16194 Princeton Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48221 3142
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,132 sqft
Price per Sqft $78
Subdivision Martin Park
MLS Listing ID 60953812
Style 2 Story
Bedrooms 4
Full Baths 2
Abv Grd Liv Area 2,132
Year Built 1927
Annual Tax Amount $1,529
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35X112
Property Sub-Type Single Family
Property Description
Contact LISTING AGENT to schedule a tour. Investor Special with NEZ Tax Incentives! Ready for the right visionary, this Multi-family offers the perfect canvas for simple updates or a full value-add project. A recent appraisal shows an ARV of $300,000, making this a strong opportunity for anyone looking to capture instant equity. Whether you're planning a fix and flip or adding to your rental portfolio, the numbers make sense - recent rental income was $2,200/month, offering solid cash-flow in the highly desirable neighborhood of Martin Park. Rental demand in the area is strong, making this an ideal option for investors seeking steady, reliable returns. Featuring generous room sizes, a functional layout, and plenty of charm, this home can easily shine again. Bring your contractor and your imagination - the upside is undeniable. Seller offering a $5,000 Credit towards NEW Windows. Don't miss your chance to own this cash flowing asset! Centrally located with easy access to Ferndale, Royal Oak, Downtown Detroit and major freeways.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Unfinished
Interior
Hot Water Gas
Heating Forced Air
Appliance Dryer,Microwave,Range/Oven
Exterior
Garage No
Building
Story 2 Story
Foundation Basement
Water Public Water
Architectural Style Colonial
Structure Type Brick,Wood
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA