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🏡🌟 Detroit Value-Add Property – Perfect Investment Opportunity! 🔥🏡

Wayne County, Detroit, MI, 48223 view full address
For Sale
Listed at: September 15th, 2024
Price
$25,000
46 pictures, show all
Sq. Footage
704
Type
Single-Family
Parking
Driveway
Year build
1949
Lot size
0.12 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

Property Details:

  • Type: Single-Family Home
  • Square Footage: 704
  • Bedrooms: 2
  • Bathrooms: 1
  • Occupancy: Vacant
  • Central Air: No
  • Foundation: Concrete Block

Key Features:

  • Roof: 3 years old, but needs minor repairs
  • Windows: Vinyl
  • Heating: Furnace is missing, likely needs replacement
  • Plumbing: Plumbing is in good condition
  • Electrical: Newer Romex wiring
  • Exterior: Aluminum siding
  • Interior: Hardwood floors with a mix of wood, carpet, and tile flooring. Some drywall and plaster walls
  • Garage: None
  • Driveway: In okay condition
  • Basement: Yes, unfinished

Investment Highlights:
This ranch-style home in an up-and-coming Detroit neighborhood presents a great investment opportunity. The house is structurally sound with new electrical and good plumbing, but it requires cosmetic updates. The kitchen and bathroom need renovations, and the furnace is missing, but the property’s strong foundation and newer roof make it a prime candidate for an investor looking to add value.

Note: The owner previously used the home as an office, but it had squatters who took some items. The home is now vacant and ready for updates.

Wholesale Price: $25,000
EMD: $1,500
Access: By Appointment

CALL OR TEXT: (248) 975-7431

 

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All deals cash or hard money only. I like to work with everyone which usually means if you're making money I'm making money...If you are a realtor, please contact us to discuss how we can get you paid! What I am selling is my assignable contract (w/ equitable interest) with the seller of the property. I am not the owner of record. I am not a realtor nor do I portray myself as one. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a EMD non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of our contract with the seller to the end buyer.
Street View
Location
current deal
comparables
#2
 available
$123k
 sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Yuvi Rachmilewitz

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