Property Description:
We are selling an assignable contract for the property listed. Closing is set before 5/15/2018. Plenty of time to map out your plans for this home and align your funding.
Because of the privacy requests from the seller, we are only showing this to investors that can show POF. We are not accepting any "tire kickers" on this one. Serious investors only. If you have the funds and want to take advantage of this growing area of Detroit, then this property is for you.
***You pay all of seller's closing costs besides any back taxes or unpaid liens/utilities***
***Price has been adjusted based off of most recent comps (within 6 months) along the "West Outer Drive Corridor"***
This home includes a large lot and plenty of space for a family to grow or for a great rental property. Needs some cosmetic work and possibly a new roof, but mechanics are great. Estimated rehab between $20-30k, your ability to maximize your budget will tell you how much beyond a 20% ROI you can achieve. Price has built-in Realtor and Closing costs on the back-end.
Comps:
1) 19199 PENNINGTON Drive, Detroit 48221
2) 19530 ROSELAWN, Detroit 48221
Landlords - this presents an opportunity for the BRRR on a cash-out refinance. Rents will pull in around $10k per year. Your initial investment = 15+% ROI or way more with a BRRR (Buy-Rehab-Rent-Refinance).
Rentometer Analysis (rentometer.com/analysis/3-bed/4300-west-outer-drive-detroit-michigan-48219/13U2FZjYyEo)
Please email, call or text for pictures - I have over 80 pictures of the property. Call (313) 600-0000 or email: realpropertydetroit@gmail.com