💵Investment Oppoprtunity in Detroit💵

Wayne County, Detroit, MI, 48206
Sold
Listed at: May 29th, 2023
Price
$40,000
ARV
$250,000
Gross Margin
$210,000
Sq. Footage
1922
Type
Single-Family
Parking
Driveway
Year build
1921
Lot size
4356.00 sqft
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

FIX AND FLIP IN Detroit WITH

GREAT POTENTIAL,


ASKING: $40,000.00

⬆️PHOTOS ABOVE⬆️

Property Details:

📍 City: Detroit

🌆 County: Wayne County

🏡 Property Type: Single-Family Home

🛏️ Bedrooms: 4

🛁 Bathrooms: 2

📏 Square Footage: 1,922

👀 Basement Area: 880 sqft

🌳 Lot Size: 4,356 sqft

📅 Year Built: 1921

Pricing Details:

💵 Asking Price: $40,000

💰 Minimum EMD: $3,000

💼 Other features: Full rehab required for maximum ARV ($250,000+), great profit potential.

Take this once beautiful home and restore it to its former glory with a modern flare!

This deal is a perfect fix and flip for a savvy investor, the property will need a full rehab but once the work is completed you stand to make a 25% - 30% ROI. Don't miss out on a chance to restore this property to it's former beauty.


📞FOR MORE DETAILS PLEASE

CONTACT JUSTIN @ (972) 322-2160📞


DISCLAIMER:

1. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY: Any estimates, information provided, or photographs/video showing the condition of the property are for your convenience only. Any information regarding specifications, characteristics, or condition of this property, neighborhood, or investment strategy (including, but not limited to, estimated rehab costs, as-is property square footage measurements, or proposed expansion through construction) is an unverified assumption of the company or its affiliates based on limited information and must be verified independently for accuracy. Company and its affiliates assume no liability whatsoever for the accuracy of any estimates, information, or photo/video provided. Buyer is required to conduct their own due diligence.

2. NO UNACCOMPANIED ENTRY OF PROPERTY: Broker and its affiliates do not give you authority, express or implied, to enter or access this property unaccompanied. Access to the property may only be obtained through scheduling a property inspection with Company.

3. NON-REPRESENTATION: Company and their affiliates DO NOT represent you.

4. You may not copy, store, distribute, display, modify, create derivative works, sell, or transmit any part of this content without prior written permission of Company.

5. Please Note: Cash or hard money required for closing

  • Buyers pay all closing costs.
  • We are not a licensed contractor or appraiser.
  • This is an assignable purchase agreement that allows us to purchase the property listed below, not the property itself. If you are interested in this assignable purchase agreement, please contact us. 


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

Justin Helms

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Disposition manager