Property Description:
Investment Potential:
This property offers an extremely low entry point at only $6,900, creating a rare high-upside opportunity for investors who specialize in value-add or redevelopment projects. With an ARV of $100,000, the spread is substantial, allowing room for a complete transformation while still maintaining strong equity. The home has fire damage on the second floor and will require a full rehab, including rebuilding the affected areas, replacing windows, and addressing mechanical updates. However, the foundation shows no reported issues, the layout provides over 1,000 sq. ft. of living space, and the structure remains a viable candidate for a full restoration.
Once renovated, the property has multiple exit strategies: it can be repositioned as a clean retail flip in a price-sensitive market or held as a strong rental asset, given the consistent demand for three-bedroom homes in this area. Delivered vacant at closing, investors can begin work immediately without delays. For those seeking a deep-value acquisition with significant equity potential and the chance to control the entire scope of renovation, this is one of the strongest price-to-ARV opportunities currently available in Detroit
Asking Price: $6,900
ARV: $100,000
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Details
3 Bedrooms / 1 Bathroom
1,050 sq. ft.
Lot Size: 4,791 sq. ft.
Year Built: 1943
Attached Garage
Full Basement
Vacant at Closing
Closing: By 08/15/2026
EMD: Required within 24 hrs of signing
Buyer Agents: Welcome – 2.7% commission
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