Fix&Hold (Vacant): 18530 McCormick St Detroit, MI 48224 + AVAILABLE
- Apr 4, 2023
- 1 min read
Updated: Jan 20, 2024
Single Family Investment Opportunity
Price
$39,000
3 Bedrooms 2 bathroom - 1053 SF
Looking for a solid investment property in the City of Detroit? Look no further than this spacious frame house, boasting 3 bedrooms and 2 bathrooms spread across 1053 square feet. While the property will be delivered vacant at closing, the potential for a high ROI is undeniable.
Although the house does require some updating to reach its full After Repair Value of $105,000+, the recently sold comp .2 miles away from the subject property indicates that this is a highly achievable goal. Furthermore, with similar properties in the area renting for $1200, there is ample opportunity to generate strong rental income and build long-term equity.
Overall, this property represents a fantastic opportunity for investors looking to make their mark in Detroit's thriving real estate market. Don't miss out on your chance to take advantage of this exciting opportunity – schedule a viewing today!
Please submit all offers directly to sarter@promiselandrealtyllc.com
Property Photos: https://photos.app.goo.gl/RXuMjfcrHRag2Qd76
Property Comps:
"Your #1 Source for Discounted 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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