MI > Detroit
Detroit, MI 48205,16044 Fairmount DR
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Detroit, MI 48205,16044 Fairmount DR
Detroit, MI 48205,16044 Fairmount DR
Detroit, MI 48205,16044 Fairmount DR
Detroit, MI 48205,16044 Fairmount DR

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Additional details
Realtyflo Inc

Realtyflo Inc

+1(313) 466-7253
$ 45,000
Est. payment /mo
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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

Lot Size 4,356 Sqft

Acres 0.1

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

State MI

County Wayne

Area Area05054Det8Togratiothoustonto7

Rooms

Basement Full

Interior

Heating Forced Air, Natural Gas

Fireplace No

Laundry InBasement

Exterior

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Basement

Sewer Public Sewer

Water Public

New Construction No

Schools

High Schools Detroit

School District Detroit

Others

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Special Listing Condition Standard

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Kristina Khalifeh of Arterra Luxe Collection LLC
Realtyflo Inc

Realtyflo Inc

Brokerage | License ID: 6505386963

+1(313) 466-7253

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