$20,000
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15926 LINWOOD Street Detroit, MI 48238
2 Beds
2 Baths
2,400 SqFt
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
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Bought with Hale Realty