16044 Fairmount Drive

Detroit MI 48205

1578 sq. ft.

0.1 ac.

Single-Family

Currently for sale - view listing

Overview

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.

Features

3 bedrooms

1 bathroom

1578 sq. ft. floor area

0.1 ac. lot size

Single-Family

Property history for 16044 Fairmount Drive

2022

Sold

$26,000

04 Feb 2022 by Scott Zemens, of REMAX First | Royal Oak

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