Here for sale is a nice brick home with 3 bedrooms and 1 bathrooms. It is 1,500 square feet and it was built in 1936. This property is on the Eastside of Detroit. This home is currently occupied with squatters but it will be vacant at close. It can rent between $800 – $1,000 per month or you can flip it. This property is in the Morningside neighborhood which is good for fix and flips as well. The home does not have a garage.
Rehab is estimated between $40,000 – 75,000.00 depending on finishes.
This is a buy and hold and/or a fix and flip neighborhood. The area is has seen a lot of improvement over the years and is good for fix and flip since its close to East English Village. Please see most recent comps below.
The home is OCCUPIED WITH SQUATTERS 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. Deposit is only refundable if the seller does not perform or failed inspection.
Showing requests that have an offer included will be given priority.
Asking price: $40,000.00/obo
Title Company: Detroit Title and Escrow, Fidelity Title, or Regions Title
Annual Taxes: $1,084.00
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: $40,000 – $75,000.00
View Pictures here: