Here for sale is a nice brick home with 3 bedrooms, 1.5 bathroom and a basement. It is 1,104 square feet and it was built in 1926. This property is on the Westside of Detroit. This home is currently occupied with a month to month tenant paying $800.00 a month and moved in on 8/16/2020. The tenant pays $800.00 a month. This property is in the Grandriver neighborhood which is good for rentals and fix and flips . The home does have a detached 1 car garage that needs some repairs.
The property is managed by the owner so you will have to obtain your own property management. I can refer some to you and it is some listed in the Detroit Real Estate Yellow Pages. Copies of the lease and rent rolls will only be given once the deposit has been sent. I have seen this house and it does not need any repairs other than the garage. The lease expires on 4/16/2021 but it is a month to month lease meaning that the tenant can exit the agreement with a 30 day notice. Please click the link below to view the pictures.
Estimated Rehab: $0.00 – Garage will cost between $10 – 18,000.00 but this can be done at a much later date
This is a buy and hold neighborhood but you can fix and flip depending on the house and what streets you are on in the area. ARV is $43,000 – $150,000 depending on finishes and block.
The home is OCCUPIED WITH A TENANT and will be delivered OCCUPIED WITH A TENANT at closing. BUYER IS TO PAY ALL CLOSING COST! PLEASE DRIVE BY THE PROPERTY ONLY. 10 day inspection period once deposit of $1,500.00 has been paid. Deposit is non refundable if buyer does not perform. Deposit is only refundable if the seller does not perform or failed inspection. A failed inspection consist of structure issues such as the foundation or roof rafters only. A failed inspection is not because you changed your mind or do not have the funds to close.
Showing requests that have an offer included will be given priority.