16194 Princeton Street, Detroit, MI 48221

$160,000
4
BD
2
BA
2,132
SqFt

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Sold Price
$160,000
List Price
$168,000
Closing Date
Apr 09, 2026
Days on Market
5
MLS#
20261013188
Status
SOLD
Type
Single Family Residential
Bedrooms
4
Bathrooms
2
Full-baths
2
Living Area
2,132

Property Description

Investor Special with NEZ Tax Incentives! Ready for the right visionary, this Multi-family offers the perfect canvas for simple updates or a full value-add project. A recent appraisal shows an ARV of $300,000, making this a strong opportunity for anyone looking to capture instant equity. Whether you're planning a fix and flip or adding to your rental portfolio, the numbers make sense — recent rental income was $2,200/month, offering solid cash-flow in the highly desirable neighborhood of Martin Park. Rental demand in the area is strong, making this an ideal option for investors seeking steady, reliable returns. Featuring generous room sizes, a functional layout, and plenty of charm, this home can easily shine again. Bring your contractor and your imagination — the upside is undeniable. Seller offering a $5,000 Credit towards NEW Windows. Don’t miss your chance to own this cash flowing asset! Centrally located with easy access to Ferndale, Royal Oak, Downtown Detroit and major freeways.

Additional Information

Taxes
$1,529
Acres
0.09
Appliances
Dryer, Microwave, Oven
Heating
Forced Air
School District
Detroit
Sewer
Public Sewer
Stories
2
Style
Colonial
Water
Public

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jim Shaffer from Listing Office: Good Company.

Selling Agent: Selling Office: .

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