Investment Opportunity: Fairmount Dr, Detroit, MI 48205

Wayne County, Detroit, MI, 48205 view full address
For Sale
Listed at: November 14th, 2024
Price
$85,000
ARV
$106,000
Gross Margin
$21,000
Sq. Footage
865
Type
Single-Family
Parking
Attached Garage
Year build
1942
Lot size
0.11 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

This spacious 4-bedroom, 2-bath single-family residence located at Fairmount Dr. in Detroit, MI, offers immense potential as an investment property. Ideal for both fix-and-flip or rental income, the property is set on a quiet street in a residential area.

Property Highlights:

  • 🛏️ Bedrooms: 4
  • 🛁 Bathrooms: 2
  • 🌍 Location: Fairmount Dr, Detroit, MI 48205
  • 💰 Sales Price for Investors: $85,000

Investment Potential:

This property is well-suited for investors looking to enhance their portfolio with a turnkey project or a buy-and-hold rental. Delivered vacant, the home offers flexibility in its renovation schedule, making it ideal for maximizing value through strategic upgrades or positioning as an Airbnb.

Comparable Sales in the Area:

  • 15508 Carlisle St, Detroit, MI: 3 beds, 1 bath – strong comparable for assessing market potential.
  • 15895 Edmore Dr, Detroit, MI: Similar property style, providing insight into the potential after-repair value (ARV).

Details:

  • 🏗️ Repairs Needed: Renovation and updates may be required to bring the property up to market standards.
  • 📞 Access: By appointment only for property tours.

This property at Fairmount Dr presents a strategic investment in Detroit’s real estate market, providing both growth and income potential in a rapidly revitalizing area.

 

Contact Brandon Hardin @ 661.699.5512 for details or to arrange a showing, we are direct to seller any attempt to circumvent our contract will result in litigation

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact