16044 Fairmount DR Active Save Request In-Person Tour Request Virtual Tour
MI 48205
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
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
Year Built 1942
Lot Size 4,356 Sqft
Property Sub-Type SingleFamilyResidence
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 Area05054Det8Togratiothoustonto7
Interior
Heating ForcedAir, NaturalGas
Laundry InBasement
Exterior
View Y/N No
Roof Type Asphalt
Building
Foundation Basement
Sewer PublicSewer
Water Public
New Construction No
Schools
School District Detroit
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Special Listing Condition Standard