Rental Diamond in the Rough in Inkster, Michigan

[Jim Bowser]

ARV $20,000

COST OF REPAIRS: $7,000 – 9,000 Depending on purpose: Rental or Retail Sale

PRICE TO ASSIGN CONTRACT $7,000

AREA RENTS: $700-750 RETURN OF PURCHASE PRICE IN 3 1/2 YEARS!!

26210 Yale, Inkster, MI 48141

Aluminum ranch style, vacant former rental. 2/1 with 683 sq ft. on a quiet street with very nice houses across street in particular and in the area in general. Some others on block and in area are being renovated currently. The following are the more recent renovations (2008) to the house: roof and gutters, ceramic tile in kitchen and bathroom, ceramic tile shower, pedestal sink in bathroom, new kitchen cupboards and countertop, sink in kitchen, vinyl windows throughout, coved stucco ceiling in nice sized living room, steel front door, Upgraded electric - breaker box in basement. Extra supplies from extensive rehab in 2008 stored in basement. Large eating area in Kitchen. Lots of closet space in front foyer, and each bedroom. Pantry closet in kitchen. Lots of storage in basement. Unfinished basement with metal double sink and lots of room for storage. Ready for washer and dryer. Has Laundry chute to basement. Only needs a furnace and hot water heater to hook up - all piping in place. One window needs fixing in basement. Needs repainting throughout. Needs carpet in living room, 2 bedrooms and back hall. Needs new mini blinds for windows. Kitchen and bath finished - just paint and clean up as rest of house. Tub needs new faucet and shower fixture. Large fenced back yard - trees and bushes along sides. All needs trimming, one large stump and few smaller ones need to be removed and some landscaping would really shape place up. Pine tree in front would be beautiful once trimmed up. Small piece of aluminum siding missing on North side at top of peak, and few corner pieces missing on north front corner. Siding, roof and gutters only need to be washed off. Needs furnace and hot water heater - repairs mostly cosmetic. Call Jim for showing (586) 242-6238.

Link to Pictures:

https://www.dropbox.com/s/5vcdat7dmsblhu1/26210%20Yale%20Details.docx?dl=0

Buyer is purchasing my interest by assignment in the contract for the sale of this house. Buyer shall conduct their own inspection and not rely on the information in this flyer. First to enter into a signed contract and provide an earnest money of $1,500.00 will get the house.