$99,900 for Sale
16171 santa rosa drive,
detroit,
MI
48221
| Beds 3 | Baths 2 | 1,456 Sqft | 0.09 Acres |
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Property Description
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.
General Information
Sale Price: $99,900
Price/SqFt: $69
Status: Active
MLS#: 60995066
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: addison heights
Acres: 0.09
Lot Dimen: 35X111
Bedrooms:3
Bathrooms:2 (1 full, 1 half)
House Size: 1,456 sq.ft.
Acreage: 0.09 est.
Year Built: 1926
Property Type: Single Family
Style: Colonial
Features & Room Sizes
Bedroom 1: 10x10
Bedroom 2: 11x11
Bedroom 3: 15x10
Bedroom 4:
Family Room:
Greatroom:
Dining Room:
Kitchen:
Livingroom:
Pole Buildings:
Paved Road: Paved Street
Garage: 2
Garage Description: Detached Garage
Exterior: Brick,Vinyl Siding
Basement: Yes
Basement Description: Unfinished
Foundation: Basement
Appliances: Range/Oven,Refrigerator
Cooling: Ceiling Fan(s)
Heating: Forced Air
Fuel: Natural Gas
Watersource: Public Water
Tax, Fees & Legal
Est. Summer Taxes: $3,840
Est. Winter Taxes: $103
HOA fees:
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Listing By: Edgar Butler of @properties Christie's Int'l R.E. Birmingham, Phone: 248-850-8632
