Mount Clemens, Michigan - 4 BR/2 Bath- Price Reduced $26k

[Mike Herbon]

102 Washington Street, Mt Clemens, MI 48043

Price has been reduced to $26,000 

• -1860 SF, 3 BR + office, 2 bath, Large Garage
• -Roof new in 2007, All windows replaced in 2005
• -Open floor plan with a ton of potential!
• -Great structure! No signs of structural issues anywhere.
• -Built in 1905 in historic area of town.
• -Existing boiler system out of commission and radiators taken out of service (pipe all intact). *Needs new boiler & radiators or MORE likely upgrade to forced air.
• -All water lines were professional winterized prior to heat being shut off. -Wood siding needs minor repairs and to be re-painted, but could be re-sided (possibly with vinyl)
• -Typical rehab work needed: Needs new paint and flooring throughout. Kitchen and bath updates needed.
• -Large garage/barn. Needs siding restoration and garage door, but VERY structurally sound.

RECENT COMP- directly across the street -1780 SF- Sold Nov 2014 for $95k. 
Zillow estimates this property to be valued at $109,400.  ARV is $90k (Values are increasing in this neighborhood steadily).

Repairs:

New Furnace system 9,000, Wood siding repair and Painting 5,000, Flooring 3,500, Interior Painting 3,000, Kitchen updates 7,000, Bathroom updates 4,500, Garage Door 1,500, Misc Electrical Expenses 1,500, Closing and holding costs 3,000

Repairs/renovations estimated: 38,000

PHOTOS:https://www.dropbox.com/sh/jfm0tj6vo4t24df/AAB38eFh369E23CBNnZ3SRd2a?dl=0

Mike Herbon

Michigan Home Buyers, LLC

[email protected]

(586) 879-9502