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$125,000

Beds
3
Baths
1.5
sq ft
1,543

16574 Ward St, Detroit, MI 48235

16574 Ward St

Detroit, MI 48235

  • 1 day on market
**** Calling Investors , this beautiful remodeled tenant occupied west Detroit home can be yours . Already generating $1400 monthly Sec 8 , this home pays for itself , not only keeping your cap rate above 10% , and offering no maintenance needed because the work has already been done for you . ** BATVAI all showings are subjected to tenants rights ,

Details

Property type

Single Family Residence

Est. home value

$74,337

Lot size

3,920 sq ft

Price per sq ft

$82

Year built

1929

Annual property taxes

$3,693

Price History

03/14/2025
Realcomp

Realcomp #20250017137

Listed
$125,000
+390.2%
01/11/2018
Realcomp

Realcomp #217097413

Sold
$25,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Central Lending Llc

Loan start date

May 2023

Original loan amount

$89,600

Est. remaining balance

$87,685

Interest rate

6.42%

Loan type

New Conventional, 30 year

Seller

Drm Property Investments Llc

Lender

Central Lending Llc

Loan start date

May 2023

Original loan amount

$89,600

Est. remaining balance

$87,685

Interest rate

6.42%

Loan type

New Conventional, 30 year

Seller

Drm Property Investments Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/15/2025 at 3:30 PM

Listing updated: 03/15/2025 at 5:24 AM

Listed by: Marliesha Darnell, EXP Realty Main Phone #: (888) 501-7085

MLS: Realcomp #20250017137

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