Promise Land Realty
Dec 20, 20231 min
Updated: Feb 24
Single Family Investment Opportunity
Price
$55,000
Exclusive Off-Market Opportunity: 11250 Craft, Detroit, MI 48224
Property Overview:
Type: Solid Brick Single-Family Home
Bed/Bath: 3 Bedrooms / 1.5 Bathrooms
Tenant Occupied: Currently rented at $825/month
Condition Note: Has a roof leak that needs addressing
Property Photos: https://photos.app.goo.gl/Es3GgveAVw9cyysRA
Financials & Timeline:
Asking Price: $55,000
Comparables in the Area:
11320 Landsdowne: 3bd/2.5ba, Sold for $145,000 on 9/29/23
11327 Stockwell: 3bd/1.5ba, Sold for $125,000 on 11/8/23
11522 Laing: 3bd/1.5ba, Sold for $135,000 on 10/11/23
Investment Potential:
After Repair Value (ARV): Estimated at $135,000
Opportunity: Ideal for investors looking for properties with significant upside potential in a vibrant Detroit neighborhood.
Additional Notes:
This is a unique chance to acquire a below-market property in an area with rising property values.
Ideal for cash buyers or investors with quick access to financing.
Property is sold as-is. Inspection recommended for a comprehensive understanding of repair requirements.
Contact Information:
Submit Offers To: sarter@promiselandrealtyllc.com
Property Map
"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
sarter@promiselandrealtyllc.com
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top