A Great Investment Opportunity in Detroit, MI
Property Details
A classic single-family house featuring 3 bedrooms, 2.5 bathrooms, and 1,098 sqft of living space on a 4,356 sqft lot with a detached 2-car garage.
• Roof: Old
• Furnace: Fair
• AC: N/A
• Plumbing: Old
• Electrical Panel: Good
• Water Heater: Fair
The property will be delivered vacant at closing.
Investment Highlights
• Full brick exterior construction built in 1937 in the Santa Maria Park Sub subdivision
• Partially finished basement adding extra living potential
• Interior cosmetics already updated - property currently rented at $1,550/month gross
• Strong investor interest in this zipcode with 39% sales success rate and average 20 interested buyers per deal
• Detached 2-car garage and no flood risk
• Can be turned into attractive rental investment with reduced scope of work
• No back taxes or loan balance - clean title
Financial Summary
• ARV (After Repair Value): $180,000 - $190,000
A Wonderful Wholesale Opportunity!