$65,000
$68,500
5.1%For more information regarding the value of a property, please contact us for a free consultation.
16200 E STATE FAIR Street Detroit, MI 48205
3 Beds
1 Bath
1,074 SqFt
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
Style Bungalow
Bedrooms 3
Full Baths 1
Year Built 1951
Annual Tax Amount $1,049
Lot Size 4,356 Sqft
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
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Description 2 Car
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $240
Acceptable Financing Cash, Warranty Deed
Listing Terms Cash, Warranty Deed
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