16194 Princeton Street, Detroit, MI 48221
Local realty services provided by:CENTURY 21 Affiliated
16194 Princeton Street,Detroit, MI 48221
$168,000
- - Beds
- 2 Baths
- 2,132 sq. ft.
- Multi-family
- Active
Listed by: jim shaffer
Office: good company
MLS#:20251054555
Source:MI_REALCOMP
Price summary
- Price:$168,000
- Price per sq. ft.:$78.8
About this home
Investor Special with NEZ Tax Incentives! Ready for the right visionary, this Multi-family offers the perfect canvas for simple updates or a full value-add project. A recent appraisal shows an ARV of $300,000, making this a strong opportunity for anyone looking to capture instant equity. Whether you're planning a fix and flip or adding to your rental portfolio, the numbers make sense — recent rental income was $2,200/month, offering solid cash-flow in the highly desirable neighborhood of Martin Park. Rental demand in the area is strong, making this an ideal option for investors seeking steady, reliable returns. Featuring generous room sizes, a functional layout, and plenty of charm, this home can easily shine again. Bring your contractor and your imagination — the upside is undeniable. Seller offering a $5,000 Credit towards NEW Windows. Don’t miss your chance to own this cash flowing asset! Centrally located with easy access to Ferndale, Royal Oak, Downtown Detroit and major freeways.
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Home facts
- Year built:1927
- Listing ID #:20251054555
- Added:29 day(s) ago
- Updated:December 17, 2025 at 01:09 PM
Rooms and interior
- Total bathrooms:2
- Full bathrooms:2
- Living area:2,132 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1927
- Building area:2,132 sq. ft.
- Lot area:0.09 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$168,000
- Price per sq. ft.:$78.8
- Tax amount:$1,529
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