16044 Fairmount Drive

Detroit, Michigan 48205

  • 3 Bed(s)
  • 1 Bath(s)
  • 904 Sqft
  • 0.1
    Acre(Lot)
$45,000

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

  • Property Type

    Residential

  • County

    Wayne

  • Style

    Bungalow

  • AD ID

    49636469

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Property Details

  • Bedroom Information

    • Total Bedrooms : 3

    Bathroom Information

    • Total Baths: 1
    • Full Baths: 1

    Room Information

    • Total Rooms: 7

    Interior Features

    • Laundry Facility
    • Roof : Asphalt

    Heating & Cooling

    • Heating: Forced Air
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1942
    • Building Stories: 1 Story
    • Roof: Asphalt
    • Foundation/Basement: Basement
    • Architecture: Bungalow

    Exterior Features

    • Construction: Vinyl

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.10
    • Dimensions: 37.00X123.00

    Property Information

    • SQ ft: 904
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $45,000

    Listing Information

    • Legal Description: S FAIRMOUNT W 2 FT 202 203 PATERSON BROS & COS RIDGEMONT GARDENS SUB L60 P3 PLATS, WCR 21/943 37 X 123

  • Tax Information

    • Annual Tax: $1,013
    • Parcel Number: 21025145

    Legal Information

    • Legal Description: Section: S FAIRMOUNT W 2 FT 202 203 PATERSON BROS & COS RIDGEMONT GARDENS SUB L60 P3 PLATS, WCR 21/943 37 X 123

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 05/29/2025 @ 16:32

  • MLS: 626079409
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Home, with 3 bedrooms which is for sale, it has 904 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.