MI > Detroit > Inglewood Park 5
Detroit, MI 48235 4057,16550 Freeland Street
Detroit, MI 48235 4057,16550 Freeland Street
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David Godin

David Godin

+1(586) 416-0600
$ 145,000
Est. payment | /mo

3 Beds

1 Bath

1,150 SqFt

Save
$ 145,000
Est. payment | /mo
Save

3 Beds

1 Bath

1,150 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,150 sqft

Price per Sqft $126

Subdivision Inglewood Park 5

MLS Listing ID 60401451

Style 1 1/2 Story

Bedrooms 3

Full Baths 1

Abv Grd Liv Area 1,150

Year Built 1941

Annual Tax Amount $2,086

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 38X110

Property Sub-Type Single Family

Property Description

This one is for investors! Section 8 occupied at $1300/m. This property is part of a 4-property investor portfolio and will only be sold as part of the full package. No cherry picking. Package price is $650,000 for all four homes. At a package price of $650,000, this deal offers a cap rate of 9.05%, GRM of 9.34 and a DSCR of 1.36. Addresses include: 19775 Burgess ($1,700/mo rent), 20201 Grandville ($1,600/mo rent), 9117 Brace ($1,200/mo rent, Section 8), and 16550 Freeland ($1,300/mo rent, Section 8). Total portfolio rent: $5,800/month or $69,600/year. All properties are fully leased, tenant-paid utilities, and in turnkey condition. Contact listing agent for rent roll, leases, and additional info. 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 package 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.

Location

State MI

County Wayne

Area Detroit (82001)

Rooms

Basement Unfinished

Interior

Heating Forced Air

Exterior

Parking Features Detached Garage

Garage Spaces 1.0

Garage Yes

Building

Story 1 1/2 Story

Foundation Basement

Water Public Water

Architectural Style Bungalow

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams First
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Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

42094 Garfield Rd, Clinton Twp, MI, 48038, USA

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16550 Freeland Street