#50179452, Anthony Raffin, Listing office: RE/MAX First
$45,000 List price
16044 Fairmount Dr Detroit, MI 48205
2 beds
1 full
904 sqft
0.10 acres
$50 / sqft
House
Property details
About 16044 Fairmount Dr
Cash-Flowing Investment Property in Detroit - Tenant Occupied! Great opportunity for investors! Located on a quiet, residential street in the heart of Detroit, this tenant-occupied, cash-flowing property is a smart addition to any rental portfolio. Features: Long-term tenant in place for 14 years ,Excellent payment history - currently paying $770/month, Reliable monthly rental income from day one, Potential for value-add improvements to increase equity and returns.With strong rental demand in the area and a stable tenant already in place, this home offers immediate income and long-term potential. Whether you're a seasoned investor or just starting out, this property is a solid pick for building wealth through real estate.Prime Detroit location \ Investor special \ Turnkey opportunity
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
Size904 sqft
BasementYes
Lot size0.1 Acres
Year built1942
MLS #81025020135
Summary
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 2
- Architectural Style: Bungalow
- Heating: Forced Air, Natural Gas
- List Price: $45,000
- Price/SqFt: $49
- Annual Tax Amount: $1,012
- Tax Year: 2024
- Directions: E of 8 Mile to Redmond St
- Year Built: 1942
- Stories: 1
- Living Area: 904 SqFt
- Lot Size: 0.1 Acres
- MLS Number: 81025020135
- MLS Name: Greater Metropolitan Association of REALTORS
- Office Name: Arterra Luxe Collection LLC
- Office Phone: (248) 733-5893
- Listing Agent: Kristina Khalifeh
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/9/2025, 7:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 07, 2022 | Home Sold | $26,000 |
| Feb 19, 2013 | Home Sold | $36,908 |
| Sep 27, 2012 | Home Sold | $28,786 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $26,100 | $1,012 |
| 2023 | $21,500 | $1,012 |
| 2022 | $16,600 | $547 |
| 2021 | $13,300 | $547 |
| 2020 | $11,500 | $963 |
| 2018 | $8,600 | $963 |
| 2017 | $8,200 | $959 |
History based on county public records data.
Nearby schools
1
Fisher Magnet Lower Academy
Public Magnet PK-5
0.4 mi
•15510 E State Fair St
1
Chandler Park Academy Elementary School
Public Charter PK-5
0.6 mi
•20200 Kelly Rd
2
Pleasantview Elementary School
Public District 3-5
1.0 mi
•16501 Toepfer Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $36,570. The most common annual income of people living in Detroit, MI is less than $<35k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
48%
<35k
46%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
41%
Single, No Kids
39%
Single, with Kids
9%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
16%
12-17 yrs old
26%
18-34 yrs old
33%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Foot Locker
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
White Castle
Jack In The Box
What do the neighbors drive?
Dodge
Kia
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 16044 Fairmount Dr
The listing price of 16044 Fairmount Dr property is $45,000.
The property 16044 Fairmount Dr is a house located in Detroit, Michigan, 48205.
Active Listing: 16044 Fairmount Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 16044 Fairmount Dr are: Fisher Magnet Lower Academy (GreatSchools Rating 1/10), Chandler Park Academy Elementary School (GreatSchools Rating 1/10), Pleasantview Elementary School (GreatSchools Rating 2/10), Chandler Park Academy Middle School (GreatSchools Rating 1/10), Regent Park Scholars Charter Academy (GreatSchools Rating 3/10), Fisher Magnet Upper Academy (GreatSchools Rating 1/10), Diploma Success Community School (GreatSchools Rating 1/10), Chandler Park Academy High School (GreatSchools Rating 3/10), Harper Woods High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $1,012 (source: MLS/based on county public records data).
The last sale was on February 7, 2022 for $26,000 (source: MLS/tax record).
The property at 16044 Fairmount Dr has 2 bedrooms and 1 bathroom.
The property 16044 Fairmount Dr is 904 SqFt (source: MLS/tax record).
The year of construction for 16044 Fairmount Dr is 1942.
This home is located at 16044 Fairmount Dr in Detroit, MI and zip code 48205 in the Regent Park neighborhood. This 904 square foot home, which was built in 1942, sits on a 0.10 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 7, 2025 and is currently priced at $45,000.
While more than 79 listings in Detroit, MI in June 2025 were sold above asking price, there were more than 74 listings sold at asking price, and more than 144 were sold below. In June 2025 in Detroit, MI there were 16.7% more homes for sale than in May. In June 2025, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $92,746.
From Rocket Homes Real Estate and based on county public records data.