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
Provided through IDX through Realcomp II Ltd. Courtesy of @properties Christie's Int'l R.E. Birmingham, [email protected], (248) 850-8632.
Listing Snapshot
Days Online
16
Last Updated
Property Type
Residential
Beds
3
Full Baths
1
Partial Baths
1
Square Ft.
1,456
Lot Size
0.09 Acres
Year Built
1926
MLS Number
20261036777
30 Days Snapshot Of 48221
$156k
+20%
(avg) sold price
39
-4%
homes sold
100
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Appliances & Equipment
Free-Standing Gas Range, Free-Standing Refrigerator, Stainless Steel Appliance(s)
Basement
Unfinished, Basement?: 1
Building
1,456 total square feet, 1,456 combined square feet, 654 total basement square feet, Built in 1926, Remodelled in 2022, Architectural style: Colonial, 2 Story, Brick, Vinyl
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