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PERFECT Fix and Flip Property ARV $170k – Complete the rehab and collect $52k EQUITY

15052 Artesian St, Detroit, MI 48223, USA
$92,500

Description

Perfect Fix and Flip Property ARV $170k.

In the most sought after neighborhood in Detroit, ROSEDALE PARK, this beauty will make the perfect investment!

The Description:

On the first floor you’ll find a natural FIREPLACE in the living room, with a newly renovated open floor plan. Upstairs you’ll find 3 bedrooms including a MASTER bedroom and a full bath. This home has a new roof, new electric in the kitchen, interior walls are brand new, as well as the insulation in the attic. This large COLONIAL also has an upgraded service panel to meet all your appliance needs. Selling As-Is.

The Opportunity:

This property needs the cosmetic rehab to be completed. Current out-of-state owner started the rehab but was unable to finish the work. It also requires a new kitchen installed and bathrooms remodelled.

Properties in this Rosedale Park neighborhood retail for $170k 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:

14461 Faust Avenue, Detroit, Michigan 48223 – $158,850 – SOLD 07/19/2018
15100 Artesian Street, Detroit, Michigan 48223- $155,000 – SOLD 05/18/2018
14920 Faust Avenue, Detroit, Michigan 48223 – $161,000 – SOLD 07/16/2018
14450 Stahelin Avenue, Detroit, Michigan 48223 – $198,000 – SOLD 07/16/2018

The Financials:

Purchase for $92,500
Rehab for $25,000
Total Investment: $117,500

After Repair Value (ARV): $170,000

Gross Return: $52,500

ROI: 44.6%

  • Address: 15052 Artesian St, Detroit, MI 48223, USA
  • City: Detroit Metro
  • State/county: Michigan
  • Zip/Postal Code: 48223
  • Neighborhood: Rosedale Park
  • Country: United States

Detail

Updated on December 19, 2018 at 10:03 pm

  • Price: $92,500
  • Property Size: 1463 sqft
  • Land Area: 6098 sqft
  • Bedrooms: 3
  • Bathrooms: 1.5
  • Garage: 2
  • Year Built: 1923
  • Property Type: Fix & Flip Homes for Sale
  • Property Status: Sold

Contact info

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

Enquire about this property