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Rob Young

ryoung@grandrapidshomes.com +1(616) 293-9119

$99,900

Est. payment - /mo

3 Beds

2 Baths

1,456 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,456 sqft

Price per Sqft $68

MLS Listing ID 20261036777

Bedrooms 3

Full Baths 1

Half Baths 1

Year Built 1926

Annual Tax Amount $3,943

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 35X111

Property Sub-Type Single Family Residence

Source Realcomp

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

Direction Livernois / Puritan Ave

Interior

Heating Forced Air

Appliance Refrigerator, Range

Exterior

Parking Features Detached

Garage Spaces 2.0

View Y/N No

Roof Type Asphalt

Garage Yes

Building

Story 2

Sewer Public

Water Public

Structure Type Brick,Vinyl Siding

Schools

School District Detroit

Others

Tax ID W16I020647S

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by @properties Christie's Int'l R.E. Birmingham

NEARBY SCHOOL & BUSINESS

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Rob Young

+1(616) 293-9119

Broker Associate | License ID: 6506039987

Broker Associate License ID: 6506039987

16171 Santa Rosa Drive Detroit, MI 48221

Rob Young

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

REQUEST INFORMATION or SCHEDULE SHOWING