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16550 Freeland Street, Detroit, MI 48235

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For Sale

$145,000

3 beds • 1 baths • 1,150 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $126.09
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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.
MLS# 20251006293

Courtesy Of East Central, LLC
10785 S. Saginaw St., Grand Blanc, MI 48439
(248) 846-3246

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Bungalow
  • Exterior Type
    Block
  • Heating System
    Forced Air
  • Lot Size
    0.1 Acres
  • Rooms
    Basement

Map and Directions

Directions to 16550 Freeland Street, Detroit, MI 48235

Home seller CENTURY 21 Professionals

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Professionals

(248) 652-7700
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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