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16242 Cheyenne St, Detroit, MI 48235

$100,000
3
BD
1
BA
1,718
SqFt
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List Price
$100,000
MLS#
20261078802
Status
ACTIVE
Bedrooms
3
Bathrooms
1
Total Square Footage
1,718
Subdivision
MONNIER-PURITAN
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Property Description

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.

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Additional Information

Year Built
1929
Basement Type
Full, Unfinished
Foundation
Basement, Block
Acres
0.08
Style
Colonial
Acres
0.08
School District
Detroit
Appliances
Gas Range, Refrigerator
Cooling
Ceiling Fan(s)
Heating
Forced Air, Natural Gas
Garage Description
None
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IDX provided courtesy of Realcomp II Ltd., via Prime Realty I and . Copyright 2026 Realcomp II Ltd. Shareholders. 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 and that the data is deemed reliable but not guaranteed accurate by the MLS.