MI > Detroit
Detroit, MI 48205,16044 Fairmount Drive
Detroit, MI 48205,16044 Fairmount Drive
Detroit, MI 48205,16044 Fairmount Drive
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$45,000
Est. payment /mo
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2 Beds
1 Bath
904 SqFt
Active

16044 Fairmount Drive Detroit, MI 48205

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Robert Hall

Robert Hall

+1(810) 247-7700

UPDATED:

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 2

Full Baths 1

HOA Y/N no

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

Source Greater Metropolitan Association of REALTORS®

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, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Financing Cash,Contract,Conventional

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Kristina Khalifeh of Arterra Luxe Collection LLC

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agent

Robert Hall

Realtor - Regional Director of Leadership | License ID: 6501426773

+1(810) 247-7700

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16044 Fairmount Drive