16171 Santa Rosa Drive, Detroit, Michigan 48221

$99,900

Property Details

MLS#: 20261036777
Bedrooms: 3
Bathrooms: 1.5
Square Feet: 1,456
Price per Sqft: $69
Lot Size: 0.09 acres
Year Built: 1926
Property Type: Residential
Status: Active

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

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 16171 Santa Rosa Drive?

16171 Santa Rosa Drive is listed at $99,900, or $69 per square foot.

How many bedrooms does 16171 Santa Rosa Drive have?

This property has 3 bedrooms and 1.5 bathrooms, with 1,456 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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