$45,000

16044 Fairmount Drive, Detroit, MI 48205

3 beds |
1 bath |
904 sqft

Single-Family Home
Built in 1942
4,356sqft lot
—— car garage
$50/sqft
Listed 2 months ago

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.

Listing Status:: Active
Listing Office:: Arterra Luxe Collection LLC : 248-733-5893
Listing Agent:: Kristina Khalifeh : 313-689-8836
MLS ID:: 70488423

Heating: Natural GasForced Air

General: Vinyl SidingTwoBasement

Originating MLS: MiRealSource
School District: Detroit City School District
County: Wayne

Zoning: S FAIRMOUNT W 2 FT 202 203 PATERSON BROS & COS RIDGEMONT GARDENS SUB L60 P3 PLATSWCR 21/943 37 X 123

Water: Public

Source: MiRealSource

This listing courtesy of Kristina Khalifeh, Arterra Luxe Collection LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Fisher Magnet Lower Academy

15510 E State Fair St, Detroit, MI, 48205

Grades PK-5

0.37 miles away

Fisher Magnet Upper Academy

15491 Maddelein St, Detroit, MI, 48205

Grades 6-8

0.60 miles away

Denby High School

12800 Kelly Rd, Detroit, MI, 48224

Grades 9-12

1.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.