Pricing

Asking price of $36,500 (or highest and best)
ARV between $90k - $100k depending on your scope of renovations
Renovation costs between $25k - $30k
25%+ cash on cash return or $18,000+ NET profit
Buyer pays ALL closing costs
$5,000 non refundable EMD. EMD is only refundable if title cannot be cleared or if seller backs out of the deal. Deal will be only be assigned once the title company receives EMD
This deal is a cash only transaction. Private and hard money is permissable as long as the lender can fund the deal immedietly

💥 YOU CAN ALSO CLICK THE 'WIN IT NOW' BUTTON TO AVOID ALL BIDDING AND LOCK IT DOWN BEFORE SOME ELSE DOES 💥

Property Details

924 square feet
3 bedrooms
1 bathroom
No garage
Unfinished basement
Bungalow
Built in 1950
Lot size of 0.084 acres

📌 View address by clicking the 'view full address' link above

📌 Check out our video walkthrough located below

📌 Contact Ali Salimnia at (248)224-7674 for more information before this deal sells!

Property Information

This property is located in a great neighborhood with multiple newly flipped homes. The subject is located right next to the Chrysler Plant; making for a great rental property or flip opportunity.

The home is being sold in its 'as-is' condition with all furniture/items being left behind. Home will be delivered vacant at close.

The subject is located in a great neighborhood where multiple homes have been sold within a week of going on market. This deal will not last long! Contact Ali Salimnia at (248)224-7674 for more information.

COMPARABLES

20306 Caldwell St, Detroit, MI 48234

This comparable is pending for $114,900 (went pending on 2/28/2024)
This comparable is a 800 SF ranch, 3 bedroom, 1 bathroom, no garage, unfinished basement, built in 1953 on 0.09 acres
This comparable was fully renovated from top to bottom. The comparable is very similar to the subject proeprty but 124 square feet smaller and is a ranch
The comparable sold in July of 2023 for $30,000 and was in MUCH worse condition than the subject

19970 Keystone St, Detroit, MI 48234

This comparable sold for $98,000 on 09/28/2023
This comparable is a 892 SF ranch, 3 bedroom, 1 bathroom, one car garage, unfinished basement, built in 1952 on 0.15 acres
This comparable was renovated. The comparable is very similart to the subject property but is a brick ranch and contains a garage
The comparable sold for $38,100 in May 2023 and was in MUCH worse condition than the subject

20066 Dean Keystone St, Detroit, MI 48234

This comparable sold for $96,000 on 04/28/2023
This comparable is a 804 SF bungalow, 3 bedroom, 1 bathroom, two car garage, unfinished basement, built in 1949 on 0.09 acres
This comparable was renovated. The comparable is very similart to the subject property but is 100 square feet smaller and contains a two car garage

19959 Keystone St, Detroit, MI 48234

This comparable sold for $99,000 on 11/28/2023
This comparable is a 1,020 SF bungalow, 3 bedroom, 1.5 bathroom, no garage, unfinished basement, built in 1952 on 0.1 acres
The comparable is very similart to the subject property but is 96 square feet larger
The comparable sold for $35,000 in February 2021

Additional Information

Please note: The property is under a legal binding purchasing contract with the Seller, giving this company the exclusive rights to purchse the property. DO NOT CONTACT THE OWNER without our explicit consent. A memorandum has already been filed with the county to Cloud Title - if anyone tries to 'backdoor us'. Any attempts to renegotiate with the owner or make contact with the owner will result in legal actions!
The property is sold in its 'as is' state and will be delivered vacant at close
Title will be handled by our preferred title agency
This deal is an assignment of contract
Please note that there is a video walkthrough of the subject propety located below
Contact Ali Salimnia at (248)224-7674 for more information