$125,000 for Sale
16240 saint marys street, detroit, MI 48235
| Beds 3 | Baths 2 | 1,000 Sqft | 0.11 Acres |
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Property Description
Excellent investment opportunity! This updated 3-bedroom, 1.5-bath home features a finished basement and a 1-car garage, offering solid functionality and appeal. The property is being sold subject to an existing lease with a long-term Section 8 tenant in place at $1,300/month, generating $15,600 in annual rental income. Ideal for investors seeking dependable, government-backed rental payments and immediate cash flow. A turnkey addition to any rental portfolio.
General Information
Sale Price: $125,000
Price/SqFt: $125
Status: Active
MLS#: rcomi20250024186
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: greenfield acres sub (plats)
Acres: 0.11
Lot Dimensions: 45.00 x 105.00
Bedrooms:3
Bathrooms:2 (1 full, 1 half)
House Size: 1,000 sq.ft.
Acreage: 0.11 est.
Year Built: 1941
Property Type: Single Family
Style: Ranch
Features & Room Sizes
Bedroom 1:
Bedroom 2 :
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Paved Road: Paved
Garage: 1.5 Car
Garage Description: Detached
Construction: Brick
Exterior: Brick
Basement: Yes
Basement Description: Finished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $1,185
Est. Winter Taxes: $111
Legal Description: E ST MARYS S 45 FT OF N 85 FT 150 LYG S OF & ADJ FLORENCE AVE & E OF & ADJ ST MARYS AVE AS WD GREENFIELD ACRES SUB L32 P17 PLATS, W C R 22/9 45 X 104.97A
IDX provided courtesy of Realcomp II Ltd. via Prestige Real Estate Group and Realcomp II Ltd, ©2025 Realcomp II Ltd. Shareholders
Listing By: Anthony J Trucano of Keller Williams Paint Creek, Phone: (248) 609-8000
