16550 Freeland Street

Detroit, Michigan 48235

  • 3 Bed(s)
  • 1 Bath(s)
  • 1,150 Sqft
  • 0.1
    Acre(Lot)
$145,000

Description

This one is for investors! section 8 occupied at $1300/m. this property is part of a 4-property investor portfolio and will only be sold as part of the full package. no cherry picking. package price is $650,000 for all four homes. at a package price of $650,000, this deal offers a cap rate of 9.05%, grm of 9.34 and a dscr of 1.36. addresses include: 19775 burgess ($1,700/mo rent), 20201 grandville ($1,600/mo rent), 9117 brace ($1,200/mo rent, section 8), and 16550 freeland ($1,300/mo rent, section 8). total portfolio rent: $5,800/month or $69,600/year. all properties are fully leased, tenant-paid utilities, and in turnkey condition. contact listing agent for rent roll, leases, and additional info. this deal is ideal for an investor seeking stability, cash flow, and low management overhead. it qualifies for conventional and dscr financing. whether you’re scaling a local portfolio or investing from out of state, this package offers the kind of hands-off income most investors are looking for in the detroit market. you will cash flow from day 1. freeland st is located in a very desirable area. brick bungalow with 3 bedrooms, a full basement and a detached garage.

  • Property Type

    Residential

  • County

    Wayne

  • Style

    Bungalow

  • AD ID

    50103828

Sell a home like this and save $8,201 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Bedroom Information

    • Total Bedrooms : 3

    Bathroom Information

    • Total Baths: 1
    • Full Baths: 1

    Room Information

    • Total Rooms: 6

    Interior Features

    • Basement Description: Unfinished

    Heating & Cooling

    • Heating: Forced Air
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1941
    • Building Stories: 1 1/2 Story
    • Foundation/Basement: Basement
    • Architecture: Bungalow

    Exterior Features

    • Construction: Block

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.10
    • Dimensions: 38X110

    Property Information

    • SQ ft: 1150
    • Subdivision: Inglewood Park 5
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $145,000

    Listing Information

    • Possession: Subject To Tenant Rights
    • Legal Description: E FREELAND 807 & W 9 FT VAC ALLEY ADJ INGLEWOOD PARK SUB NO 5 L59 P71 PLATS, W C R 22/615 38 X 110

  • Tax Information

    • Annual Tax: $2,086
    • Parcel Number: 22035715

    Possession

    • Subject To Tenant Rights

    Legal Information

    • Legal Description: Section: E FREELAND 807 & W 9 FT VAC ALLEY ADJ INGLEWOOD PARK SUB NO 5 L59 P71 PLATS, W C R 22/615 38 X 110

  • Parking Information

    • Has Garage: Yes
    • Garage Size: 1 Car
    • Garage Description: Detached

    Multi-Unit Information

    • Road Frontage: Paved

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2025 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan.

BuyOwner last updated this listing 06/09/2025 @ 01:39

  • MLS: 628395709
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Home, with 3 bedrooms which is for sale, it has 1,150 sqft, 0 sized lot, and 1 Car parking. are nearby neighborhoods.