A Great Investment Opportunity in Detroit, MI
Property Details
A classic single-family house featuring 2 bedrooms, 1 bathroom, and 1,026 sqft of living space on a 5,663 sqft lot with a driveway for parking.
• Roof: Poor
• Furnace: Poor
• AC: Poor
• Plumbing: Poor
• Electrical Panel: Poor
• Water Heater: Poor
The property will be delivered vacant at closing.
Investment Highlights
• Excellent wholesale opportunity priced at the bottom of the market
• Strong ROI potential of 36% for end investors after transaction costs
• Full basement provides additional value and potential
• Comparable properties in the area selling between $85k-$105k, with the highest comp selling in just 6 days for $105k
• Low flood risk (FEMA Zone X; not in a 100-year floodplain)
• Located in quiet East Trinity neighborhood with municipal water and sewer
• No back taxes or loan balance - clean title opportunity
Financial Summary
• ARV (After Repair Value): $95,000 - $105,000
A Wonderful Wholesale Opportunity!