16242 Cheyenne Street, Detroit, Michigan
$100,000
3
Beds
1
Bath
1,718
Square feet
0.08
Acres
About 16242 Cheyenne Street
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.
Features of 16242 Cheyenne Street
| MLS® # | 20261078802 |
|---|---|
| Price | $100,000 |
| Bedrooms | 3 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 1,718 |
| Acres | 0.08 |
| Year Built | 1929 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 16242 Cheyenne Street |
|---|---|
| Area | 05042 - Det 6-Tire - Grnfld - Livernois |
| Subdivision | MONNIER-PURITAN |
| City | Detroit |
| County | Wayne |
| State | Michigan |
| Zip Code | 48235 |
Amenities
| Utilities | Above Ground Utilities |
|---|---|
| Parking | No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Free-Standing Gas Range, Free-Standing Refrigerator |
|---|---|
| Heating | Forced Air, Natural Gas |
| Cooling | Ceiling Fan(s) |
| Fireplace | Yes |
| Fireplaces | Living Room |
Exterior
| Construction | Brick, Vinyl Siding |
|---|---|
| Foundation | Basement, Block |
School Information
| District | Detroit |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Advantage |
|---|---|
| Contact Info | info@youragenttaylor.com |