🔥🏠 Off Market Fix and Flip/Rental Condo | New Center Pallister Park | 2 BEDS 1.5 BATH 🏠🔥

Wayne County, Detroit, MI, 48202
Sold
Listed at: January 22nd, 2024
Price
$60,000
ARV
$160,000
Gross Margin
$100,000
Sq. Footage
1086
Type
Condo
Parking
Street
Year build
1955
Lot size
0 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
1
Summary

🔥 Investment Opportunity in New Center Pallister Park 🔥

 

🏠PROPERTY OVERVIEW

2 Bedroom

1.5 Bath

1086 Sqft

Livable condition

2 floor condo

Biggest condo in the whole building

Tenant occupied - will be gone by closing

EST rent - $1500-$1800/month

HOA dues - $752/month

 

DEAL INFO

Purchase Price $60,000

Earnest Money Deposit $5,000

Closing Date: March 16, 2024

 

Rental Comps:

Seward & Third 

700 Seward Street Unit#407, Detroit 48202 | 1 bd 1 ba | 877 sqft | $1,622/month

700 Seward Street Unit#701, Detroit 48202 | 2 bd 1 ba | 988 sqft | $1,795/month

 

Please Note: Cash or hard money required for closing

Buyers are responsible for their own due diligence.

Buyers pay all closing costs.

All financial projections and estimates are based on our own analysis and opinion.

We are not a licensed contractor or appraiser.

We are selling the assignable purchase agreement that allows us to purchase the property listed below, not the property itself. If you are interested in purchasing this assignable purchase agreement, please contact us. 

NOT FOR PUBLIC DISTRIBUTION. PRIVATE COMMUNICATION ONLY

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Gus Mohanna

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