Bloomfield Hills, MI · Member since 2017 · 27 posts · 1 vote
This ground floor end unit condo is currently halfway through a rehab. The seller no longer has the energy to complete the last phase. New water heater, new washer, new dishwasher. Needs about 700sf of carpet thrown down, 100 ft of baseboard (or paint touch up along the floor line), a stove, a few LED bulbs, grout touch-up, and perhaps a couple interior door handles if you're feeling generous.
Excellent BRRRR opportunity if you're looking to add rentals and refi your money out. Most recent rental was $900 / month for a similar unit, and two others rented last year for $850. Strong comps in the complex to support an appraisal.
$300 HOA covers gas, water, garbage, and ground, pond, and pool maintenance.
Purchase Price is $45,000, plus all closing costs.