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🏡🌟 Rehab Investment Opportunity in Detroit, MI !ONLY 22K! 🔥🏡

Detroit, MI, 48213
Sold
Listed at: October 8th, 2024
Price
$22,000
52 pictures, show all
Sq. Footage
1371
Type
Single-Family
Parking
Unassigned
Year build
1915
Lot size
0.08 acres
Bedrooms
4
Bathrooms
1
Half Bathrooms
0
Summary

Property Details:

  • Type: 1,371 sq/ft Single-Family Bungalow w/ Basement
  • Bedrooms/Bathrooms: 4bd / 1ba
  • Occupancy: Vacant
  • Central Air: No
  • Foundation: Brick

Key Features:

  • Roof: 7 years old
  • Windows: Vinyl
  • Plumbing/Electrical: Plumbing is PEX, electrical is Romex both needs to be updated
  • Exterior: Vinyl siding 
  • Flooring: Wood and tile throughout
  • Furnace/Water Heater: Both needs replacement
  • Driveway/Garage: No 
  • Doors: Original solid core doors

Investment Highlights: This spacious bungalow with an extra lot offers great ROI potential in a rapidly developing Detroit neighborhood. The property requires significant rehab, including a full plumbing replacement, electrical updates, and new furnace and water heater installations. The roof is in good condition, having been replaced 7 years ago, and the vinyl windows are an added bonus. With the additional lot and solid brick foundation, this property presents an excellent opportunity for the right investor.

Wholesale Price: $22,000
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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