Detroit, MI 48238,15926 LINWOOD Street

$20,000

Est. payment /mo

$40,000

50.0%
Est.Price: ?

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15926 LINWOOD Street Detroit, MI 48238

2 Beds

2 Baths

2,400 SqFt

SOLD DATE : 02/09/2022

Key Details

Sold Price $20,000

Property Type Multi-Family

Sub Type Colonial,Duplex,Split Level

Listing Status Sold

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $8

Subdivision Robert Oakmans Puritan Park (Plats)

MLS Listing ID 2200024141

Style Colonial,Duplex,Split Level

Bedrooms 2

Full Baths 2

Year Built 1926

Annual Tax Amount $1,079

Lot Size 3,484 Sqft

Property Description

This is priced to sell----this home has more than meets the eye......you could actually make this a 2 3 bed units and 1 2 bed unit increasing you NOI....this is a full rehab projected to be around $55000 to 70k depending on your ability to purchase material and control of labor cost. If you are a novice or new to the game, this is not for you. Experienced investor can turn this around on the lower end and make bank! Even after the rehab and the cost of the structure you still end up with equity in the structure. Win Win!!!

Remember--this is a HOLD not a FLIP---price is firm as the completed project your return will be solid--$1100 to $1300 per unit and with the bonus unit another $550 per month--bringing this unit to a comfortable to a $3000 to $3200 per month or up to $38,400.00 per year ROI...How do you not win with this project?

NO DOWN PAYMENT ONLY CLOSING COST!!!!!! QCD only CASH ONLY--BUYER TO USE SELLERS CLOSING AGENT - Buyer to assume all back taxes and water

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family

Interior

Heating Baseboard

Exterior

Garage Spaces 4.0

Roof Type Asphalt

Building

Foundation Basement

Sewer Sewer at Street

Water Public (Municipal)

Structure Type Brick

Schools

School District Detroit

Others

Acceptable Financing Cash, Contract, Quit Claims Deed

Listing Terms Cash, Contract, Quit Claims Deed

Read Less

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Realcomp MLS
Listed by Rebecca J Hale of Hale Realty
Bought with Hale Realty
agent

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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