MI > Detroit
Detroit, MI 48205,16044 Fairmount Drive
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Detroit, MI 48205,16044 Fairmount Drive
Detroit, MI 48205,16044 Fairmount Drive
Detroit, MI 48205,16044 Fairmount Drive
Detroit, MI 48205,16044 Fairmount Drive
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Good Company Realty

Good Company Realty

+1(248) 733-5811
$ 45,000
Est. payment /mo
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16044 Fairmount Drive Detroit, MI 48205

3 Beds

1 Bath

904 SqFt

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 81025041771

Style Bungalow

Bedrooms 3

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

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

State MI

County Wayne

Area Det 8 To Gratiot/Houston To 7

Direction off 8 mile

Interior

Interior Features Laundry Facility

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Roof Type Asphalt

Garage no

Private Pool No

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Bungalow

Level or Stories 2 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
agent

Good Company Realty

+1(248) 733-5811

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