16243 FAIRFIELD Street Detroit, MI ^$ 180,000

16243 FAIRFIELD Street

^$ 180,000

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16243 FAIRFIELD Street

Detroit, MI, 48221

^$ 180,000

Studio Baths3.1 Sq 2,700

Monthly Estimate*

^$ 1,257

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Studio

Multi-Family Home for sale in Detroit, MI

for $180,000 with 3 full baths, 1 half bath. This 2,700 square foot home was built in 1926 on a lot size of 0.1.

Welcome to 16241 -16243 Fairfield right next door to the University of Detroit- Mercy; the #1 Catholic College in Michigan. This beautiful brick duplex has 3 bedrooms and 1 bath in each unit. Each unit has access to a private off street garage and a halved basement for laundry and storage. 2 brand new boilers were installed this winter. Currently generating $1,550/month in rent, however market rent in this area is closer to $2,200/month. This would be a great option for Students, House hackers, or someone looking to generate rental income.

Multi-Family Pending

Price

^$ 180,000

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 2,364

Style

Colonial

Lot Size

0.1

Year Built

1926

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60305151

Features

General

Heating Baseboard Hot Water

Possession Negotiable (Possession)

Water Public Water

Status Pending Pending

Full Baths 3

Half Baths 1

Bathrooms 4

Year Built 1926

Parking Garage

Subdivision ZOOLOGICAL PARK MI

Style Colonial

County Wayne

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Private

Municipality Detroit

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions Behind Callahan Hall East of Livernois south of McNichols north of Puritan

City Detroit

School District Detroit City School District

Street Name FAIRFIELD

Financial Terms Cash Conventional FHA

Legal Description W FAIRFIELD 67 ZOOLOGICAL PARK SUB L33 P75 PLATS W C R 12/249 35 X 130

DOM 9

Postal Code 48221

Price Per Sq Ft 66.67

Coming Soon

Interior

Basement Partially Finished

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 0

Lot Size Area 0.1

Lot Dimensions 35.00 x 130.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Matthew Bush

Listing Agent

Re/Max First

Broker

matthewjbush11@gmail.com

Affordability Calculator

$1,454

Per Month

Monthly Principal & Interest: $1,257
Monthly Property Taxes: $197
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$222,786

Percent of Sale Price 24%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/3/2024	$180,000		Listed Price

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16243 FAIRFIELD Street, Detroit, MI, 48221 is a Multi-Family Home for sale at $180,000 with 2,700 sqft and a lot size of 0.1. 16243 FAIRFIELD Street is a studio with 3.1 baths and was built in 1926. The property's zip code is 48221 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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16243 FAIRFIELD Street

Multi-Family Home for sale in Detroit, MI

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