Cheap Brick Duplex
Detroit, Michigan
Nottingham Court Sub
Listings Stats
Published:
Dec 24, 2023
Last Edited:
Mar 29, 2024
Listing Type:
Wholesale
Listing Status:
Available
Number of Views:
249
Days On Flippery:
147
Number of Favorites:
0
The Numbers
Asking Price ($):
$55,000
After Repair Value:
$119,021
Est. Cost of Repairs:
$12,000
Est. Gross Profit:
$52,021
Description of Property
Estimated ARV is $119k
Property is a Brick Duplex with two separate units
2 Beds and 1 Bath each unit
Property will be delivered vacant upon closing.
Buyer has to do own due diligence
Buyer pays all closing costs.
If interested, please respond with your offer and desired schedule to visit the property
You may also contact us at (***) *** **** if more information is needed
Description of Repairs
10868 property is currently vacant, and has a new roof but needs basic updates such as painting, flooring, and cosmetics.
10862 property is tenant-occupied and pays $800 per month, property is in decent condition and only needs cosmetic updates.
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Access:Message Me
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Build Year:1941
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Home Area(sqft):1,868
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Bedrooms:2
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Property Type:Duplex
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Occupancy:Tenant Occupied
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Lot Size(acres):0.15
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Bathrooms:1
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Foundation:Slab
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Parking:Detached Garage
The Numbers
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Asking Price ($):$55,000
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Est. Cost of Repairs:$12,000
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After Repair Value:$119,021
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ARV Price/Sq Ft:$63.72
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Est. Gross Profit/Equity:$52,021
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Price Negotiable?:Yes
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Purchase Option:Cash, Hard Money,
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Est. Mthly. Rental Rate:$800
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Earnest Money Deposit:$1,000
Comparables
Not Available
Property Inspection
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Date:December 27, 2023
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Start Time:12:00 PM
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End Time:04:00 PM
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