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Three Unique Single-Family Residences
1 Holdings Fielding is a collective 3,916 square feet of living space on 20,299 total square feet of land, and comprises three single-family residences with masonry foundation and siding sheathing. These properties, built in 2003, present an attractive investment opportunity in an emerging location. Each residence offers 3 bedrooms, 1.5 bathrooms, gas and forced air for heating, and an attached garage. The three residences allow residents to engage in recreational activities at Optimist-Stout Playground, a green area with walking trails, a playground, and a soccer field.
A Close-Knit Neighborhood
These homes are located in Detroit’s Brightmoor neighborhood, a close-knit community with a strong sense of history and easy access to essential routes like I-96 and Telegraph Road. Established in 1922 to create affordable housing for auto industry workers, Brightmoor features a blend of architectural styles including ranch homes, Tudors, and Colonial Revivals. Known for its active community engagement, Brightmoor hosts organizations and events focused on neighborhood improvement, such as the Brightmoor Artisans Collective, which promotes sustainable food practices. Among education options, students can attend Gompers Elementary-Middle School for pre-K through 8th grade and Detroit Community High School for older students.
Investment Potential
The group of single-family residences, listed at $243,504 for the 3 properties, provides investors with an expected rental income of 10.05% and an interesting chance to invest in a growing neighborhood. This holding group also includes a $20,050 renovation budget for deferred maintenance and general improvements.
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