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+15868545396
Community Choice Realty
16194 Princeton Street, Detroit, MI 48221 3142
- $160,000
- 4
- BD
- 2
- BA
- 2,132
- SqFt
- Sold Price
- $160,000
- List Price
- $168,000
- Status
- CLOSED
- MLS#
- 60973097
- Days on Market
- 5
- Style
- Colonial
- Year Built
- 1927
- Closing Date
- Apr 09, 2026
- Bedrooms
- 4
- Bathrooms
- 2
- Acres
- 0.09
- Living Area
- 2,132
- Municipality
- Detroit
- Region
- Detroit
- Township
- Detroit
- Subdivision
- Martin Park
Property Description
Investor Special with NEZ Tax Incentives! Ready for the right visionary, this Multi-family offers the perfect canvas for simple updates or a full value-add project. A recent appraisal shows an ARV of $300,000, making this a strong opportunity for anyone looking to capture instant equity. Whether you're planning a fix and flip or adding to your rental portfolio, the numbers make sense - recent rental income was $2,200/month, offering solid cash-flow in the highly desirable neighborhood of Martin Park. Rental demand in the area is strong, making this an ideal option for investors seeking steady, reliable returns. Featuring generous room sizes, a functional layout, and plenty of charm, this home can easily shine again. Bring your contractor and your imagination - the upside is undeniable. Seller offering a $5,000 Credit towards NEW Windows. Don't miss your chance to own this cash flowing asset! Centrally located with easy access to Ferndale, Royal Oak, Downtown Detroit and major freeways.
Additional Information
- Lot Dimensions
- 35 x 112
- Heating
- Natural Gas, Forced Air
- Basement
- Yes
- Basement Description
- Unfinished
- Appliances
- Dryer, Microwave, Range/Oven, Gas Water Heater
- Exterior Features
- Balcony
- Foundation
- Basement
- Water
- Public
- School District
- Detroit City School District
Mortgage Calculator
Listing Courtesy of Good Company, Office Phone: 248-733-5811
Selling Office: Real Broker, LLC.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.