16887 Cheyenne St, Detroit, MI 48235

$149,000 Asking Price

4 beds
2 baths
1,378  sqft
Built in 1940

**Turnkey Investment Opportunity – Tenant Occupied, Fully Updated 3 Bed/2 Bath Home** Looking for a hassle-free investment? Look no further! This beautifully updated 3-bedroom, 2-bathroom home offers a solid return with a current tenant in place, generating $1,344 per month in rental income. The home has been fully updated with contemporary finishes, offering a sleek and stylish living space. Expanding the living area, the finished basement adds extra value and versatility to this property. This is a turnkey investment that requires minimal effort on your part. With a reliable tenant already in place, you can start earning income immediately. Property showings will be available the week of September 9, 2024. However, due to tenant occupancy, showings will be prioritized for those who submit an offer. Don’t miss out on this incredible opportunity—submit your offer today to secure a showing! More photos are coming soon—stay tuned!


Features & Amenities

Interior

Basement:
Unfinished
Heating:
Natural Gas, Forced Air
Fireplace:
LivRoom Fireplace, Fireplace

Exterior

General:
Brick, Deck,Porch
Style:
Bungalow

Construction

General:
1 1/2 Story, Basement

Location

Road/Access:
Paved Street
Originating MLS:
RealComp
School District:
Detroit City School District
County:
Wayne

Lot

Zoning:
W CHEYENNE 157 SCHWASS COLLEGE PARK SUB L56 P12 PLATS, W C R 22/308 38 X 107, W22I026032S

Utilities

Water:
Public Water
Sewer:
Public Sanitary

Financial

Source:
RealComp

This listing courtesy of:
Century 21 Curran & Oberski, Martin Hill

About Detroit, MI

Housing

Number of Units
292,561
Median Home Value
$70,234
Median Rent
$679

53.65% of housing units are renter occupied.

18.25% are vacant.

Commute

Car
71.17%
Public Transportation
5.99%
Walk to Work
3.15%
Work from Home
17.73%
Other
1.42%

The median travel time to work is 23 minutes.

People

Population
593,210
Median Age
36.40
Median Household Size
2.38

Education

High School
33.32%
Associate’s Degree
7.33%
Bachelor’s Degree
9.43%
Graduate Degree
6.96%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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