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Buy&Hold (Rental): 11250 Craft St, Detroit, MI 48224 + AVAILABLE

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



Financials & Timeline:

  • Asking Price: $55,000


Comparables in the Area:

  1. 11320 Landsdowne: 3bd/2.5ba, Sold for $145,000 on 9/29/23

  2. 11327 Stockwell: 3bd/1.5ba, Sold for $125,000 on 11/8/23

  3. 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:


Property Map




"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE"






PROMISE LAND REALTY, LLC

Work: 864-762-2509


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

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