About This Home

This 3-bedroom, 1-bathroom single family at 16242 Cheyenne Street in Detroit, MI is listed for $100,000 ($89 per sqft). Built in 1929, the home offers 1,123 sqft of living space on a 0.08 acres lot.

Key Features

  • Built in 1929
  • 0.08 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
1 full
1929

Amenities

Fireplace
Listing Description

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.

Monthly Cost Estimate

$535/mo

20% down · 6.5% · 30 years

Principal$72
Interest$433
Insurance$29

Estimates only. Actual payments may vary.

Location

16242 Cheyenne Street

Detroit, MI 48235

Monnier-Puritan

Features & Amenities

Exterior Features

Fenced

Property Details

Construction

Brick Vinyl

Heating

Forced Air

Cooling

Ceiling Fan(s)

Appliances

Free-Standing Gas RangeFree-Standing Refrigerator

Questions & Answers

This 3-bedroom, 1-bathroom single family at 16242 Cheyenne Street is listed at $100,000 ($89/sqft). The estimated monthly payment is $535 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1929, 0.08 acre lot, 2 stories, Fireplace. Exterior Features: Fenced.

This property is listed by Taylor Johnson.

TJ

Taylor Johnson

Agent at Keller Williams Realty Novi Market Center

Listed by Keller Williams Realty Novi Market Center · Broker phone: (248) 380-8800 · View on Broker Site · Broker website

MLS# 20261078802· Source: Realcomp Limited II· 25 days on PropertySimple

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

16242 Cheyenne Street, Detroit, MI 48235

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