16570 Tracey ST , Detroit, MI 48235
Est. $879/mo with current taxes · · See the breakdown
About this home
Turnkey investment opportunity in a growing west side neighborhood! This all-brick bungalow is an excellent addition to an investor’s portfolio, with rental income already in place. Updated in 2025 with fresh paint, refinished hardwood floors, new kitchen cabinets, and more. Currently rented at $1,300 per month with potential for future rent growth. The home is well maintained by the current tenant, who would like to continue renting, making this an appealing opportunity for an investor seeking an established rental. Professional management is already in place, with the option to continue with the current company, transfer to another provider, or self-manage to reduce expenses and increase cash flow. Tenant occupied, no showings without an accepted offer. Lease and rent roll available upon accepted offer.
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 64.18 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $90,000 |
| Beds | 3 |
| Baths | 1 full |
| Square feet | 1,083 |
| Type | Single family residence |
| Subdivision | COLLEGE GROVE SUB |
| County | Wayne |
| MLS # | 20261088181 |
| Listed | 2026-10-31 |
| Days on market | 0 |
| Year built | 1940 |
| Possession | Subject to tenant's rights |
| Stories | 1.5 stories |
| Basement | Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Poured |
| Water / Sewer | City water & sewer |
| Parcel number | W22I031393S |
| Listing office | Good Company |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $46,400 | about $45,000 |
| Yearly property tax | $1,555 | about $2,888 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $1,333 a year more than this seller pays. The assessor's state equalized value (SEV) is $46,400. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Detroit's 2025 homestead rate of 64.18 mills and assumes you claim the homestead exemption. See Detroit's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-01T00:11+00:00; refreshed at least twice daily.