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Fix&Flip (Vacant): 14968 Promenade St, Detroit, MI 48213 + 45,000

  • Oct 23, 2023
  • 2 min read

Updated: Jan 1

Single Family Investment Opportunity














Price

$45,000


Off-Market Investment Opportunity — Detroit Eastside Finish-Out Deal


Address: 14968 Promenade, Detroit, MI

Beds/Baths: 3 Bedrooms / 2 Bathrooms

Square Footage: 1,322 sq. ft.

Asking Price: $45,000 (Cash)

Estimated Rehab to Finish: ~$30,000

After Repair Value (ARV): $150,000+

Estimated Market Rent (Post-Rehab): $1,350+/month


Property Overview

This is a strong off-market opportunity in Detroit’s Eastside for investors seeking a nearly completed renovation with the heavy lifting already done. Unlike a typical gut rehab, this property is well past the demo stage and positioned as a finish-out project, offering a faster path to stabilization or resale.




Major Improvements Already Completed

  • Fully gutted and re-drywalled

  • New main structural support beam

  • All new mechanical systems

  • Clean slate ready for finishes (flooring, kitchen, baths, paint, fixtures)


Investment Highlights

  • Substantial value already added through structural and mechanical upgrades

  • Ideal for cash investors looking for a quick flip or buy-and-hold

  • Solid ARV with strong rental demand in the area

  • Off-market deal — no public competition


Why This Deal Works

With an all-in cost well below market value, this property offers excellent upside for investors who can complete the final phase efficiently. Perfect for contractors, flippers, or landlords looking to deploy capital into a project that’s already de-risked structurally.



Property Map:




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



PROMISE LAND REALTY, LLC


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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