Description
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
| MLS # | 20261068737 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1926 |
| Days On Site | 51 |
| Listing Provided By | @properties Christie's Int'l R.E. Birmingham | Edgar Butler |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,456 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.09 |
| Water Front | Yes |
Interior
| Rooms Total | 3 |
|---|---|
| Cooling Yes / No | No |
| Cooling | Ceiling Fans |
| Heating Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
| Appliances | Free Standing Gas Range, Free Standing Refrigerator, Stainless Steel Appliances |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Brick, Vinyl Siding |
| Foundation Details | Basement, Block |
Parking
| Garage Yes / No | Yes |
|---|---|
| Attached Garage Yes / No | No |
| Parking Features | Two Car Garage, Detached, Driveway |
Taxes
| Tax Annual Amount | 3943 |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48221 |
| Area | Det |
| Community Name | ADDISON HEIGHTS |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in ADDISON HEIGHTS) | |
Price: $75,000 low | high Med: $75,000 sqft: 1,456 low | high Med: 1,456 $ / sqft: $52 low | high Med: $52 On site: 51 low | high Med: 51 | |
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48221 |
| Area | Det |
| Community Name | ADDISON HEIGHTS |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in ADDISON HEIGHTS) | |
Price: $75,000 low | high Med: $75,000 sqft: 1,456 low | high Med: 1,456 $ / sqft: $52 low | high Med: $52 On site: 51 low | high Med: 51 | |
