Here for sale is a nice brick home with 3 bedrooms and 1 bathroom. It is 1,356 square feet and it was built in 1970. This property is on the Eastside of Detroit. This home is currently vacant and will need a full rehab. The home has a detached two (2) car garage and yes the home does have a basement. The home has some fire damage and will need to be updated. This rehab requires all work to be done by a licensed contractors due to the fire damage. This is a cash deal. However financing may be used for purchase and rehab or just for rehab.
This is a buy and hold neighborhood or a flip neighborhood as it is close to East English Village.
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: $28,000.00/obo
Title Company: Detroit Title and Escrow, Fidelity Title, or Regions Title
Annual Taxes: $1,405.00
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: $85,000 – 125,000.00
View pictures here: