$94,900
$89,900
5.6%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1 Bath
1,071 SqFt
SOLD DATE : 09/17/2025
Key Details
Sold Price $94,900
Property Type Single Family Home
Sub Type Single Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,071 sqft
Price per Sqft $88
Subdivision B E Taylors Rainbow Sub ( Plats)
MLS Listing ID 60401678
Sold Date 09/17/25
Style 1 Story
Bedrooms 3
Full Baths 1
Abv Grd Liv Area 1,071
Year Built 1947
Annual Tax Amount $2,129
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40.00 x 107.00
Property Sub-Type Single Family
Property Description
Classic charm meets reliable investment potential in this solid 1947 brick home located at 16191 Ferguson St. Currently leased to a dependable Section 8 tenant at $1,100/month - with consistent, on-time payments and strong potential for increased market rent - this property offers immediate cash flow for investors. The home features a practical 3-bedroom, 1-bath layout with a warm and inviting fireplace, forced-air heating, and a partially finished basement perfect for additional living space, a home office, or gym. Additional highlights include an attached garage, fenced backyard for privacy, and a desirable location in Detroit's Crary neighborhood, just minutes from Grand River Avenue and major freeways. While formal renovation records are limited, the home includes durable brick construction, an asphalt roof reportedly in good condition, working kitchen appliances (included in the sale), and a finished basement section. Ideal for both owner-occupants and savvy investors looking for a turnkey opportunity with value-add potential.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Unfinished
Interior
Hot Water Gas
Heating Forced Air
Exterior
Parking Features Attached Garage, Gar Door Opener, Direct Access
Garage Spaces 1.0
Garage Yes
Building
Story 1 Story
Foundation Basement
Water Public Water
Architectural Style Ranch
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $250
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional,FHA,VA
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