16191 FERGUSON Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48235
Key Details
Property Type Single Family Home
Sub Type Ranch
Listing Status Active
Purchase Type For Sale
Square Footage 1,071 sqft
Price per Sqft $83
Subdivision B E Taylors Rainbow Sub ( Plats)
MLS Listing ID 20250034465
Style Ranch
Bedrooms 3
Full Baths 1
Year Built 1947
Annual Tax Amount $2,129
Lot Size 4,356 Sqft
Property Sub-Type Ranch
Property Description
Classic charm meets reliable investment potential in this solid 1947 brick home located at 16191 Ferguson St. Currently leased to a dependable Section 8 tenant at $1,100/month—with consistent, on-time payments and strong potential for increased market rent—this property offers immediate cash flow for investors. The home features a practical 3-bedroom, 1-bath layout with a warm and inviting fireplace, forced-air heating, and a partially finished basement perfect for additional living space, a home office, or gym.
Additional highlights include an attached garage, fenced backyard for privacy, and a desirable location in Detroit's Crary neighborhood, just minutes from Grand River Avenue and major freeways. While formal renovation records are limited, the home includes durable brick construction, an asphalt roof reportedly in good condition, working kitchen appliances (included in the sale), and a finished basement section. Ideal for both owner-occupants and savvy investors looking for a turnkey opportunity with value-add potential.
Location
State MI
County Wayne
Area Det - Schcraft-6 Grnfld-Limits
Interior
Hot Water Natural Gas
Heating Forced Air
Exterior
Exterior Feature Fenced
Parking Features Direct Access,Door Opener,Attached
Garage Description 1 Car
Fence Back Yard,Fenced
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $250
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA