16550 Freeland ST Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48235
Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
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
Year Built 1941
Property Sub-Type SingleFamilyResidence
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: 9117 Brace ($1,200/mo rent) and 20201 Grandville ($1,600/mo rent). Total rent: $4,100/month or $49,200/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 Area05042Det6Tiregrnfldlivernois
Interior
Heating ForcedAir, NaturalGas
Exterior
Parking Features OneCarGarage,Detached
Garage Spaces 1.0
Pool None
View Y/N No
Building
Foundation Basement, Poured
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard