16194 Princeton Street, Detroit, MI 48221

• 4 beds |
• 2 baths |
• 2,132 sqft

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.

Listing Status:

Active

Listing Office:

Good Company : 2487335811

Listing Agent:

Jim Shaffer : 2488343030

MLS ID:

20251054565

Interior

• Appliances: DryerFree standing electric ovenMicrowave
• Basement: Unfinished
• Heating: Forced airNatural gas

Exterior

• General: BalconyLighting
• Style: Colonial
• Other Structures: Porch
• Pool: None
• Parking: No garage

Construction

• General: BrickWood sidingTwoBasementBrick mortar

Location

• Road/Access: Paved
• Originating MLS: Realcomp II Ltd
• School District: Detroit
• County: Wayne

Lot

• Zoning: E PRINCETON 320 MARTIN PARK SUB L32 P44 PLATSW C R 12/247 35 X 112W12I011027S

Utilities

• Water: Public
• Sewer: Public sewer

Financial

• Source: Realcomp II Ltd

This listing courtesy of Jim Shaffer, Good Company