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14110 FAIRMOUNT Drive, Detroit, MI 48205
$75,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
1
bath
1,522
sqft
Built in
1931
Investors Dream: Tenanted Property with Stable Long-Term Income Welcome to 14110 Fairmount, a solid 3-bedroom, 1-bath brick colonial nestled in Detroit's Regent Park neighborhood. This property is a turnkey investment opportunity, featuring a long-term tenant paying $1,100/month with a lease in place until December 31, 2025. With an exceptional tenant of 10 years who desires to stay, this is a hassle-free addition to your portfolio. Property Highlights: Brick Colonial Charm: Timeless curb appeal with a durable brick exterior and classic architectural features. Spacious Layout: Enjoy a functional floor plan with 3 bedrooms, including a large primary bedroom, and a welcoming living room. Recent Updates: Features include central air, newer carpeting throughout, and modernized windows for added comfort and efficiency. Two-Car Garage: Detached garage with updated doors, offering ample parking and storage. Outdoor Space: A wide driveway and fenced backyard provide additional convenience and privacy. Location Perks: Conveniently located near amenities like Meijer Grocery, Eastland Center, Regent Park Early Learning Center, and public transit for seamless connectivity. With easy access to I-94, commuting to downtown Detroit or nearby suburbs is a breeze. Don’t miss out on this stable, cash-flowing property with a reliable long-term tenant. Perfect for investors looking for long-term security and an opportunity to grow their portfolio.
Features & Amenities
Interior
- Basement:
- Full, Unfinished
- Heating:
- Forced air, Natural gas
Exterior
- Style:
- Colonial
- Pool:
- None
- Parking:
- Two car garage, Detached
Construction
- General:
- Brick, Two, Basement, Block, Brick mortar
Location
- Road/Access:
- Paved
- Originating MLS:
- Realcomp II Ltd
- School District:
- Detroit
- County:
- Wayne
Lot
- Zoning:
- S FAIRMOUNT DR 1522 AND N 9 FT OF VAC ALLEY ADJ DRENNAN & SELDONS REGENT PARK SUB NO 3 L59 P88 PLATS, W C R 21/944 40 X 138, W21I025270S
Utilities
- Water:
- Public, Waterat street
- Sewer:
- Public sewer, Sewer at street
Financial
- Source:
- Realcomp II Ltd
This listing courtesy of:
Zest Realty LLC, Timothy Moore
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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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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