Description
The property currently generates $1,275/month in rental income, offering an investor the opportunity to purchase a tenant-occupied property with an established rental arrangement. Optionable lot Available - The adjacent lot at 16508 Lilac ST is also available for purchase for $6,500-The buyer has the option to purchase the lot separately or in addition tp 16502 Lilac St, providing an opportunity to acquire additional land next to the investment property.
Details
| MLS # | 26040806 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1928 |
| Days On Site | 66 |
| Listing Provided By | Worth Clark Realty | Priscilla Wade |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 3,049 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.07 |
Taxes
| Property | 3284 |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48221 |
| Community Name | The Garden Add |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in The Garden Add) | |
Price: $119,000 low | high Med: $119,000 sqft: 3,049 low | high Med: 3,049 $ / sqft: $39 low | high Med: $39 On site: 66 low | high Med: 66 | |
Market Activity 48221
Request a showing
Request a showing
Contact
Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48221 |
| Community Name | The Garden Add |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in The Garden Add) | |
Price: $119,000 low | high Med: $119,000 sqft: 3,049 low | high Med: 3,049 $ / sqft: $39 low | high Med: $39 On site: 66 low | high Med: 66 | |
Nearby Listings (Within 1/10 mile)
Price: $89K - $148K
sqft: 2,000 - 3,500
Listing Updated: October 10, 2026 at 8:58:00 AM PDT