Here for sale is a nice frame home with 3 bedrooms and 1 bathrooms. It is 801 square feet and it was built in 1946. This property is on the Westside of Detroit. This home is currently vacant and can rent between $700 – $800 per month. The home does not have a garage.
This home was purchased from the Detroit land Bank and you must follow their rules. As a land bank home you will need to rehab this home in 6 -9 months plus pull permits on everything. My construction company has experience with land bank homes. Rehab is estimated between $60,000 – 75,000.00.
This is a buy and hold neighborhood. The area is semi ok but I do believe it will be back in 5 – 10 more years due to a lot recent rehabs in the area.
The home is VACANT and will be delivered VACANT 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.
Showing requests that have an offer included will be given priority.
Asking price: $12,000.00/obo
Title Company: Detroit Title and Escrow, Fidelity Title, or Regions Title
Annual Taxes: $1,179.00
Deposit: $1,500.00 – only refundable if the seller does not close or failed inspection. 10 day inspection period. Will be delivered VACANT at closing.
Estimated Rehab: $60,000 – $75,000.00
View Pictures Here: