Here for sale is a nice frame home with 3 bedrooms and 1 bathroom. It is 1,080 square feet and it was built in 1938. This property is on the Eastside of Detroit. This home is currently vacant and will be delivered vacant at closing. The tenant just moved out and was paying $650.00 in its current condition. If updated it could rent between $800 – 850 per month. This property is in the E. Outer Drive-Hayes neighborhood which is good for rentals and fix and flips with tenants. The home does not have a garage but there is a small shed in the backyard. I do not know how old the roof is.
Estimated Rehab: $20,000 – $35,000 depending on finishes. Most of the work is in the kitchen and the bathroom. The hardwood floors were painted and will need to be stripped/refinished.
This is a buy and hold neighborhood or fix and flip with a tenant as a turnkey property.
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. 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: $20,000.00/obo
Title Company: Detroit Title and Escrow, Fidelity Title, or Regions Title
Annual Taxes: $800.00
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 – $35,000 depending on finishes
- 14932 Longview St.
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