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Buy&Hold (Rare Opportunity): 7359 Kipling Detroit MI 48206 + UNAVAILABLE

Updated: Jan 20

Single Family Investment Opportunity










Price

$330,000


6 Bedrooms 3.5 Bathrooms 2,800 SF


Introducing a Hidden Gem in the Historical Boston-Edison District of Detroit!

1642 Edison Street, Detroit, MI


Welcome to this stunning off-market listing in the prestigious Boston-Edison District, a neighborhood rich in history and architectural beauty. This remarkable property has undergone recent renovations, requiring only light cosmetic touches to unlock its full value potential.


With careful updates throughout, including a new furnace, hot water tank, flooring, and updated kitchen and bathrooms, this home blends modern convenience with the charm of its historic surroundings. The waterproof basement adds an extra layer of functionality and peace of mind.


Spanning three floors, this spacious property boasts five bedrooms, three full bathrooms, and an additional half bathroom in the basement. The flexible layout and generous livable square footage make it a versatile investment opportunity. The after repair value of this property falls between $424,000 - $500,000, depending on the optimal utilization of its space.


One standout feature of this home is the separate entrance for the basement, offering tremendous potential for income generation. Imagine the possibilities! This property presents an ideal candidate for a strong short-term rental or a long-term corporate lease, maximizing your rental income and attracting a diverse range of tenants.


Don't miss out on this fantastic investment opportunity! Submit all offers directly to sarter@promiselandrealtyllc.com, as this property is an off-market gem that won't be available for long.


Whether you're a seasoned investor looking for a lucrative addition to your portfolio or an entrepreneur seeking a prime income-generating property, 1642 Edison Street is ready to make your real estate dreams a reality.


Act now to secure your stake in Detroit's flourishing market and embrace the charm of the historical Boston-Edison District. Schedule a viewing today and unlock the potential of this hidden treasure!


Note: Additional property details, photos, and a comprehensive analysis are available upon request. Contact us today to learn more and seize this incredible opportunity.


Disclaimer: All information provided is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own due diligence and verification of property details.



Property Comps



Property Aerial View



"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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