Updated: Oct 9
Off-Market Opportunity: Turnkey Investment in Redford, MI
Welcome to 9650 Chatham, a hidden gem in Redford, Michigan! This off-market listing offers an incredible opportunity for savvy investors looking for a turnkey property with substantial equity potential.
Address: 9650 Chatham, Redford, MI 48239
Square Feet: 957
Sales Price: $83,000
Exceptional Equity: This property boasts an After Repair Value (ARV) of $190,000+, offering investors a significant potential for profit.
Turnkey Opportunity: 9650 Chatham is move-in ready and will be delivered vacant. A recent tenant just moved out, and the property is in excellent condition. No need for extensive renovations or repairs.
Rental Income Potential: The previous tenant was paying $1,250 per month, showcasing its strong rental income potential. Investors can choose to rent it out or flip for quick returns.
Ideal Location: Redford, MI, is known for its stable real estate market, making it a solid choice for long-term investments. This property is in the heart of Redford, ensuring great demand from renters or potential buyers.
Proven Property Management: This property is managed by Marketplace Homes, one of the best property management companies in Detroit. Rest assured, your investment will be in capable hands.
Comparable Sales: Just across the street, the property at 9656 Chatham recently sold for $145,000, highlighting the strong potential for value appreciation in this neighborhood.
Contact Information: For inquiries and to submit offers, please contact:
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Don't miss out on this exclusive off-market opportunity to secure a profitable investment in Redford, MI. The potential for equity and rental income, combined with recent comparable sales, makes 9650 Chatham an investor's dream. Act now to capitalize on this hidden gem in the Detroit real estate market!
Property Comp Report
"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*