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Buy&Hold (Vacant): 12945 FORRER ST, DETROIT, MI 48227 + AVAILABLE

Single Family Investment Opportunity






Price

$69,000


Exclusive Off-Market Listing for Investors - 12945 Forrer Street, Detroit, MI 48227


Prime Investment Opportunity in Detroit

Introducing an exceptional off-market investment opportunity at 12945 Forrer Street, Detroit, MI 48227, tailored for the discerning investor. This brick property, featuring 3 bedrooms and 1.5 bathrooms with a basement, is ripe for cosmetic rehab, presenting a perfect canvas for transformation. Positioned for significant value addition, this asset is a strategic pick for investors aiming to capitalize on Detroit's real estate market.




Property Highlights:

  • Construction: Brick

  • Configuration: 3 Bedrooms / 1.5 Bathrooms

  • Additional Features: Basement

  • Rehab Needs: Cosmetic Updates

  • Asking Price: $65,000

  • Estimated After Repair Value: $165,000

Leverage this offering's potential, underscored by compelling neighborhood sales:

  • 13517 Rutland Street: Sold for $189,900 on 12/31/2023

  • 12840 Rutland Street: Sold for $150,000 on 11/8/2023

  • 12896 Rutland Street: Sold for $199,900 on 9/21/2023

  • 14175 Mansfield Street: Sold for $175,000 on 9/26/2023

These comparables highlight the lucrative upside of investing in 12945 Forrer Street. With an asking price significantly below the estimated value, the property presents an excellent opportunity for profit through renovation and resale or as a high-yield rental property.


Investor Advantages:

  • High Equity Potential: Offered well below market value to facilitate a quick sale and allow for substantial equity gain post-rehab.

  • Market Trends: Supported by strong comp sales in the vicinity, showcasing robust market demand and investment viability.

  • Strategic Location: Nestled in a desirable Detroit neighborhood, the property promises growth and community appeal.


For an extensive view of the property, including photos, please visit Dropbox Photo Gallery.

Offer Submission: We invite all interested investors to submit their offers directly to investments@promiselandrealtyllc.com. Our process is designed for transparency and efficiency, aiming for the best investment returns and community impact.

Seize this chance to own a promising piece of Detroit's real estate landscape. This off-market deal at 12945 Forrer Street is not just a property investment; it's a stake in Detroit's future.


Inquiries and Viewing: To learn more or to schedule a property viewing, please contact us via the provided email. We're here to facilitate your investment journey every step of the way.


Contact Information:


Embark on your next investment venture with this compelling off-market listing in Detroit.


Property Comps:



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





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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