$45,000 for Sale
16044 fairmount, detroit, MI 48205
| Beds 3 | Baths 1 | 904 Sqft | 0.10 Acres |
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1 of 6 |
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
General Information
Sale Price: $45,000
Price/SqFt: $50
Status: Active
MLS#: gmrmi25020135
City: detroit
Post Office:
Schools: detroit
County: Wayne
Acres: 0.1
Lot Dimensions: 37.00X123.00
Bedrooms:3
Bathrooms:1 (1 full, 0 half)
House Size: 904 sq.ft.
Acreage: 0.1 est.
Year Built: 1942
Property Type: Single Family Residence
Style:
Features & Room Sizes
Bedroom 1:
Bedroom 2 :
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Garage: No Garage
Exterior: Vinyl Siding
Basement: Yes
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
HOA fees:
Legal Description: S FAIRMOUNT W 2 FT 202 203 PATERSON BROS & COS RIDGEMONT GARDENS SUB L60 P3 PLATS, WCR 21/943 37 X 123
Information provided by Greater Metropolitan Association of REALTORS
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Listing By: Kristina Khalifeh of Arterra Luxe Collection LLC, Phone: (248) 733-5893
