MI
MI 48205,16044 Fairmount DR
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MI 48205,16044 Fairmount DR
MI 48205,16044 Fairmount DR
MI 48205,16044 Fairmount DR
MI 48205,16044 Fairmount DR

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Larry Else

Larry Else

+1(313) 315-3215
$ 45,000
Est. payment /mo
Save
Active

16044 Fairmount DR MI 48205

2 Beds

1 Bath

904 SqFt

UPDATED:

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

Rooms

Basement Full

Main Level BathFull

Main Level, 13 x 13 Kitchen

Upper Level, 12 x 12 PrimaryBedroom

Basement Level Laundry

Main Level, 14 x 14 LivingRoom

Main Level, 10 x 10 Bedroom3

Main Level, 11 x 11 Bedroom2

Interior

Heating ForcedAir, NaturalGas

Laundry InBasement

Exterior

View Y/N No

Roof Type Asphalt

Garage false

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

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

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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