MI
Wayne
Detroit City
48205
16044 Fairmount Drive
16044 Fairmount Drive, Detroit City, MI 48205
Share Listing
Listing Type
Single Family
Listing Status
active
14
$45,000

Home Details for 16044 Fairmount Drive

Price
$45,000
Type
Residential
Bedrooms
3
Bathrooms
1.0
Square feet
904
Year built
1942
Lot size acres
0.1
County
Wayne
Total rooms
3
Garage
Basement
Full
Days on site
36
MLS Listing#
81025041771
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.

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: Arterra Luxe Collection LLC - 248-733-5893
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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