$65,000
$68,500
5.1%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1 Bath
1,074 SqFt
SOLD DATE : 06/16/2023
Key Details
Sold Price $65,000
Property Type Single Family Home
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 1,074 sqft
Price per Sqft $60
Subdivision Avalon Heights (Plats)
MLS Listing ID 20230037183
Sold Date 06/16/23
Style Bungalow
Bedrooms 3
Full Baths 1
Originating Board Realcomp II Ltd
Year Built 1951
Annual Tax Amount $1,049
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 32.00 x 139.00
Property Description
OPPOSITE OF FANNIE MAE OR HUD! WE'RE GIVING THE INVESTORS THE FIRST SHOT! GREAT PROPERTY FOR A TRUE "CASH", LONG-TERM INVESTOR, SEEKING A LIQUIDITY SHELTER + CASHFLOW + APPRECIATION. TRUE CASH ON CASH ROI NEAR 17%. MAKE THE PURCHASE, INVEST ANOTHER $3,500 OR LESS IN TLC, PLACE A SOLID TENANT AT $1,250, COLLECT YOUR CASHFLOW AND WATCH THE APPRECIATION. THIS IS A GREAT PROPERTY FOR THE "BRRR" STRATEGY. WITHOUT QUESTION, THIS PROPERTY WILL GAIN $50K IN VALUE IN UNDER 36 MONTHS. (I AM BEING ULTRA CONSERVATIVE HERE.) THIS IS A NO-BRAINER FOR A "TRUE" INVESTOR. THIS DEAL IS SOLID. THE NUMBERS ARE REAL. THERE WILL NOT BE A LOT OF NEGOTIATION. PLEASE DO NOT WASTE THE TIME OR ENERGY. (SEE ATTACHMENTS FOR ROI SPREADSHEET AND PUNCH LIST FOR RENTAL READINESS.)
Location
State MI
County Wayne
Area Det 8 To Gratiot/Houston To 7
Direction 8 MILE TO KELLY, SOUTH TO STATE FAIR
Rooms
Basement Partially Finished
Interior
Interior Features 100 Amp Service, Circuit Breakers
Heating Forced Air
Heat Source Natural Gas
Exterior
Garage Detached
Garage Description 2 Car
Pool No
Roof Type Asphalt
Road Frontage Paved
Garage 1
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Bungalow
Warranty No
Level or Stories 1 1/2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I023995S
Ownership Short Sale - No,Private Owned
Assessment Amount $240
Acceptable Financing Cash, Warranty Deed
Listing Terms Cash, Warranty Deed
Financing Cash,Warranty Deed
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