16550 Freeland Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48235
Key Details
Property Type Single Family Home
Sub Type Bungalow
Listing Status Active
Purchase Type For Sale
Square Footage 1,150 sqft
Price per Sqft $126
Subdivision Inglewood Park 5
MLS Listing ID 20251006293
Style Bungalow
Bedrooms 3
Full Baths 1
HOA Y/N no
Year Built 1941
Annual Tax Amount $2,086
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 38X110
Property Sub-Type Bungalow
Source Realcomp II Ltd
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 Det 6-Tire - Grnfld - Livernois
Direction S of MCNICOHLS, W of SCHAEFER
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Parking Features Detached
Garage Description 1 Car
Road Frontage Paved
Garage yes
Private Pool No
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Bungalow
Warranty No
Level or Stories 1 1/2 Story
Structure Type Block
Schools
School District Detroit
Others
Tax ID 22035715
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional