Description
Classic charm meets reliable investment potential in this solid 1947 brick home located at 16191 ferguson st. currently leased to a dependable section 8 tenant at $1,100/month—with consistent, on-time payments and strong potential for increased market rent—this property offers immediate cash flow for investors. the home features a practical 3-bedroom, 1-bath layout with a warm and inviting fireplace, forced-air heating, and a partially finished basement perfect for additional living space, a home office, or gym.
additional highlights include an attached garage, fenced backyard for privacy, and a desirable location in detroit’s crary neighborhood, just minutes from grand river avenue and major freeways. while formal renovation records are limited, the home includes durable brick construction, an asphalt roof reportedly in good condition, working kitchen appliances (included in the sale), and a finished basement section. ideal for both owner-occupants and savvy investors looking for a turnkey opportunity with value-add potential.
Property Type
ResidentialSubdivision
B E Taylors Rainbow Sub ( Plats)County
WayneStyle
RanchAD ID
50114213
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 3
Bathroom Information
- Total Baths: 1
- Full Baths: 1
Interior Features
- Roof : Asphalt
- Basement Description: Unfinished
Heating & Cooling
- Heating: Forced Air
- Heating Fuel: Natural Gas
Water Heater
- Natural Gas
-
Exterior Features
Building Information
- Year Built: 1947
- Building Stories: 1 Story
- Roof: Asphalt
- Foundation/Basement: Basement
- Architecture: Ranch
Exterior Features
- Fenced
- Construction: Brick
Utility Features
- Sewer: Public Sewer (Sewer-Sanitary)
Water
- Public (Municipal)
- Water Heat: Natural Gas
-
Property / Lot Details
Lot Information
- Lot Size: 0.10
- Dimensions: 40.00 x 107.00
Property Information
- SQ ft: 1071
- Subdivision: B E TAYLORS RAINBOW SUB ( PLATS)
- Financing: Cash,Conventional,FHA,VA
-
Listing Information
Listing Price Information
- Original List Price: $89,900
Listing Information
- Possession: Negotiable
- Legal Description: W FERGUSON 859 B E TAYLORS RAINBOW SUB L41 P75 PLATS, W C R 22/6 40 X 106.6
-
Taxes / Assessments
Tax Information
- Annual Tax: $2,129
- Parcel Number: W22I063799S
Possession
- Negotiable
Legal Information
- Legal Description: Section: W FERGUSON 859 B E TAYLORS RAINBOW SUB L41 P75 PLATS, W C R 22/6 40 X 106.6
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Has Garage: Yes
- Garage Size: 1 Car
- Garage Description: Direct Access,Door Opener,Attached
Multi-Unit Information
- Road Frontage: Paved
-
School, Utilities & Location Details
Utility Information
- Water:Public (Municipal)
- Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 07/06/2025 @ 03:47
- MLS: 626429631
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: Realcomp II Ltd
is a Home, with 3 bedrooms which is for sale, it has 1,071 sqft, 0 sized lot, and 1 Car parking. are nearby neighborhoods.