MI > Detroit > Inglewood Park 5
Detroit, MI 48235,16550 Freeland Street
Detroit, MI 48235,16550 Freeland Street
2
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$145,000
Est. payment /mo
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3 Beds
1 Bath
1,150 SqFt
New

16550 Freeland Street Detroit, MI 48235

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Audrey Schultz

Audrey Schultz

+1(517) 745-0008

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Bungalow

Listing Status Active

Purchase Type For Sale

Square Footage 1,150 sqft

Price per Sqft $126

Subdivision Inglewood Park 5

MLS Listing ID 20251006293

Style Bungalow

Bedrooms 3

Full Baths 1

HOA Y/N no

Year Built 1941

Annual Tax Amount $2,086

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 38X110

Property Sub-Type Bungalow

Source Realcomp II Ltd

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 Det 6-Tire - Grnfld - Livernois

Direction S of MCNICOHLS, W of SCHAEFER

Rooms

Basement Unfinished

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Parking Features Detached

Garage Description 1 Car

Road Frontage Paved

Garage yes

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Bungalow

Warranty No

Level or Stories 1 1/2 Story

Structure Type Block

Schools

School District Detroit

Others

Tax ID 22035715

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Anuj Chand of Keller Williams First

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agent

Audrey Schultz

Agent | License ID: 6501463146

+1(517) 745-0008

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16550 Freeland Street