Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
3 Beds
1 Bath
1,123 sqft

$100,000

16242 Cheyenne Street, Detroit MI, 48235 4292

Price per sqft$89.05
Built in1929
Property size1,123 sqft
Property typeResidential

Overview

Active

Listed Oct 8, 2026

Updated 6 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
61036445

Interior Features

Bedrooms
3
Bathrooms
1
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.08 Acres

Other Property Details

Taxes
$2,749
Tax Frequency
Annually
Pets Allowed
Yes

Also listed on REALCOMP

MLS provider logo

Listed by Taylor Johnson with Keller Williams Advantage
Listing Contact: 313-333-5324 

Based on information originating from the MiRealSource as of 10/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 MiRealSource all rights reserved.

Data last updated on 10/12/2026 at 10:51 PM UTC

Powered by Luxury Presence