2
See all 2 photos
$145,000
Est. payment /mo
3 Beds
1 Bath
1,150 SqFt
Active
16550 Freeland Street Detroit, MI 48235
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,150 sqft
Price per Sqft $126
MLS Listing ID 20251006293
Bedrooms 3
Full Baths 1
Year Built 1941
Annual Tax Amount $2,086
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 38X110
Property Sub-Type Single Family Residence
Property Description
This one is for investors! Section 8 occupied at $1300/m. This deal is ideal for an investor seeking stability, cash flow, and low management overhead. It qualifies for conventional and DSCR financing. Whether you're scaling a local portfolio or investing from out of state, this deal offers the kind of hands-off income most investors are looking for in the Detroit market. You will cash flow from day 1. Freeland St is located in a very desirable area. Brick bungalow with 3 bedrooms, a full basement and a detached garage. Owner also has 2 other tenant occupied properties for sale. Addresses include: 19775 Burgess ($1,700/mo rent), 20201 Grandville ($1,600/mo rent), and 16550 Freeland ($1,300/mo rent, Section 8). Total rent: $4,600/month or $55,200/year. All properties are fully leased, tenant-paid utilities, and in turnkey condition. Contact listing agent for rent roll, leases, and additional info.
Location
State MI
County Wayne
Area Wayne County - 100
Direction S of MCNICOHLS, W of SCHAEFER
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Spaces 1.0
View Y/N No
Garage Yes
Building
Story 2
Sewer Public
Water Public
Schools
School District Detroit
Others
Tax ID 22035715
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Keller Williams First