MI > Detroit
Detroit, MI 48235,16550 Freeland Street
Detroit, MI 48235,16550 Freeland Street
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Nick Schweihofer

Nick Schweihofer

+1(616) 566-4619
$145,000
Est. payment /mo
3 Beds
1 Bath
1,150 SqFt
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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,150 sqft

Price per Sqft $126

MLS Listing ID 20251006293

Bedrooms 3

Full Baths 1

Year Built 1941

Annual Tax Amount $2,086

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 38X110

Property Sub-Type Single Family Residence

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 Wayne County - 100

Direction S of MCNICOHLS, W of SCHAEFER

Interior

Heating Forced Air

Exterior

Parking Features Detached

Garage Spaces 1.0

View Y/N No

Garage Yes

Building

Story 2

Sewer Public

Water Public

Schools

School District Detroit

Others

Tax ID 22035715

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Keller Williams First

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agent

Nick Schweihofer

+1(616) 566-4619

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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