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3 Beds
1 Bath
1,718 sqft

$100,000

16242 Cheyenne Street, Detroit City Wayne Michigan, 48235

Price per sqft$58.21
Built in1929
Property size1,718 sqft
Property typeResidential

Overview

Active

Listed Oct 8, 2026

Updated 3 days ago

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.

$665/mo

Est. mortgage payment based on a $100,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20261078802

Interior Features

Bedrooms
3
Bathrooms
1
Fireplace
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.08 Acres

Other Property Details

Taxes
$2,749
Tax Frequency
Annually
Pets Allowed
Yes
55+/Senior Community
No

 

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Provided through IDX through Realcomp II LTD
Originating MLS:
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Data last updated 3:24 AM UTC, 10/9/2026

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