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16194 Princeton, Detroit, MI 48221

Detroit
Local realty services provided by:CENTURY 21 Realty North
16194 Princeton,Detroit, MI 48221
$168,000
  • - Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jim shaffer
Office: good company
MLS#:60973106
Source:MI_REALSOURCE

Price summary

  • Price:$168,000

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...

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Home facts

  • Year built:1927
  • Listing ID #:60973106
  • Added:130 day(s) ago
  • Updated:March 27, 2026 at 11:28 PM

Rooms and interior

  • Total bathrooms:2
  • Full bathrooms:2

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1927
  • Lot area:0.09 Acres
  • Construction Materials:Brick, Wood
  • Exterior Features:Exterior Balcony, Porch
  • Foundation Description:Basement
  • Levels:2 Story

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$168,000
  • Tax amount:$1,529

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