Classic charm meets reliable investment potential in this solid 1947 brick home located at 16191 Ferguson St. Currently leased to a dependable Section 8 tenant at $1,100/month—with consistent, on-time payments and strong potential for increased market rent—this property offers immediate cash flow for investors. The home features a practical 3-bedroom, 1-bath layout with a warm and inviting fireplace, forced-air heating, and a partially finished basement perfect for additional living space, a home office, or gym.
Additional highlights include an attached garage, fenced backyard for privacy, and a desirable location in Detroit’s Crary neighborhood, just minutes from Grand River Avenue and major freeways. While formal renovation records are limited, the home includes durable brick construction, an asphalt roof reportedly in good condition, working kitchen appliances (included in the sale), and a finished basement section. Ideal for both owner-occupants and savvy investors looking for a turnkey opportunity with value-add potential.
Additional highlights include an attached garage, fenced backyard for privacy, and a desirable location in Detroit’s Crary neighborhood, just minutes from Grand River Avenue and major freeways. While formal renovation records are limited, the home includes durable brick construction, an asphalt roof reportedly in good condition, working kitchen appliances (included in the sale), and a finished basement section. Ideal for both owner-occupants and savvy investors looking for a turnkey opportunity with value-add potential.
Property Details
Price:
$89,900
MLS #:
20250034465
Status:
Active
Beds:
3
Baths:
1
Address:
16191 FERGUSON ST
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
B E TAYLORS RAINBOW SUB PLATS
Neighborhood:
05033 – Det – Schcraft-6 Grnfld-Limits
City:
Detroit
Listed Date:
Jun 9, 2025
State:
MI
Finished Sq Ft:
1,071
ZIP:
48235
Lot Size:
4,356 sqft / 0.10 acres (approx)
Year Built:
1947
See this Listing
Meet Andrea Stephan, an accomplished real estate professional with industry experience and a heart dedicated to service. With a background in education, Andrea began her journey as a former teacher, where her passion for nurturing others blossomed. Transitioning seamlessly into the business world, Andrea played a pivotal role in building a property management company from the ground up. Her relentless dedication and innate ability to connect with others have been instrumental to her success. C…
More About AndreaMortgage Calculator
Schools
School District:
Detroit
Interior
Bathrooms
1 Full Bathroom
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Ranch
Construction Materials
Brick
Parking Features
One Car Garage, Attached, Direct Access, Garage Door Opener
Roof
Asphalt
Financial
Taxes
$2,129
Map
Community
- Address16191 FERGUSON ST Detroit MI
- SubdivisionB E TAYLORS RAINBOW SUB ( PLATS)
- CityDetroit
- CountyWayne
- Zip Code48235
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