16171 Santa Rosa DR, Detroit, MI 48221
16171 Santa Rosa DR, Detroit, MI 48221
16171 Santa Rosa DR, Detroit, MI 48221
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$89,900
Est. payment /mo
3 Beds
2 Baths
1,456 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type SingleFamilyResidence

Listing Status Active

Purchase Type For Sale

Square Footage 1,456 sqft

Price per Sqft $61

Subdivision Addison Heights

MLS Listing ID 20261036777

Style Colonial

Bedrooms 3

Full Baths 1

Half Baths 1

Year Built 1926

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type SingleFamilyResidence

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.

Location

State MI

County Wayne

Area Area05042Det6Tiregrnfldlivernois

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Cooling Ceiling Fans

Fireplace No

Exterior

Parking Features TwoCarGarage, Detached, Driveway

Garage Spaces 2.0

Pool None

View Y/N No

Roof Type Asphalt

Garage true

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA, VaLoan

Listing Terms Cash, Conventional, FHA, VaLoan

Special Listing Condition ShortSaleNo, Standard


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Realcomp MLS
Listed by Edgar Butler of @properties Christie's Int'l R.E. Birmingham

Nearby Locations

Latonia Knox
Latonia Knox

Broker Associate | License ID: Ga: 365526 Mi: 6506048686

+1(678) 674-7929 | lknox@axenrealty.com

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Real Estate Services

LaTonia Knox
Associate Broker – GA & MI
Phone: (678) 674-7929
Email: lknox@fortknoxrealty.com
www.fortknoxrealty.com
8735 Dunwoody Place, Ste 6
Atlanta, GA 30350

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