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
Active
Price cut: $2K (7/31)
$43,000
16044 Fairmount Dr, Detroit, MI 48205
2beds
904sqft
Est.:
Single Family Residence
Built in 1942
4,356 Square Feet Lot
$-- Zestimate®
$48/sqft
$-- HOA
What's special
Quiet residential street
- 97 days
- on Zillow |
- 221 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 10:52am
Listed by:
Kristina Khalifeh 313-689-8836,
Arterra Luxe Collection LLC 248-733-5893
Source: MichRIC,MLS#: 25020135

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Upper
- Area: 144
- Dimensions: 12.00 x 12.00
Bedroom 2
- Level: Main
- Area: 121
- Dimensions: 11.00 x 11.00
Bedroom 3
- Level: Main
- Area: 100
- Dimensions: 10.00 x 10.00
Bathroom 1
- Level: Main
Kitchen
- Level: Main
- Area: 169
- Dimensions: 13.00 x 13.00
Laundry
- Level: Basement
Living room
- Level: Main
- Area: 196
- Dimensions: 14.00 x 14.00
Heating
- Forced Air
Appliances
- Laundry: In Basement
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 904
- Total interior livable area: 904 sqft
- Finished area below ground: 0
Property
Features
- Stories: 1
Lot
- Size: 4,356 Square Feet
- Dimensions: 37.00 x 123.00
Details
- Parcel number: 21025145.
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1942
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $48/sqft
- Tax assessed value: $22,575
- Annual tax amount: $1,013
- Date on market: 5/29/2025
- Listing terms: Cash,Contract,Conventional
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