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$ 45,000
Est. payment /mo
Active
16044 Fairmount DR Detroit, MI 48205
3 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 81025041771
Style Bungalow
Bedrooms 3
Full Baths 1
Year Built 1942
Property Sub-Type SingleFamilyResidence
Property Description
Prime Investment Opportunity in DetroitThis isn't just another property; it's a turnkey, cash-flowing asset ready to elevate your portfolio. Located on a peaceful residential street, this tenant-occupied home offers immediate, reliable income and is a smart addition for any investor looking for both stability and growth.Key Investment Highlights:Instant Cash Flow: Start generating income from day one. This property comes with a stable, long-term tenant already in place.Proven Reliability: The current tenant has a remarkable 15-year history of on-time payments, providing a consistent and predictable income stream of $770/month.Strategic Value-Add Potential: Beyond the immediate cash flow, there's significant upside.With some targeted improvements, you can increase the property's value and boost your returns over time.
Location, Location, Location: Situated in a high-demand rental area of Detroit, this home is poised for continued profitability and appreciation. The location offers easy access to public transit, making it convenient for tenants to get around the city.
This property is a solid pick for both seasoned and new investors looking to build wealth in Detroit's thriving real estate market.
Location, Location, Location: Situated in a high-demand rental area of Detroit, this home is poised for continued profitability and appreciation. The location offers easy access to public transit, making it convenient for tenants to get around the city.
This property is a solid pick for both seasoned and new investors looking to build wealth in Detroit's thriving real estate market.
Location
State MI
County Wayne
Area Area05054Det8Togratiothoustonto7
Rooms
Basement Full
Interior
Heating ForcedAir, NaturalGas
Laundry InBasement
Exterior
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation Basement
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Special Listing Condition Standard
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Listed by Kristina Khalifeh of Arterra Luxe Collection LLC
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