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Listing view 2

16550 Freeland, 
Detroit, MI

$145,000


3

Beds


1

Bath


1,150

Sq Ft


Single Family

Active

Listed by

Anuj Chand

Keller Williams First

810-515-1503

Last updated:

June 13, 2025, 10:16 AM

MLS#

60401451

Source:

MI REALSOURCE

About This Home

16550 Freeland

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.

Home Facts

Single Family

1 Bath

3 Bedrooms

Built in 1941

Price Summary

145,000

$126 per Sq. Ft.

MLS #:

60401451

Last Updated:

June 13, 2025, 10:16 AM

Added:

8 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,150 Sq. Ft.


Structure

Structure

Architectural Style:

Bungalow

Building Area:

1,150 Sq. Ft.

Year Built:

1941


Lot

Lot Size (Sq. Ft):

4,356


Finances & Disclosures

Finances

Price:

$145,000

Price per Sq. Ft:

$126 per Sq. Ft.

Source:MI REALSOURCE
The information being provided by MiRealSource, Inc. is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 MiRealSource, Inc. All rights reserved.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.