16171 Santa Rosa Drive, Detroit, MI 48221 3047
16171 Santa Rosa Drive, Detroit, MI 48221 3047
16171 Santa Rosa Drive, Detroit, MI 48221 3047
24
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$99,900
Est. payment /mo
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3 Beds
2 Baths
1,456 SqFt
New

16171 Santa Rosa Drive Detroit, MI 48221 3047

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Queon Walker

Queon Walker

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Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,456 sqft

Price per Sqft $68

Subdivision Addison Heights

MLS Listing ID 60995066

Style 2 Story

Bedrooms 3

Full Baths 1

Half Baths 1

Abv Grd Liv Area 1,456

Year Built 1926

Annual Tax Amount $3,943

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 35X111

Property Sub-Type Single Family

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 Detroit (82001)

Rooms

Basement Unfinished

Interior

Hot Water Gas

Heating Forced Air

Cooling Ceiling Fan(s)

Appliance Range/Oven, Refrigerator

Exterior

Parking Features Detached Garage

Garage Spaces 2.0

Garage Yes

Building

Story 2 Story

Foundation Basement

Water Public Water

Architectural Style Colonial

Structure Type Brick,Vinyl Siding

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,FHA,VA

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by @properties Christie's Int'l R.E. Birmingham

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16171 Santa Rosa Drive