14015 Pierson St. Detroit MI 48223 Sold

$25,000.00 2 bd, 1 ba, 731 sqft

Sold

Here for sale is a single family home with 2 bedrooms and 1 bathroom on the Westside of Detroit. This home is currently rented at $500.00 per month but can be raised to $600- $650 if updated. There is no garage or a basement as the house sits on a slab. The home will need $10,000 – $15,000 for renovations. This is a buy and hold neighborhood or you can fix and flip with the tenant in place to sell as a turnkey investment. Lease and rent rolls will be provided with accepted offer and deposit sent to title.

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 $10,000.00 – $15,000.00. However it is currently renting in its current condition for $500,00 per month. The home is currently occupied with a tenant and will be delivered with tenant at close.

The home is occupied and will be delivered occupied at closing.  BUYER IS TO PAY ALL CLOSING COST! PLEASE DO NOT DISTURB THE TENANT! DRIVE BY THE PROPERTY ONLY!

——-

Asking price: $25,000.00/obo

Title Company: Detroit Title and Escrow or Fidelity Title

Warranty Deed

Annual Taxes: $700.00

Deposit: $1,500.00 – only refundable if the seller does not close. 10 day inspection period. Will be delivered with tenant at closing.

Estimated Rehab: $10,0000 – $15,000 Depending on finishes.


 

View Picture here:

(copy and paste if the link does not work)

 

https://drive.google.com/drive/folders/13Ix4VIbTYVldZ83FRrt64uoeBXdCz5fr

Property Details

Price:
$25,000.00
Address:
14015 Pierson St.
City:
Detroit
State:
MI
Zip Code:
48223
Year Built:
1954
Terms:
For Sale
Property Type:
Home
Square Feet:
731
Bedrooms:
2
Bathrooms:
1
Basement:
No basement
Lot Size:
4,356
Const. Type:
Frame

Call 1-888-225-1533 for more details

Property Location

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on buying investment properties with us. Like us, follow us, connect!