Here for sale is a nice brick home with 2 bedrooms and 1 bathroom. It is 732 square feet and it was built in 1944. This property is on the Eastside of Detroit. This home is currently vacant but can rent between $700 -$800.00 per month. The home has a detached one (1) car garage and yes the home does have a basement. The home will need between $20,000 – 45,000 in rehab depending on finishes. This is a cash deal. However if you purchase with cash the rehab can be financed with one of our lending partners up to $45,000.00.
This is a buy and hold neighborhood or a fix and flip with or without a tenant. You could renovate, put a tenant in there and then sell it as a turnkey property or as a rent to own to the tenant.
The home is VACANT and will be delivered VACANT at closing. BUYER IS TO PAY ALL CLOSING COST! PLEASE DRIVE BY THE PROPERTY ONLY.
Showing requests that have an offer included will be given priority.
Asking price: $22,500.00/obo
Title Company: Detroit Title and Escrow or Fidelity Title
Annual Taxes: $1,241.00
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: $20,000 – 45,000 in rehab depending on finishes
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