(Detroit, MI 48235) 🏡 $26,000 Profit in this Detroit Fix & Flip 🏡

Attention real estate investors: Great location, right on the border of Redford Charter Township, close Rouge Park Golf Course, near I-96 and Telegraph Road.

Located right near the border of Redford Charter Township

STARTING PRICE - $85,000 (Buyer Pays ALL Closing Costs)

ARV - $155,000

Rehab - $35,000

Gross Profit - $35,000

Net Profit - $26,000 or 20% ROI

*️⃣ Net profit takes into consideration agent commissions, taxes and closing costs

"CLICK HERE" --> PHOTO LINK

"CLICK HERE" --> Video Walkthrough

Perfect For - 🛠 Flix & Flip

(Purchase Price) $85,000 + (Rehab) $35,000 = (Total investment) $120,000

(ARV) $155,000 - (Total Investment) $120,000 = (Gross Profit) $35,000

Property Overview:

📏 941 Square Feet

🛏 3 Bedrooms

🛁 1 Bathrooms

⬇️ Unfinished basement

🚗 2 car garage

🏠 Bungalow

🗓 Built 1950

🌏 0.135 acres (52 feet of frontage x 113 feet deep)

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

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

📌 Check out our video walkthrough located below

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

COMPARABLES

#1 – 11711 Chatham, Detroit

This comparable sold for $155,500 on 3/16/2023
This comparable is a 941 SF bungalow, 3 bedroom, 1 bathroom, 1 car garage, basement, built in 1951 on 0.14 acres
This comparable was newly renovated
The comparable is located on the same street as the subject
The comparable was on the market for only 10 days before going pending

#2 – 11691 Bramell, Detroit

This comparable sold for $155,000 on 10/13/2022
This comparable is a 1,100 SF bungalow, 3 bedroom, 1.5 bathroom, 1 car garage, basement, built in 1951 on 0.16 acres
This comparable was newly renovated
The comparable is located in the same neighborhood as the subject
The comparable was on the market for only 1 week before going pending

#3 – 11702 Beaverland, Detroit

This comparable is pending for $94,900
This comparable is a 958 SF bungalow, 3 bedroom, 1.5 bathroom, 1 car garage, basement, built in 1951 on 0.16 acres
This comparable is in very bad condition
The comparable is located in the same neighborhood as the subject

#4 – 11742 Bramell, Detroit

This comparable sold for $132,500 on 11/14/2023
This comparable is a 958 SF bungalow, 3 bedroom, 1 bathroom, 1 car garage, basement, built in 1951 on 0.14 acres
The comparable is very outdated throughout the home
The comparable is located in the same neighborhood as the subject
The comparable was on the market for 6 weeks before going pending

#5 – 12024 Chatham, Detroit

This comparable currently listed on the market for $189,900
This comparable is a 941 SF bungalow, 3 bedroom, 1 bathroom, 2 car garage, basement, built in 1950 on 0.13 acres
This comparable was newly renovated
The comparable is located on the same street as the subject
The comparable has been on the market since 4/22/2024

#6 – 11669 Chatham, Detroit

This comparable currently listed on the market for $179,900
This comparable is a 941 SF bungalow, 3 bedroom, 1 bathroom, no garage, basement, built in 1950 on 0.14 acres
This comparable was newly renovated
The comparable is located on the same street as the subject
The comparable has been on the market since 4/22/2024

#7 – 12050 W Parkway St, Detroit

This comparable currently pending on the market for $144,999 (agent confirmed)
This comparable is a 1,071 SF bungalow, 3 bedroom, 1.5 bathroom, 1 car garage, basement, built in 1954 on 0.13 acres
This comparable was newly renovated
The comparable is located in the same neighborhood as the subject
The comparable was on the market for less than 2 weeks before going pending

Additional Insights:

Area - Many flips over the last 2 years. Property is located right near the border of Detriot and Redford Charter Township
Delivery - Home will be delivered vacant at close
$5,000 non refundable EMD. EMD is only refundable if title cannot be cleared or if seller backs out of the deal. Deal will only be assigned once the title company receives EMD
This deal is a cash only transaction. Private and hard money is permissible as long as the lender can fund the deal immediately

PLEASE CALL ALI TO SCHEDULE SHOWINGS

248-224-7674

TENTATIVE CLOSE DATE ON OR BEFORE 6/01/2024

Additional Information

Please note: The property is under a legal binding purchasing contract with the Seller, giving this company the exclusive rights to purchase 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 property located below
Contact Ali Salimnia at (248)224-7674 for more information