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 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.
Contact an agent
Home facts
- Year built:1942
- Listing Id #:25041771
- Added:1 day(s) ago
- Updated:August 18, 2025 at 03:48 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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