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
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.
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