20882 Hawthorne Street, Harper Woods, Michigan, 48225

A Great Investment Opportunity in Harper Woods, MI

Property Details

A classic single-family house featuring 3 bedrooms, 1.5 bathrooms, and 1,053 sqft of living space on a 6,534 sqft lot with an attached garage (245 sqft).

• Roof: Old

• Furnace: Old

• AC: Old

• Plumbing: Old

• Electrical Panel: Old

• Water Heater: Old

The property will be delivered vacant at closing.

Investment Highlights

• Solid brick construction built in 1949 with full unfinished basement offering additional value-add potential

• Located in the highly-rated Grosse Pointe Public School System (A+ district rating) in an established Harper Woods neighborhood

• Strong buyer demand in this zipcode - averaging 29 interested buyers per deal with a 100% sales rate on blasted deals

• Clear scope of work at $35,500 includes general clean-out, HVAC replacement, kitchen refresh with appliances, plumbing and electrical upgrades, and targeted roof repairs

• Comparable sales in the area range from $222,500 to $296,475, with the highest comp selling in just 5 days

• Estimated rental income of $1,500 per month once renovated, providing strong cash flow potential

• No flood risk and low loan balance make this a clean acquisition

Financial Summary

• ARV (After Repair Value): $220,000 - $260,000

A Wonderful Wholesale Opportunity!