16171 Santa Rosa Drive, Detroit, MI 48221 3047
- $83,500
- 3
- BD
- 2
- BA
- 1,456
- SqFt
- List Price
- $83,500
- Status
- ACTIVE
- MLS#
- 60995066
- Days on Market
- 74
- Style
- Colonial
- Year Built
- 1926
- Price Change
- ▼ $6,400 1784848882
- Bedrooms
- 3
- Bathrooms
- 1
- Half baths
- 1
- Acres
- 0.09
- Living Area
- 1,456
- Municipality
- Detroit
- Region
- Detroit
- Township
- Detroit
- Subdivision
- Addison Heights
Property Description
Best deal in all of 48221, Back on Market due to no fault of sellers or home! 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.
Additional Information
- Lot Dimensions
- 35 x 111
- Heating
- Natural Gas, Forced Air
- Cooling
- Ceiling Fan(s)
- Basement
- Yes
- Basement Description
- Unfinished
- Appliances
- Range/Oven, Refrigerator, Gas Water Heater
- Foundation
- Basement
- Water
- Public
- Garage Spaces
- 2
- School District
- Detroit City School District
Mortgage Calculator
Listing Courtesy of @properties Christie's Int'l R.E. Birmingham, Office Phone: 248-850-8632
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.