(Troy, MI 48235) 🏡 $38,500 Profit in this Troy Fix & Flip / New Build Opportunity  🏡

Attention real estate investors: Great location in a beautiful sought after neighborhood in Troy. Minutes away from Somerset Mall and Big Beaver. One of the absolute best locations in all of Metro Detroit with the best restaurants and shopping just minutes away. Also located within the highly sought after Troy school district.

STARTING PRICE - $111,000 (Buyer Pays ALL Closing Costs)

ARV - $200,000

Rehab - $40,000

Gross Profit - $49,000

Net Profit - $38,500 or 24% ROI

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

"CLICK HERE" --> PHOTO LINK

"CLICK HERE" --> Video Walkthrough

 Perfect For - 🛠 Fix & Flip

(Purchase Price) $111,000 + (Rehab) $40,000 = (Total investment) $151,000

(ARV) $200,000 - (Total Investment) $151,000 = (Gross Profit) $49,000

THIS HOME CAN ALSO BE A BUILDER PLAY! COMPARABLE NUMBER 2 BELOW IS A NEW BUILD PLAY

Property Overview:

📏 848 Square Feet

🛏 2 Bedrooms

🛁 1 Bathrooms

⬇️ Slab foundation

🚗 No garage

🏠 Ranch

🗓 Built 1945

🌏 0.11 acres (40 feet of frontage x 120 feet deep)

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

COMPARABLES

#1 – 1102 Vermont, Troy

• This comparable sold for $209,000 on 9/05/2023
• This comparable is a 900 SF bungalow, 2 bedroom, 1 bathroom, 1 car garage, crawl foundation, built in 1948 on 0.11 acres 
• This comparable was updated but not a new flip
• The comparable is located in the same block as the subject

#2 – 56 Vermont, Troy

• This comparable sold for $573,500 on 3/24/2021
• THIS COMP IS A BUILDER PLAY. THIS COMP IS LOCATED 3 HOUSES DOWN AND IS THE SAME EXACT LOT!
• Home prices have gone up in the neighborhood since 2021 and the sales price of a new build like this comparable is much higher today than the $573,500 sales price from 3/24/2021

#3 – 95 Chopin Ave, Troy

• This comparable sold for $204,400 on 2/01/2024
• This comparable is a 995 SF ranch, 2 bedroom, 1 bathroom, 1 car garage, crawl foundation, built in 1954 on 0.11 acres 
• This comparable was updated but not a new flip
• The comparable is located in the same block as the subject

#4 – 233 Cherry Dr, Troy

• This comparable sold for $204,000 on 7/21/2023
• This comparable is a 726 SF ranch, 2 bedroom, 1 bathroom, no garage, MI basement, built in 1921 on 0.15 acres 
• This comparable was a new flip
• The comparable is located in the same block as the subject

#5 – 1996 Van Courtland Dr, Troy

• This comparable sold for $199,000 on 2/072023
• This comparable is a 768 SF ranch, 2 bedroom, 1 bathroom, 2 car garage, crawl basement, built in 1953 on 0.20 acres 
• The comparable is a clean yet outdated home
• The comparable is located in the same block as the subject

 #6 – 90 Woodslee Dr, Troy

• This comparable sold for $185,000 on 11/15/2022
• This comparable is a 816 SF ranch, 2 bedroom, 1 bathroom, 2 car garage, slab foundation, built in 1955 on 0.18 acres 
• This comparable is updated but is not a  new flip
• The comparable is located on the same street as the subject

#7 – 32 Hickory Dr, Troy

• This comparable sold for $178,000 on 4/07/2022
• This comparable is a 1,000 SF ranch, 2 bedroom, 1 bathroom, no garage, MI basement, built in 1938 on 0.15 acres 
• This comparable is outdated and not in great shape

#8 – 1078 Birchwood Ave, Troy

• This comparable sold for $175,000 on 4/21/2023
• This comparable is a 840 SF bungalow, 2 bedroom, 1.5 bathroom, no garage, crawl foundation, built in 1947 on 0.11 acres 
• This comparable was updated but not a new flip

Additional Insights:

o   Area - Great location and neighborhood in Troy

o   Delivery - Home will be delivered vacant at close

o   $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

o   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 6/1/2024

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