16550 Freeland Street
Detroit, MI 48235
Map
- 3 beds
- 1 bath
- 1,150 sqft
- 4,356 sqft lot
- $126 per sqft
- 1941 build
- – on site
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.
Last checked:
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Last updated Jun 7, 2025
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MLS# 20251006293 —
The Building
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Year Built:1941
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New Construction:false
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Construction Materials:Block
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Architectural Style:Bungalow
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Levels:OneandOneHalf
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Entry Location:Ground Level w/Steps
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Basement:Full, Unfinished
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Basement:true
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Foundation Details:Basement, Poured
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Above Grade Finished Area:1150.0
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Below Grade Total Area:842
Interior
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Fireplace:false
Room Dimensions
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Living Area:1150.0
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Living Area Source:Estimated
Location
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Directions:S of MCNICOHLS, W of SCHAEFER
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Cross Street:S of MCNICOHLS, W of SCHAEFER
The Property
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Parcel Number:22035715
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Lot Size Acres:0.1
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Lot Size Dimensions:38X110
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Lot Size Units:Acres
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Road Frontage Feet:38
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (810) 908-6470
- Office phone:
- (810) 515-1503
Taxes
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Tax Legal Description:E FREELAND 807 & W 9 FT VAC ALLEY ADJ INGLEWOOD PARK SUB NO 5 L59 P71 PLATS, W C R 22/615 38 X 110
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Tax Assessed Value:31500
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Tax Annual Amount:2086.0
Beds
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Total Bedrooms:3
Baths
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Total Baths:1
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Full Baths:1
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:ForcedAir, NaturalGas
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Heating:true
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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High School District:Detroit
The Community
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Subdivision Name:INGLEWOOD PARK 5
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Senior Community:false
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Pool Features:None
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Waterfront:false
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Association:false
Parking
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Garage:true
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Garage Spaces:1.0
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Attached Garage:false
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Parking Features:OneCarGarage, Detached
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Monthly cost estimate
Asking price
$145,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$776
|
| Taxes | $173 |
| Insurance | $39 |
| Utilities | $155 See report |
| Total | $1,143/mo.* |
| *This is an estimate |
Air Pollution Index
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The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/7/25
Jun 7, 2025
|
Listed / Active | REALCOMP | $145,000 |
32% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $5k above asking price on average, but some went as high as $25k over asking price.
