16191 Strathmoor Street, Detroit City, MI 48235
CHARLES ENGEL · Wayne County
Key Facts
Description
This beautifully renovated bungalow is a truly turnkey investment opportunity! Extensively remodeled on the interior in 2024, the home is currently tenant-occupied at $1,200 per month, providing immediate cash flow from day one with future upside through potential rent increases. The current tenant is up to date on rent, takes great care of the property, and would love to remain, offering added stability for the next owner. The home is professionally managed by a local property management company, giving buyers the option to continue management for a seamless transition or self-manage if preferred. Conveniently located on Detroit's west side with easy access to shopping, dining, major roadways, and public transportation, this is a solid, income-producing opportunity in Detroit's growing rental market. Subject to tenant's rights. Please do not disturb the tenant. No showings without an accepted offer. Photos were taken prior to tenant occupancy.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Bungalow
Year Built
1940
Living Area
1,100 sq ft
Lot Size
0.09 acres
Lot Dimensions
35X111
Days on Market
1
MLS® Listing#
20261053994
Property Features
Cooling
Heating
Basement
Pool
Parking
Construction
Foundation
Sewer
Water Source
Rooms
- Bedroom10 X 10
- Bedroom9 X 10
- Master Bathroom6 X 8
- Master Bedroom15 X 12Second
Financial Details
HOA
None
Annual Taxes
$5,575
Assessed Value
$30,826
Parcel Number
W22I038309S
Directions
SOUTH OF MCNICHOLS AND EAST OF HUBBELL
Affordability Calculator
$19,000
Estimated monthly payment
$506/mo
Principal $76,000 · Est. interest $106,027 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Detroit City, MI
- $232,490
- Median Listing Price
- 58
- Median Days on Market
- 1,485
- Median Sq Ft
- $135
- Median Price / Sq Ft
- 14,130
- Active Listings
- This home’s price is 59% below the area median.
- Its price per sq ft is 36% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Detroit City, MI.
Location
Points of Interest in Detroit City, MI
Showing the Detroit City area map.
Nearby Schools
Coleman A. Young Elementary School
Elementary · 0.3 mi away
A Philip Randolph Career and Technical Center
Secondary · 0.5 mi away
Jerry L White Center High School
Secondary · 0.6 mi away
Cornerstone Schools
School · 0.6 mi away
Foreign Language Immersion and Cultural Studies
Elementary · 0.6 mi away
Cooley High School
Secondary · 0.7 mi away
University Yes Academy
School · 0.9 mi away
Detroit Achievement Academy
School · 0.9 mi away
Martin Luther King Junior Education Center Academy
Elementary · 0.9 mi away
Academy of Detroit-West
School · 1.2 mi away
Burns Elementary School
Elementary · 1.2 mi away
Detroit Public Schools
Secondary · 1.2 mi away
Communication & Media Arts High School
Secondary · 1.2 mi away
Loyola High School
Secondary · 1.2 mi away
For Kids' Sake Montessori
Elementary · 1.3 mi away
Rutherford Winans Academy
School · 1.4 mi away
David Ellis Academy
School · 1.4 mi away
Sugar 'n Spice Kinderworld
Elementary · 1.4 mi away
Mumford High School
Secondary · 1.5 mi away
Edison Elementary School
Elementary · 1.5 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 15889 Bramell Street, Detroit City, MI | $66,858 | 3 | 1 | 909 |
| 19790 Lahser Road, Detroit City, MI | $67,000 | 3 | 1 | 950 |
| 11540 WAYBURN Street, Detroit City, MI | $67,000 | 3 | 1 | 845 |
| 199 Massachusetts Street, Highland Park City, MI | $67,000 | 4 | 1 | 1,439 |
| 12713 PAYTON Street, Detroit City, MI | $67,000 | 2 | 1 | 1,040 |
| 958 N Chevrolet Avenue, Flint City, MI | $67,000 | 3 | 1 | 1,076 |
Moving Cost Estimate
EXIT Agents in Detroit City
Listing Courtesy: Real Broker, LLC Troy - 5172003245
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