2916 Sturtevant Street

About this home

Great bones, great block, great opportunity for the investor looking for their next BRRR. Seller willing to hold the note for 12 or so months while you fix this up and make it rent ready. The Dexter-Linwood neighborhood has seen rapid redevelopment both publically and privately. The bones and roof are good, but cosmetic work and HVAC will be needed. The attic in the upper unit is tall enough for another bedroom or to finish the attic space. Rent in the area for a modest unit touches $1,400/side bringing in almost 20% ROI after renovation and units selling well into the mid $200k range post renovation!

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Detroit

Over the last 90 days, 1,214 homes sold in Detroit for a median of $99,950, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $65,000, or $23 per square foot, 68% below the city median, and has been on the market 1 day. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $3,976 a year. A buyer who lives here would pay about $1,315 to $2,107 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

Similar homes in Detroit

$50,000

2 bd · 1 ba · 720 sqft

7406 Rosemont Avenue, Detroit

Listing courtesy of EXP Realty Main

$65,000

4 bd · 1 ba · 1,456 sqft

14425 Coyle Street, Detroit

Listing courtesy of EXP Realty Main

$60,000

3 bd · 1 ba · 1,186 sqft

6337 Marseilles Street, Detroit

Listing courtesy of KW Domain

$69,900

3 bd · 1 ba · 1,136 sqft

5565 Fairview Street, Detroit

Listing courtesy of Berkshire Hathaway HomeServices Kee Realty SCS

$57,000

3 bd · 1 ba · 1,200 sqft

15839 Washburn Street, Detroit

Listing courtesy of Epic Realty Inc

$79,900

3 bd · 1 ba · 1,216 sqft

2317 Highland Street, Detroit

Listing courtesy of Keller Williams GR East

See all Detroit homes for sale →