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.
Property Details
Price:
$145,000
MLS #:
20251006293
Status:
Active
Beds:
3
Baths:
1
Address:
16550 Freeland Street
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
INGLEWOOD PARK 5
Neighborhood:
05042det6tiregrnfldlivernois
City:
Detroit
Listed Date:
Jun 5, 2025
State:
MI
Finished Sq Ft:
1,150
ZIP:
48235
Year Built:
1941
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
Bungalow
Construction Materials
Block
Parking Features
One Car Garage, Detached
Financial
Taxes
$2,086
Map
Community
- Address16550 Freeland Street Detroit MI
- SubdivisionINGLEWOOD PARK 5
- CityDetroit
- CountyWayne
- Zip Code48235
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