Here for sale is a single family home with 3 bedrooms and 1 bathroom on the Eastside of Detroit. This home can rent between $800 – $900 per month depending on finishes. There is no garage. The home will need $35-$50,000 for renovations and you will need a new roof. This is a buy and hold neighborhood or you can fix and flip with a tenant in place to sell as a turnkey investment.
The home will need to be updated and the amount of renovation needed will depend on what type of finishes you want and how the tenant leave the home. The rehab is estimated between $35,000.00 – $50,000.00. The home is currently occupied but will be delivered vacant at close.
The home is occupied and will be delivered vacant at closing. DO NOT DISTURB THE TENANT!!! PLEASE ONLY DRIVE BY THE PROPERTY. BUYER IS TO PAY ALL CLOSING COST!
Asking price: $15,000.00/obo
Title Company: Detroit Title and Escrow or Fidelity Title
Annual Taxes: $1,049.00
Deposit: $1,500.00 – only refundable if the seller does not close. 10 day inspection period. Will be delivered vacant at closing.
Estimated Rehab: $35,0000 – $50,000 Depending on finishes.
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