Detroit, MI 48205 16044 Fairmount Drive
$43,000
1 more
Presented By: Kristina Khalifeh at Arterra Luxe Collection LLC - (248) 733-5893
Beds • 2
Baths • 1
SQFT • 904
Home Details
Cash-Flowing Investment Property in Detroit - Tenant Occupied! Great opportunity for investors! Located on a quiet, residential street in the heart of Detroit, this tenant-occupied, cash-flowing property is a smart addition to any rental portfolio. Features: Long-term tenant in place for 14 years ,Excellent payment history - currently paying $770/month, Reliable monthly rental income from day one, Potential for value-add improvements to increase equity and returns.
With strong rental demand in the area and a stable tenant already in place, this home offers immediate income and long-term potential. Whether you're a seasoned investor or just starting out, this property is a solid pick for building wealth through real estate.
Prime Detroit location | Investor special | Turnkey opportunity
Presented By: Kristina Khalifeh at Arterra Luxe Collection LLC - (248) 733-5893
Interior Features for 16044 Fairmount Drive
Bedrooms
Main Level Bedrooms2
Total Bedrooms2
Bathrooms
Half Baths0
Total Baths1
Other Interior Features
BasementFull
Below Grade Finished Area0.0
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesIn Basement
Total Fireplaces
Other Rooms
General for 16044 Fairmount Drive
Additional Parcels Y/NNo
Carport Y/NNo
CityDetroit
Construction MaterialsVinyl Siding
CountyWayne
DirectionsE of 8 Mile to Redmond St
Full Baths1
Garage Y/NNo
HeatingForced Air
High School DistrictDetroit
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionS FAIRMOUNT W 2 FT 202 203 PATERSON BROS & COS RIDGEMONT GARDENS SUB L60 P3 PLATS, WCR 21/943 37 X 123
Listing TermsCash, Contract, Conventional
Lot Size Square Feet4356.0
Lot Size UnitsAcres
MLS AreaWayne County - 100
MLS Area MinorWayne County - 100
MobileHomeRemainsYNNo
ModificationTimestamp2025-07-31T17:52:04Z
New ConstructionNo
OwnershipPrivate Owned
PossessionClose Of Escrow, Subject To Tenant Rights
Property SubtypeSingle Family Residence
Property TypeResidential
Rent Control Y/NNo
RoofAsphalt
Senior CommunityNone
SewerPublic
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount1013.0
Tax Assessed Value22575
Tax Year2024
Total Rooms3
TownshipDetroit City
Year Built1942
Exterior for 16044 Fairmount Drive
Building Area Total904.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions37.00X123.00
Lot Size Acres0.1
Lot Size Area0.1
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Maleah Matthys
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