Turn-key investment opportunity with immediate cash flow! This updated 3-bedroom, 1-bath home features a clean, modern interior and a full basement, offering comfortable living with functional space. The property is being sold subject to an existing lease, with a reliable cash-paying tenant currently in place at $1,400/month—producing $16,800 in annual rental income. Ideal for investors seeking a well-maintained, income-generating asset with a stable tenant already in place
Property Details
Price:
$140,000
MLS #:
20250024252
Status:
Active
Beds:
3
Baths:
1
Address:
16605 FREELAND ST
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
HEIDEN & CUNNINGHAM PALME R GROVE SUB PLATS
Neighborhood:
05042 – Det 6-Tire – Grnfld – Livernois
City:
Detroit
Listed Date:
Apr 9, 2025
State:
MI
Finished Sq Ft:
1,080
ZIP:
48235
Year Built:
1939
See this Listing
I’m a first-generation American with Italian roots. My journey combines family, real estate, and the American dream. Raised in a loving home, I embraced my Italian heritage and studied in Italy before returning to the US. As a mother of four, married for 30 years, my joy is family time. Real estate runs in my blood, inspired by my parents’ success in the industry. I earned my real estate license at 18, learned from a mentor at Century 21, and continued to grow at Remax. In 2022, I became the…
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Schools
School District:
Detroit
Interior
Bathrooms
1 Full Bathroom
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Cape Cod
Construction Materials
Brick
Parking Features
One Car Garage, Detached
Financial
Taxes
$2,994
Map
Community
- Address16605 FREELAND ST Detroit MI
- SubdivisionHEIDEN & CUNNINGHAM PALME R GROVE SUB (PLATS)
- CityDetroit
- CountyWayne
- Zip Code48235
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16605 FREELAND ST
Detroit, MI
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