LKV Realty
Logo
$45,000
$0Reward *
16044 Fairmount Drive, Detroit, MI 48205Listing ID 25041771

16044 Fairmount Drive, Detroit, MI 48205

Active
Wayne County - 100
Time on site: 359 daysLast updated: Aug 17, 2025
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family Residence
Bedrooms
Bedrooms
3
Bathrooms
Bathrooms
1
Square Feet
Square Feet
904
Acres
Acres
0.1
Days on Site
Days on Site
383
Heating
Heating
Forced Air
Year Built
Year Built
1942
Stories
Stories
2

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.

Property Information

Property Details

Location

Address
16044 Fairmount Drive
County
Wayne
City
Detroit
Zip Code
48205
Subdivision
Wayne County - 100
School District
Detroit
MLS Area
Wayne County - 100

Interior Features

Beds and Baths

Bedrooms
3
Main Level Bedrooms
2
Full Bathrooms
1

Building

Building Information

Square Feet
904
Year Built
1942
Stories
2
Construction
Vinyl Siding
Roof
Asphalt

Property Taxes

Tax Annual Amount
$1,013
Tax Year
2024
Kristina KhalifehLPT Realty, LLC, (877) 366-2213

Market Report for 48205

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Michigan Regional Information Center, LLC
Michigan Regional Information Center, LLC logo

Information Deemed Reliable But Not Guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved.

For corrections to this data please contact Brytecore MLS Support.

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