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

Detroit, MI, 48205
$ 45,000
Bedrooms3 Baths1.0 Sq 904

Monthly Estimate*

$ 281

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Single Family Home for sale in Detroit, MI

for $45,000 with 3 bedrooms and 1 full bath. This 904 square foot home was built in 1942 on a lot size of 0.1.

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.

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Single Family Active

Price

$ 45,000

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 1,013

Style

Single Family Residence

Lot Size

0.1

Year Built

1942

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

25041771

Features
General
Sewer Public
Heating Forced Air
Possession Close Of Escrow Subject To Tenant Rights
Roof Asphalt
Construction Materials Vinyl Siding
Year Built 1942
Stories Count 2
Township Detroit City
Property Subtype Single Family Residence
Tax Year 2024
Ownership Private Owned
County Wayne
New Construction N
Property Type Residential
Garage Y/N N
Total Rooms 3
Full Baths 1
Status Active
Directions off 8 mile
City Detroit
High School District Detroit
MLS Area Wayne County - 100
Lot Size Units Acres
Lot Size Square Feet 4356.0
Carport Y/N N
Listing Terms Cash Contract Conventional
Land Lease Y/N N
Tax Annual Amount 1013.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Wayne County - 100
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 23274
Legal Description S FAIRMOUNT W 2 FT 202 203 PATERSON BROS & COS RIDGEMONT GARDENS SUB L60 P3 PLATS WCR 21/943 37 X 123
Senior Community None
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Interior
Basement Full
Total Fireplaces 0
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
Laundry Features In Basement
Total Bedrooms 3
Below Grade Finished Area 0.0
Main Level Bedrooms 2
Total Baths 1
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Exterior
Water Source Public
Lot Size Area 0.1
Spa N
Building Area Total 904.0
Lot Dimensions 37.00X123.00
Lot Size Acres 0.1
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 16044
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* Excluded Features
List By
Arterra Luxe Collection Llc

Broker

dreamhomebykristina@gmail.com

Email

Affordability Calculator

$365
Per Month
77%
23%
0%
Monthly Principal & Interest
$281
Monthly Property Taxes
$84
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3706345 Elementary School
3706341 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/17/2025$45,000 Listed Price

Map


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16044 Fairmount Drive, Detroit, MI, 48205 is a Single Family Home for sale at $45,000 with 904 sqft and a lot size of 0.1. 16044 Fairmount Drive has 3 bedrooms, 1.0 baths, and was built in 1942. The property's zip code is 48205 which is in Detroit, MI