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Rosedale Park Detroit Fix and Flip Property ARV $155k – Upgrade Property and Sell for 55% Gross Return

Rosedale Park Detroit Fix and Flip Property ARV $155k – Upgrade Property and Sell for 55% Gross Return

Rosedale Park – Fix and Flip Property ARV $155k.

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 desirable kitchen / diner area and formal dining room. Upstairs you’ll find 3 bedrooms including a MASTER bedroom and a full bath. Has new vinyl window as newer roof and a 2 car garage.

The Opportunity:

This property needs the cosmetic rehab to achieve ARV . Will benefit from a kitchen facelift and the bathrooms remodelled.

Properties in this Rosedale Park neighborhood retail for $155k 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 $84,500
Rehab for $15,000
Total Investment: $99,500

After Repair Value (ARV): $155,000

Gross Return: $55,500

Gross %: 55.7%

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