Russ Ravary

16194 Princeton Street, Detroit, MI 48221

$168,000.00
  • 16194 Princeton Street, Detroit, MI 48221 Main Photo

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Active
BEDS4 BATHS2 full SQUARE FEET2,132 MLS#20261013188
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONMartin Park SCHOOLDetroit

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.

Property Features

Property Type: Residential - Single Family
Basement: Unfinished
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Colonial
Lot Size: 0.09 Acres
Year Built: 1927

Amenities

Lighting

Appliances

Dryer
Free-Standing Electric Oven
Microwave

Feature Descriptions

Architecture: Colonial
Days on Site: 10
Exterior: Brick, Wood
Foundation: Basement
Frontage Feet: 35
Lot Dimensions: 0.09 Acre(s)
Road Frontage: Paved
Summer Tax: $1395.0000
Water Heater: Natural Gas
Winter Tax: $134.0000

Local Schools

School District: Detroit

Listed By / Shown By

Listed By

Agency Name: Good Company
Agency Phone: (248) 733-5811

Shown By

Agent Name: Russ Ravary Relocating to Michigan
Agent Phone: (248) 310-6239

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Estimated Payment

$ 754.15 per month $705.15 Principal & Interest $0.00 Property Tax (data not provided by mls) $49.00 Homeowner's Insurance

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