Attention investors! This well-maintained single-family home offers an excellent light rehab opportunity in Michigan's Upper Peninsula. With key updates already completed and comparable sales supporting values well above the asking price, this property is ideal for a fix-and-flip, BRRRR, or long-term rental investment.
Property Overview
2 Bedrooms
1–2 Bathrooms
1,248 Sq Ft
Single-Family Home
Iron River, MI 49935
Financial Snapshot
Asking Price: $109,900
Estimated ARV: $135,000–$145,000
Investment Highlights
Light Cosmetic Rehab
Updated Electrical
Updated Bathroom
Half of Roof Already Replaced
Strong Comparable Sales
Low Inventory Market
Property Condition
Major improvements have already been completed, including:
Updated electrical system
Renovated bathroom
Approximately half of the roof replaced
Remaining improvements may include:
Interior cosmetic updates
Paint and flooring
Kitchen improvements
Minor basement seepage mitigation
General landscaping and curb appeal
Why Investors Will Like This Deal
Below-market acquisition
Light renovation scope
Strong rental demand
Consistent comparable sales
Affordable entry point
Multiple exit strategies
Potential Exit Strategies
Fix & Flip
BRRRR
Buy & Hold Rental
Owner-Occupant Resale
Market Overview
Iron River continues to benefit from limited housing inventory and steady demand. Comparable 2- and 3-bedroom homes in the immediate area have recently traded between $135,000 and $145,000, supporting a solid resale opportunity after light improvements.
Investor Takeaway
This is an opportunity to acquire a well-maintained home requiring only modest updates rather than a full renovation. With several capital improvements already completed, investors can focus on cosmetic enhancements while benefiting from a strong spread to market value.
Property is being sold as-is. Buyer to perform all due diligence.
For fastest response: Cherrie – Dispo Manager Call/Text: (404) 620-2544
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