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$45,000

Listing Price

3beds

1baths

904sqft

4,356sqft lot

16044 Fairmount Dr, Detroit, MI 48205

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Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

49.78

Price / sqft

1942

Year built

Home Details

Prime Investment Opportunity in DetroitnThis isnt just another property; its a turnkey, cash-flowing asset ready to elevate your portfolio. Located on a peaceful residential street, this tenant-occupied home offers immediate, reliable income and is a smart addition for any investor looking for both stability and growth.nKey Investment Highlights:nnInstant Cash Flow: Start generating income from day one. This property comes with a stable, long-term tenant already in place.nProven Reliability: The current tenant has a remarkable 15-year history of on-time payments, providing a consistent and predictable income stream of $770/month.nStrategic Value-Add Potential: Beyond the immediate cash flow, theres significant upside. With some targeted improvements, you can increase the propertys value and boost your returns over time.nnLocation, Location, Location: Situated in a high-demand rental area of Detroit, this home is poised for continued profitability and appreciation. The location offers easy access to public transit, making it convenient for tenants to get around the city.nnThis property is a solid pick for both seasoned and new investors looking to build wealth in Detroits thriving real estate market.

Interior Details

Square Feet
  • 904

Bedrooms
  • 3

Bathrooms
  • 1

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Forced Air With Air Conditioning

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Gas

Basement
  • Has Basement:

    No

  • Basement Type:

    Basement (unspecified)

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 4356

Water
  • No

Sewer
  • No

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • No

Patio
  • No

Fence
  • No

Pool
  • No

Porch
  • No

Stoop
  • No

Breezeway
  • No

Construction Details

Number of Stories
  • 1

Style
  • N/A

Exterior
  • Wood Siding

Foundation
  • N/A

Roof
  • Gable

Roofing Material
  • N/A

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2018

$963

$0

$0

--%

$11,500

2019

$998

$0

$0

--%

$9,400

2018

$963

$0

$0

--%

$8,600

2017

$959

$0

$0

--%

$8,200

2016

$1,307

$0

$0

--%

$12,000

2014

$1,615

$0

$0

--%

$15,690

2013

$1,749

$0

$0

--%

$17,433

2012

$1,892

$0

$0

--%

$19,683

percent-home-icon

Average Home Price in 48205

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$100,507

-- Beds

1 Baths

869 Sqft

4,792 Lot (sqft)

Sold 10/28/2026

$72,413

-- Beds

1 Baths

997 Sqft

6,534 Lot (sqft)

Sold 10/16/2026

$53,709

-- Beds

1 Baths

948 Sqft

5,227 Lot (sqft)

Sold 10/08/2026

$45,305

-- Beds

1 Baths

1,020 Sqft

4,356 Lot (sqft)

Sold 09/10/2026

$63,559

-- Beds

1 Baths

968 Sqft

5,227 Lot (sqft)

Sold 08/22/2026

$88,416

-- Beds

1.5 Baths

1,004 Sqft

5,663 Lot (sqft)

Sold 08/19/2026

$70,000

-- Beds

1 Baths

889 Sqft

5,227 Lot (sqft)

Sold 08/12/2026

$67,893

-- Beds

1 Baths

1,039 Sqft

5,227 Lot (sqft)

Sold NaN/NaN/NaN

$60,224

-- Beds

1 Baths

924 Sqft

5,227 Lot (sqft)

Sold 10/27/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
45,000
$
Down payment
9,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
270
$
HOA (Monthly)
0
$
PMI
0
$
$291
Your Payment
Total Monthly Payment:$291
Percent of Income:5%
Affordable:Yes

Details for 16044 FAIRMOUNT DR

Property Debt

Foreclosure Contact Details