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🏡🌟Great investment opportunity in Warrendale block away from Dearborn– 3/2.5 🔥🏡

Wayne County, Detroit, MI, 48228
Sold
Listed at: September 18th, 2024
Price
$29,000
50 pictures, show all
Sq. Footage
741
Type
Single-Family
Parking
Detached Garage
Year build
1949
Lot size
0.12 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
1
Summary

Property Details:

  • Type: 741 sq/ft Single-Family Bungalow w/ Basement & Detached 2-Car Garage
  • Bedrooms: 3
  • Bathrooms: 2.5
  • Occupancy: Tenant Occupied
  • Central Air: No
  • Foundation: Concrete Block

Key Features:

  • Roof: Older, some reported leaks
  • Windows: Vinyl, but in rough shape
  • Heating/Water Heater: Furnace burnt out; water heater non-functional (small tank)
  • Plumbing: Mix of galvanized and PVC
  • Electrical: Romex wiring, but breakers frequently trip—likely needs updates
  • Exterior: Vinyl siding
  • Flooring: Mix of wood, subfloor, tile, and linoleum
  • Interior Walls: Combination of plaster and drywall, some drywall repairs needed
  • Garage: Detached 2-car garage
  • Driveway: Marginal condition
  • Basement: Partly finished

Investment Highlights: Located in the high-demand 48228 zip code and just a block away from Dearborn, this bungalow presents a prime investment opportunity. With a major rehab needed, including a new kitchen, drywall repairs, and landscaping, this property offers significant value-add potential. The house also features a detached garage and partly finished basement for added utility.

Additional Notes: The square footage (741 sq/ft) on record may not include the bungalow portion. Roof and furnace are older and need replacement, as does the water heater.

 

Wholesale Price: $29,000
EMD: $3,000
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.
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6366 Rutland St Detroit 48228 MI

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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Disposition manager