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High Return Fix and Flip Properties ARV $150k – Bagley, Detroit

17311 Woodingham Drive, Detroit, MI, USA
$78,500

Description

Perfect Fix and Flip Property ARV $150k.

Large brick 3 bedroom COLONIAL in the sought after BAGLEY area of Detroit. ARV $150k cosmetic upgrades needed. Huge living room with FIREPLACE, perfect for those long winter nights. Large basement for storage needs! A beautiful home for a lucky buyer. Property has just need final cosmetic upgrades and new windows. Great deal for a investor  selling to a retail buyer.

The Opportunity:

This property needs the cosmetic upgrades and will benefit from new windows.

Properties in this Bagley neighborhood retail for $150k to retail mortgage approved buyers. It is a hot neighborhood for flip.

Here are addresses of neighbouring properties sold in the last during the last 90 days:

17600 Pennington Drive, Detroit 48221 – $134,000– SOLD 06/28/2018
18287 Pennington Drive, Detroit 48221 – $153,000 – SOLD 08/27/2018
8549 Marygrove Drive, Detroit 48221 – $135,000 – SOLD 06/22/2018
18067 Pennington Drive, Detroit 48221 – $150,000 – SOLD 05/30/2018

The Financials:

Purchase for $78,500
Rehab for $20,000
Total Investment: $98,500

After Repair Value (ARV): $150,000

Gross Return: $51,500

ROI: 52.2%

  • Address: 17311 Woodingham Drive, Detroit, MI, USA
  • City: Detroit Metro
  • State/county: Michigan
  • Zip/Postal Code: 48221
  • Neighborhood: Bagley
  • Country: United States

Detail

Updated on September 28, 2018 at 9:10 am

  • Price: $78,500
  • Property Size: 1806 sqft
  • Land Area: 4356 sqft
  • Bedrooms: 3
  • Bathrooms: 1.5
  • Garage: 1
  • Year Built: 1928
  • Property Type: Fix & Flip Homes for Sale
  • Property Status: For Sale

Contact info

EHG Group
EHG Group
(800) 822 1724(248) 825 6590

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