MLS# 25041771 – 16044 Fairmount Drive, Detroit, MI 48205

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$45,000 - 3Br/1Ba - for Sale in Detroit
Price: $45,000
Beds: 3
Baths: 1
Living Area SqFt: 904
Status: Active
Property Type: Single Family Residence
Lot Size Acres: 0.10
Lot Size SqFt: 4,356
Year Built: 1942
Days on Website: 6

Courtesy of Arterra Luxe Collection LLC, Kristina Khalifeh.

Property Description

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.

Open House

Property Details and Features

  • Basement
  • Basement: “Full”
  • Bathrooms
  • 1 full bathroom
  • 1 total bathroom
  • Bedrooms
  • 3 total bedrooms
  • Building
  • Building Area Total: 904
  • Construction Materials: “Vinyl Siding”
  • Living Area: 904
  • Year Built: 1942
  • 2 stories
  • Heating
  • Heating: “Forced Air”
  • Heating Included
  • Laundry
  • Features: “In Basement”
  • Listing
  • Listing Contract Date: 2025-08-17
  • Listing Id: 25041771
  • Listing Terms: “Cash”, “Contract”, “Conventional”
  • Mls Status: Active
  • Modification Timestamp: 2025-08-17 18:44:04
  • On Market Date: 2025-08-17
  • Standard Status: Active
  • Status Change Timestamp: 2025-08-17 18:35:53
  • 6 days on market
  • Location
  • City: Detroit
  • State Or Province: MI
  • County Or Parish: Wayne
  • Postal Code: 48205
  • MLS Area Major: Wayne County – 100
  • MLS Area Minor: Wayne County – 100
  • Lot
  • 0.1 acres
  • Area: 0.1
  • Dimensions: 37.00X123.00
  • 4,356 square feet
  • Property
  • Parcel Number: 21025145.
  • Property Sub Type: Single Family Residence
  • Roof
  • Roof: “Asphalt”
  • Additional Rooms
  • Rooms Total: 3
  • Schools
  • Middle Or Junior School District: Detroit
  • Sewer
  • Sewer: “Public”
  • Taxes
  • Annual Amount: $1,013
  • Tax Year: 2024
  • Utilities
  • Water Source: “Public”

Property Map

$45,000 – 16044 Fairmount Drive, Detroit, MI 48205

Street View

Nearby Schools

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