MICHIGAN REAL ESTATE INVESTORS

1380 Grant Ave, Lincoln Park, MI 48146

3 Bedrooms / 1 Baths / Single Family

Property Status: Available (Wholesale) |  For Sale: $289,000.00


Property Photos


7 Unit Package!! Deep Discount!! Section 8 Cashflow!


Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $289,000.00
Property Details:
3 Bedrooms / 1 Baths / Single Family
Property Style:
Ranch
Year Built:
1924
Finished Sq Ft:
1,344
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
Contact Info
Property Description:

Assigning my interest in 6 properties (7 units). All are occupied, month-to-month, section 8 rentals. Prefer to assign as a package.

Estimated Package Value: $382,000. Asking: $289,000. Seller pays their own closing costs! Perfect to BRRRR without the rehab, tenant placement, or seasoning period.

Landlord takes good care of the properties. Many have been occupied long term, and the following information is to the best of Owner's knowledge:

225 Richter, River Rouge, MI - brick, 866 sq ft including enclosed porch, 2 bed, garage and basement. Roof ~ 10yrs old, copper plumbing, vinyl windows. Furnace/hwt age unknown. Collecting $684.00/mo. Estimated value: $36,000.

44 W Benson St, Ecorse, MI - 2 units; 2 beds up, 2 beds down, 1232 sq ft, no garage, on a crawl. Furnace/hwt ~ 7 yrs old, roof ~ 6 years, copper plumbing, vinyl windows. Collecting $1,725.00/mo. Estimated value: $65,000.

4524 5th, Ecorse, MI - beautiful 3 bed, 1 bath, 920 sq ft, basement, no driveway, no garage. Furnace/hwt age unknown, roof ~ 2 years old, copper plumbing, vinyl windows, owner believes A/C is present. Collecting $750.00/mo. Estimated value: $46,000.

36 Charlotte E, Ecorse, MI - 3 bed, 1 bath, 928 sq ft, bungalow with covered porch, on basement, no garage. Roof/hwt ~ 10 yrs old, roof ~ 5 yrs old, copper plumbing, vinyl windows. Collecting $800.00/mo, paid 100% by section 8. Estimated value: $42,000.

4151 Fordline, Lincoln park, MI - 3 bed, 1 bath, 875 sq ft, slab, no garage. Furnace, not sure. Hwt ~ 10 yrs old. Roof ~ 15 yrs. Copper plumbing. Vinyl windows. Collecting $1,214.00/mo. Estimated value: $88,000.

1380 Grant Lincoln Park, MI - 4 bed, 1.5 bath, 1344 sq ft. Roof, furnace, hwt, carpet all within last 1-2 years. Copper plumbing, vinyl windows. Basement, back alley garage. Collecting $1,100/mo. Estimated value: $105,000

Tenants pay utilities on all properties with the exception of Benson and Fordline properties.

All properties have a current C of O.

Goes without saying, Buyer must independently verify all information.

Exterior Photos: drive.google.com/drive/folders/1-69LkNEcmqcnYWvb3K0xJVBhdLftgpiF - I have not yet walked the properties.

If interested, please send a "soft offer" based on information provided, along with POF to 248-821-2713. Serious Buyers only, please. Will coordinate walk-throughs for the right Offer.


Happy Investing,

Ziad Almufti
Investor/Realtor
(248) 821-2713



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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