16044 Fairmount Drive, Detroit, MI 48205

Local realty services provided by:ERA Reardon Realty
16044 Fairmount Drive,Detroit, MI 48205
$45,000
  • 3 Beds
  • 1 Baths
  • 904 sq. ft.
  • Single family
  • Active
Listed by:kristina khalifeh
Office:arterra luxe collection llc.
MLS#:25041771
Source:MI_GRAR

Price summary

  • Price:$45,000
  • Price per sq. ft.:$49.78

About this home

Prime Investment Opportunity in Detroit This 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

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Home facts

  • Year built:1942
  • Listing ID #:25041771
  • Added:45 day(s) ago
  • Updated:October 02, 2025 at 03:41 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:904 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1942
  • Building area:904 sq. ft.
  • Lot area:0.1 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$45,000
  • Price per sq. ft.:$49.78
  • Tax amount:$1,013 (2024)

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