16044 Fairmount Drive new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48205
Key Details
Property Type Single Family Home
Sub Type Bungalow
Listing Status Active
Purchase Type For Sale
Square Footage 904 sqft
Price per Sqft $49
MLS Listing ID 81025020135
Style Bungalow
Bedrooms 3
Full Baths 1
HOA Y/N no
Originating Board Greater Metropolitan Association of REALTORS®
Year Built 1942
Annual Tax Amount $1,013
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 37.00X123.00
Property Sub-Type Bungalow
Property Description
Cash-Flowing Investment Property in Detroit - Tenant Occupied! Great opportunity for investors! Located on a quiet, residential street in the heart of Detroit, this tenant-occupied, cash-flowing property is a smart addition to any rental portfolio. Features: Long-term tenant in place for 14 years ,Excellent payment history - currently paying $770/month, Reliable monthly rental income from day one, Potential for value-add improvements to increase equity and returns.With strong rental demand in the area and a stable tenant already in place, this home offers immediate income and long-term potential. Whether you're a seasoned investor or just starting out, this property is a solid pick for building wealth through real estate.Prime Detroit location \ Investor special \ Turnkey opportunity
Location
State MI
County Wayne
Area Det 8 To Gratiot/Houston To 7
Direction E of 8 Mile to Redmond St
Interior
Interior Features Laundry Facility
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Roof Type Asphalt
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Bungalow
Level or Stories 1 Story
Structure Type Vinyl
Schools
School District Detroit
Others
Tax ID 21025145
Ownership Private Owned
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional