MICHIGAN REAL ESTATE INVESTORS

16527 Stansbury Ave, Detroit, MI 48235

Single Family / 3 Bedroom(s) / 1.5 Bath(s)

Property Status: Pending (Wholesale) | For Sale Pending (Wholesale): $59,900.00


Property Photos


Updated Kitchen. Market Rent $1100+. Brick. Vacant.


Property Status:
This Property is currently...
  • Status: Pending (Wholesale)
  • For Sale Pending (Wholesale): $59,900.00
Property Details:
Single Family / 3 BR / 1.5 BA
Property Style:
1-Story
Year Built:
1938
Finished Sq Ft:
1,200
Basement:
Unfinished Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
Contact Info
Pure Equity Investments LLC
(810) 908-6470

View on Individual's Website
Property Description:
Photos: photos.app.goo.gl/tDwMmaV96rcoGYA5A

UPDATES

💧 Updated Kitchen Cabinets/Backsplash
💧 Updated Stainless Steel Appliances
💧 New Roof 12 years ago
💧 New Furnace 12 years ago
💧 Has an AC

VALUE ADD OPPORTUNITIES

💧 Place tenant at $1100 per month or above
💧 Complete half bath in basement

INVESTMENT FINANCIALS

💧 Price: $59,900 (ARV ~$85,000)
💧 Spread: ~$25,000
💧 Return Rate: ~20%+
💧 Market Rent: $1100+/m2m
💧 Insurance: ~$40/month
💧 P Management: ~$110/month (if wanted)
💧 Taxes: ~$2000 per year
💧 Potential Cashflow: $13,200+ per year

PROPERTY DETAILS

💧 3 Bedrooms
💧 1.5 Bathroom
💧 ~1200 sqft
💧 Full Basement
💧 Built in 1938
Photos: photos.app.goo.gl/tDwMmaV96rcoGYA5A

DESCRIPTION

💧 High-demand location for this investment in 48235. Market Rent is ~$1100+. Updated Kitchen with Backsplash & Stainless Steel appliances. Hardwood floors throughout. The house is brick and has a full basement with half bath. Property has been well maintained. Roof is 12 years old, Furnace is 15 years old. Nice buy & hold opportunity.

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.

Contact Us

Michigan Real Estate Investors

3676 Clarkston Rd., Suite A
Clarkston, MI 48348
(248) 394-0150

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