14110 Fairmount Dr, Detroit, MI 48205

$75,000 Asking Price

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:
Unfinished
Heating:
Natural Gas, Forced Air

Exterior

General:
Brick
Style:
Colonial

Construction

General:
2 Story, Basement

Location

Road/Access:
Paved Street
Originating MLS:
RealComp
School District:
Detroit City School District
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 Water,Public Water at Street
Sewer:
Public Sanitary,Public At Street

Financial

Source:
RealComp

This listing courtesy of:
Zest Realty LLC, Timothy Moore

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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