16242 Cheyenne StreetDetroit, MI 48235

About

This Home

INVESTMENT OPPORTUNITY IN HARMONY VILLAGE! This well-maintained two-story Colonial, featuring a brick and vinyl siding exterior, offers an opportunity for an investor looking for an income-producing property with property management already in place. The property is currently tenant occupied on a month-to-month lease agreement, with the tenant preference to stay. Current rental income is $1,250 per month, and managed by a professional property management company. Located in Harmony Village, north of Puritan and west of Meyers, the property is conveniently situated near Renaissance High School, Cornerstone Adams-Young Elementary, DMC Sinai-Grace Hospital, shopping, dining, transportation, and other everyday conveniences. Recent improvements completed in 2025 included: renovated kitchen and bathroom and replacement of the main sewer line with a backflow preventer. The property is rent-ready and move-in ready, offering the opportunity to purchase a turnkey investment.

Details

Property Type

Residential

Style

Single Family Residence

Year Built

1929

Lot Size

0.08 acres

Garage Spaces

0

Heating

Forced Air, Natural Gas

Cooling

None, Ceiling Fan(s)

Basement

Full, Unfinished

Annual Taxes

$2,749

MLS #

20261078802

Gallery