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… Read More 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. Read Less
Courtesy of @properties Christie's Int'l R.E. Birmingham.
Listing Snapshot
Days Online
19
Last Updated
Property Type
Single Family
Beds
3
Full Baths
1
Partial Baths
1
Square Ft.
1,456
Lot Size
0.09 Acres
Year Built
1926
MLS Number
60995066
30 Days Snapshot Of 48221
$2k
+90%
(avg) sold price
1
-50%
home sold
50
-72%
(avg) days on market
Snapshot
Area Map
Additional Details
Taxes
Amount: $3,943
Property Access
Paved Street
Appliances & Equipment
Range/Oven, Refrigerator
Basement
Unfinished
Building
1,456 square feet, 5 total rooms, Built in 1926, Style: 2 Story, Colonial
Cooling
Ceiling Fan(s)
Exterior Features
Brick, Vinyl Siding
Foundation
Basement
Garage
2 car spaces in garage, Detached Garage
Water Features
Gas, Public Water
Heating
Natural Gas, Forced Air
Lot
0.09 acres, Size: 35X111
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