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Updated over 10 years ago,

User Stats

73
Posts
8
Votes
Barima Opong-Owusu
Pro Member
  • Real Estate Professional
  • Novi, MI
8
Votes |
73
Posts

Canton Michigan Rehab with Profits of $30K+

Barima Opong-Owusu
Pro Member
  • Real Estate Professional
  • Novi, MI
Posted

7708 Sussex Dr

Canton, MI 48187

Purchase Price ~ $143,000 After Repair Value: $205-220,000

Canton Rehab Property
This 1971 Canton Colonial is a 4 bed 1.5 bath with huge upside. The home has an open layout and is in need of updating. Hardwood is underneath the carept on the main floor. It has a 2 car garage and full basement. It is located in a beautiful neighborhood in the award winning Canton school district.

Repairs:
Repairs are estimated at approx $30,000 depending on the level of rehab.
Roof, exterior painting, landscaping (yard is overgrown), interior painting, flooring (hardwood under carpet), kitchen countners and appliances, bathrooms (full redo's), hot water heater.

Detailed Repair Analysis *All numbers are estimates*

Pictures:

https://plus.google.com/photos/113462495359185633244/albums/6022290257813864817


Value:
ARV of this home is $205-220K

Sold Comps:

Comprehensive Comp Report

7533 Hillsboro Dr $212,500 08/05/2013 4 2.0 1,786 8,276 1971 $118 0.11
7424 Sussex Dr $200,000 08/07/2013 3 1.5 1,640 3,484 1972 $121 0.13
7523 Pointe Dr $202,500 11/13/2013 4 2.5 1,639 7,405 1972 $123 0.07


Inquiries/Access: Please call Barima @ 248-384-8644 or Tom 262-345-2274 to discuss interest in home

  • Barima Opong-Owusu