16171 Santa Rosa DriveDetroit, MI 48221

About

This Home

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.

Details

Property Type

Residential

Style

Single Family Residence

Year Built

1926

Lot Size

0.09 acres

Garage Spaces

2

Heating

Forced Air, Natural Gas

Cooling

None, Ceiling Fan(s)

Basement

Unfinished

Annual Taxes

$3,943

MLS #

20261068737

Gallery