A great investment opportunity in Redford Township.
A classic single-family house, 3 Bedrooms, 1.5 Baths, 1,064 Sqft, with a full basement and a detached garage.
The Furnace, Plumbing, Electrical panel and Water heater are in good condition.
The AC is old.
Will be delivered with paying tenants.
A wonderful Fix & Flip opportunity!
Investment Highlights
Red brick ranch construction
Solid brick construction
Tenant is on a lease until December 31st currently paying $1,600 per month and would like to extend
Rent could be increased to approximately $1,750 per month once the lease expires
Investor yield of 13.72% without any rental increases
The lowest a house sold for in this area over the past 12 months was $147,500; it had one less bedroom and one less bathroom and was in worse condition
Very competitive market
Redfin Compete Score: 81/100 (“Very Competitive”)
Hot homes sell for about 2% above list price and go pending in around 13 daysLocated in Redford Township
Established residential neighborhood
Hardwood floors throughout the main level
Main-floor full bath with a tub/shower
Covered front porch
Covered carport
Long concrete side driveway with room for several vehicles
Deep backyard
6,098 sq ft lot
For additional Information,
call or text our disposition team at: (313)-241-7740
www.7minuteshousedeals.com or
deals@7minuteshousedeals.com
More About This Property
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ARV $220,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $173,000.