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About the Listing 108345 - RC424939
Opportunity knocks in one of Detroit's most actively revitalized corridors. This 3-bedroom, 1.5-bath home in the Fitzgerald neighborhood offers a great opportunity for a first time home buyer and a proven rental history for a savvy investor. This property has rented for $1,300+ /month since 2022 and with light touches can command even more today. Delivering 10% + cash on cash returns at a sub $100K acquisition price. The home was updated in recent years, giving the next owner a head start with key improvements already in place. A few minor finishing touches are all that stand between this property maximizing its full potential. What truly sets this listing apart is its location. The Fitzgerald neighborhood has been the focus of a major city led revitalization effort backed by the City of Detroit, the Kresge Foundation, Knight Foundation, and other major partners all investing in improving infrastructure, green space, and housing stock in this very area. The newly created Ella Fitzgerald Park and community murals are already transforming the neighborhood's look and feel, and Fitzgerald is recognized as one of Detroit's most affordable neighborhoods with a strong mix of long-time residents and newcomers. This is exactly the kind of stable, in-demand rental base investors want. The math works. The neighborhood is moving. Don't miss your window.
Listing Highlights
Status
Active
Days on Site
30
Property Type
Residential
MLS ®
60995066
Year Built
1926
Total Square Footage
1,456
Lot/Acreage
0.09
County
Wayne
Neighborhood
Addison Heights
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full / 1 Half
- Appliances: Range/Oven, Refrigerator
- Air Cond: Ceiling Fan(s)
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1456
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: 2 car
- Lot Dimensions: 35X111
- Roof:
- Others:
- Sewer:
- Parking Features: Detached Garage
Financial Details
- Tax Amount: $3,943
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Questions About..
16171 Santa Rosa Detroit, MI 48221
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