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16044 Fairmount Drive, Detroit, MI 48205

$45,000
Sq. Ft. 904 Beds 3 Full Bath 1 Yr Built 1942
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.

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.

Listing Info MLS# 25041771

Status
Active
Listed On
August 17, 2025
Days on Mkt
112 Days
Price
$45,000
Square Feet
904 Sq Ft
Bed
3 Bedrooms
Bath
1 Full / Half
Type
Single Family Home
Style
Year Built
1942
Acres
0.10
Basement
Full
Garage
Has Garage: No
Interior
Exterior
City
Detroit, MI
Zip
48205
County
Wayne

School Information

District Detroit

Property Taxes and Assessment

Year 2024
Total Tax $1,013
Assessment $23,274

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Listing courtesy of Arterra Luxe Collection LLC

IDX listing data provided by and Copyright © Ann Arbor Area Board of Realtors Multiple Listing Service.

THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED