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USAMIDetroitInglewood Park 516550 Freeland St
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$145,000

16550 Freeland St, Detroit, MI

House

For Sale

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310
  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1150 sqft
Garage Yes
Taxes $2,086
Days Active 0
Lot Size 
Approx. Age 1941
Avg. Price Per Sqft $126
MLS® Number 20251006293

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
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Walk Score®
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Transit Score®
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Bike Score®
MLS® Number20251006293
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1
Exterior
GarageYes
Approx. Age1941
BasementFull, Unfinished
DrivewayOne Car Garage, Detached
Garage Spaces
HeatForced Air, Natural Gas
A/C
Heating Fuel

Extras

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