$125,000 for Sale

16240 saint marys street, detroit, MI 48235

Beds 3

Baths 2

1,000 Sqft

0.11 Acres

1 of 9

Property Description

Excellent investment opportunity! This updated 3-bedroom, 1.5-bath home features a finished basement and a 1-car garage, offering solid functionality and appeal. The property is being sold subject to an existing lease with a long-term Section 8 tenant in place at $1,300/month, generating $15,600 in annual rental income. Ideal for investors seeking dependable, government-backed rental payments and immediate cash flow. A turnkey addition to any rental portfolio.

General Information

Sale Price: $125,000

Price/SqFt: $125

Est. Payments: $821*

Get Prequalified

Check Mortgage Rates

Status: Active

MLS#: 20250024186

City: detroit

Post Office: detroit

Schools: detroit

County: Wayne

Subdivision: greenfield acres sub (plats)

Acres: 0.11

Lot Dimensions: 45.00 x 105.00

Bedrooms:3

Bathrooms:2 (1 full, 1 half)

House Size: 1,000 sq.ft.

Acreage: 0.11 est.

Year Built: 1941

Property Type: Single Family

Style: Ranch

Features & Room Sizes

Paved Road: Paved
Garage: 1.5 Car
Garage Description: Detached
Construction: Brick
Exterior: Brick

Basement: Yes
Basement Description: Finished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Public Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)

Tax, Fees & Legal

Home warranty: No
Est. Summer Taxes: $1,185
Est. Winter Taxes: $111

HOA fees: 0
Legal Description: E ST MARYS S 45 FT OF N 85 FT 150 LYG S OF & ADJ FLORENCE AVE & E OF & ADJ ST MARYS AVE AS WD GREENFIELD ACRES SUB L32 P17 PLATS, W C R 22/9 45 X 104.97A

Map

IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd, ©2025 Realcomp II Ltd. Shareholders Listing By: Anthony J Trucano of Keller Williams Paint Creek, Phone: (248) 609-8000

517-204-0489 Call Rodney Crain for more information about this property.

Ask me about this property

Listings Presented by:

Rodney Crain

Call:

517-204-0489

Office:

810-733-3435

This Single-Family Home located at

16240 saint marys street, detroit MI, 48235

is currently for sale. This property is listed for $125,000.

For Sale | $125,000 | 3 Bed, 2 Bath | 1,000 Sq Ft MLS ID rcomi20250024186

16240 saint marys street has 3 bedrooms, approximately 1,000 square feet. This home is in the detroit school district and has a lot size of 45.00 x 105.00 with 0.11 acres and was built in 1941. 16240 saint marys street is in detroit and in ZIP Code 48235 area.
If you have any question about this property or any others, please don't hesitate to contact me.