Price:$45,000|Beds: 3|Baths: 1|Area: 904 sq ft

Info
Value
Expenses
History
Schools

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Overview

The home at 16044 Fairmount Dr Detroit, MI. 48205
has 3 bedrooms 1 bathrooms 904 square feet of living space. It sits on 4356 square feet of land. And its legal description is

S FAIRMOUNT W 2 FT 202 203 PATERSON BROS & COS RIDGEMONT GARDENS SUB L60 P3 PLATS, WCR 21/943 37 X 123
County Registrar of Deeds Public Record

This building may also appear as:

16044 Fairmount Dr

16044 Fairmount Dr Detroit, MI. 48205-1450

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

More Information

MLS Number: 81025020135
Price: $45,000.00
Listing Start Date: 05/07/2025
Current MLS Status: Active
Status Date: 05/07/2025
Year Built: 1942
Square Footage: 904
Price per SqFt: $49.78
Bedrooms: 3
Full Bathrooms: 1
Half Bathrooms: 0
Total Tax: $1,013
Has Basement: Yes
Down Payment Assistance: Call us for resources

Public Record Information

Estimated Value: $30,371
Square Footage: 904
Lot Area: 0.10 acres (4,356 sqft)
Price per SqFt: $33.00
Year Built: 1942
Bedrooms: 3
Full Bathrooms: 1
Taxes (from public record): $1,012
Approx. Loan Amount: $60,200
Zoning: R1
Build Quality: C+
Floor Types:
Amenities:
Heating Types: Forced Air Unit
Exterior Wall Types: Wood Siding
Architecture Type: Other
Parking Size: 1
Legal Description: S FAIRMOUNT W 2 FT 202 203 PATERSON BROS & COS RIDGEMONT GARDENS SUB L60 P3 PLATS, WCR 21/943 37 X 123
Current APN
(Assessor's Parcel Number): 21025145. (21025145)
Previous APN: 21025145. (21025145.)
General Land Use: Residential
County Land Use: Residential - Improved (401)
Owner City: Sterling, VA
No. of Buildings: 1

Valuation

Estimated Value

$30,371

Range of Comparable Sales

Low: $30,067

High:

$30,674

Exact Location

map of 16044 Fairmount Drive Detroit, MI 48205

Estimated Monthly Expenses

Total Monthly Cost
Mortgage Payment (Principal and Interest) With a 20% Down Payment	$
Property Tax	$
Hazard Insurance	$
Heat	$
Electric Bill	$

Transaction History

*This data is provided from public record

Sale Date	Sale Price	Arm's-Length
02/07/2022	$26,000	Yes
02/19/2013	$36,908	Yes
09/27/2012	$28,786	Yes
05/31/2012		Yes

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Information deemed reliable but not guaranteed.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd.

Real estate listings held by firms other than Snabby Real Estate are marked with the Realcomp Internet Data Exchange logo or thumbnail logo
and detailed information about them includes the Listing Broker's Firm Name. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Provided by Arterra Luxe Collection LLC Office Contact Info: (248) 733-5893

Locations

16044 Fairmount Drive Detroit, MI 48205