16924 Santa Rosa Dr. DETROIT MI 48221
Property Address
16924 Santa Rosa Dr. DETROIT MI 48221
Great investment opportunity in an excellent area of Detroit – Fitzgerald with the city spending millions to revitalise the area. Close to University district and Bagley, extremely sought after area. Option to convert back to large SFR or keep as triplex rental. Rental return could be over $2000 per month and low mantenance for the next few years due to full rehab.
2 x 1 bedroom units upstairs with 1 x 3 bedroom unit downstairs currently. Renovation estimates are coming in well under $45,000 and with Market value after repair over US$155,000 estimated flip return or equity if holding is over 35%!
Property Details
House Size | 2640 sq ft |
Bedrooms: | 2 x 1BR; 1 x 3BR |
Bathrooms: | 3 (1 each) |
Basement | Yes |
Garage: | Yes |
Lot Size: | 4138 sq ft |
Rental Return: | $2,400 USD per month |
Return on Investment: | 17.7% after deductions |
Est Market Value: | $155,000 USD |