141XXX Minock St Detroit, MI 48223

$45,000.00 3 bd, 1 ba, 1,107 sqft

Here for sale is a nice frame home with 3 bedrooms, 1 bathroom and  a basement. It is 1,104 square feet and it was built in 1947. This property is on the Westside of Detroit. This home is currently occupied with a section 8 tenant paying $850.00 a month and has a one yer lease. The tenant pays $0.00 and section 8 pays the full $850.00. The section 8 full amount is paid from the housing authority from 5/1/2020 until 4/30/2021. This property is in the Westwood Park neighborhood which is good for rentals. The home does not have a garage.

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. The lease expires on 5/1/2021.  Please click the link below to view the pictures.

Estimated Rehab: $0.00

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 $50,000 – $60,000 depending on finishes.

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.

Showing requests that have an offer included will be given priority. 

DO NOT DISTURB THE TENANT

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Asking price: $45,000.00/obo

View pictures here:

https://www.dropbox.com/sh/ps4k8ho05yc3kt9/AABiOgFpjCzl-wWZlIzU4aGZa?dl=0

Title Company: Detroit Title and Escrow, Fidelity Title, or Regions Title

Warranty Deed

Annual Taxes: $1,000.00 +/-

Deposit: $1,500.00 – only refundable if the seller does not close or failed inspection. 10 day inspection period. Will be delivered OCCUPIED at closing. 

Estimated Rehab: $0.00

 

Property Details

Price:
$45,000.00
Address:
14116 Minock St.
City:
Detroit
State:
MI
Zip Code:
48223
Year Built:
1947
Terms:
Assignment of Contract
Property Type:
Home
Square Feet:
1,107
Bedrooms:
3
Bathrooms:
1
Basement:
Unfinished Basement
Const. Type:
Frame

Call 1-888-225-1533 for more details

Property Location

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