This Property is Not Active

18940 Rutherford St, Detroit, MI 48235

Single Family / 2 Bedroom(s) / 1.5 Bath(s)

Property Status:  Not Available | $55,000.00 (Wholesale) | 

Property Photos

18% ROI and $600+ Cashflow: Nice Brick Ranch in a Nice Neighborhood

Property Status:
Not Available | $55,000.00 (Wholesale)
Property Details:
Single Family / 2 BR / 1.5 BA
Property Style:
Year Built:
Finished Sq Ft:
Unfinished Basement
Owner / Agent:
Property Features:
No Property Features Listed.
Contact Info
(313) 451-0602

View on Individual's Website
Property Description:
** Assignment of Contract **

2 Beds/1.5 Bath/Brick/Ranch/Unfinished Basement
Year built: 1962
Heating: Forced Air, Natural Gas
Lot: 4,356 sqft
Asking price: $55,000 (Assignment of Contract) or Best Offer
ARV: $110,000
Occupancy: Currently tenant occupied, MTM, current on payment (have been managed by a professional PM company, can continue to manage if needed)
Income: Similar houses in the neighborhood are renting for ~ $1100-1200 (ROI 18% and cashflow $600+/month)

Other features: Located in the College Drive neighborhood, only 10 minutes away from Lawrence Technological University and University of Detroit Mercy College of Engineering and Science. Very nice block. The house is listed on MLS as 3 bedrooms(can be converted back to 3 beds easily)

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

Michigan Real Estate Investors is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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