MREI | 16527 Stansbury Ave, Detroit, MI 48235

This Property is Not Active

16527 Stansbury Ave, Detroit, MI 48235

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

Property Status: Not Available | $59,900.00 (Wholesale) |

Property Photos

Contact Info

Pure Equity Investments LLC
(248) 238-8391

Request To See This Property

Google Map:
Michigan Detroit

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

Property Status:
Not Available | $59,900.00 (Wholesale)

Contact Info

Pure Equity Investments LLC
(248) 238-8391

Request To See This Property

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.

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 is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. 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 nor will be held liable for the property or the information listed here.

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.

Extended Menu

This Property is Not Active

16527 Stansbury Ave, Detroit, MI 48235

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

Property Status: Not Available | $59,900.00 (Wholesale) |

Property Photos

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

Property Status: Not Available | $59,900.00 (Wholesale)

Contact Info

Property Details:

Single Family / 3 BR / 1.5 BA

Property Style:

Year Built:

Finished Sq Ft:

Basement:

Owner / Agent:

Property Features:

Property Description:

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Property Status:
Not Available | $59,900.00 (Wholesale)