$1,721 Closing Credit¹
#20250024240, Jennifer Hemstrom, Listing office: Thrive Realty Company
$145,000 List price
16550 Freeland St Detroit, MI 48235
$1,722
Closing credit¹
3 beds
1 full
1,150 sqft
0.10 acres
$126 / sqft
House
Property details
About 16550 Freeland St
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.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
Size1,150 sqft
BasementYes
Lot size0.1 Acres
Year built1941
ParkingOne Car Garage, Detached
MLS #20251006293
Garage1 space
Summary
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 3
- Garage Space: 1 space
- Attached Garage: No
- Parking: One Car Garage, Detached
- Architectural Style: Bungalow
- Heating: Forced Air, Natural Gas
- List Price: $145,000
- Price/SqFt: $126
- Annual Tax Amount: $1,199
- Tax Year: 2024
- Directions: S of MCNICOHLS, W of SCHAEFER
- Year Built: 1941
- Living Area: 1,150 SqFt
- Lot Size: 0.1 Acres
- MLS Number: 20251006293
- MLS Name: Realcomp II Ltd
- Office Name: Keller Williams First
- Office Phone: (810) 515-1503
- Listing Agent: Anuj Chand
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.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
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: 6/12/2025, 6:45:41 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$145,000
16550 Freeland St
$1,722
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $31,500 | $1,199 |
| 2023 | $25,500 | $1,199 |
| 2022 | $22,900 | $1,264 |
| 2021 | $17,600 | $1,264 |
| 2020 | $15,500 | $1,199 |
| 2018 | $11,100 | $1,199 |
| 2017 | $10,900 | $1,196 |
History based on county public records data.
Nearby schools
1
Coleman A. Young Elementary School
Public District PK-5
0.5 mi
•15771 Hubbell St
3
Edison Elementary School
Public District PK-5
1.7 mi
•17045 Grand River Ave
3
Bagley Elementary School of Journalism and Technology
Public District PK-6
1.9 mi
•8100 Curtis St
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 $42,653. Most Detroit, MI residents have annual incomes less than $<35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
43%
<35k
39%
35k-100k
18%
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?
45%
Single, No Kids
27%
Single, with Kids
19%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
10%
12-17 yrs old
19%
18-34 yrs old
40%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
White Castle
Little Caesars
Jack In The Box
What do the neighbors drive?
Kia
Dodge
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 16550 Freeland St
The listing price of 16550 Freeland St property is $145,000.
The property 16550 Freeland St is a house located in Detroit, Michigan, 48235.
Active Listing: 16550 Freeland St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 16550 Freeland St are: Coleman A. Young Elementary School (GreatSchools Rating 1/10), Edison Elementary School (GreatSchools Rating 3/10), Bagley Elementary School of Journalism and Technology (GreatSchools Rating 3/10), John R. King Academic and Performing Arts Academy (GreatSchools Rating 1/10), Foreign Language Immersion and Cultural Studies (GreatSchools Rating 4/10), Martin Luther King Jr Education Center Academy (GreatSchools Rating 3/10), Renaissance High School (GreatSchools Rating 9/10), University Yes Academy (GreatSchools Rating 1/10), Mumford High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $1,199 (source: MLS/based on county public records data).
The property at 16550 Freeland St has 3 bedrooms and 1 bathroom.
The property 16550 Freeland St is 1,150 SqFt (source: MLS/tax record).
The year of construction for 16550 Freeland St is 1941.
This home is located at 16550 Freeland St in Detroit, MI and zip code 48235 in the Upper West neighborhood. This 1,150 square foot home, which was built in 1941, sits on a 0.10 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 7, 2025 and is currently priced at $145,000.
Over 85 listings were sold over their listed price in May 2025 in Detroit, MI. In the same period over 169 listings were sold below the listed price and 74 listings were sold for the listed price. The number of homes for sale in Detroit, MI increased by 12.1% between April and May 2025. While the average time on the market in May 2025 was 48 days, the median list price was $90,022.
From Rocket Homes Real Estate and based on county public records data.