RENTAL OR REHAB PROFITS! – EASTPOINTE, MI - OFF MARKET

[Jim Bowser]

Dynamite Rental or Rehab!

Brick Bungalow in Eastpointe in good shape and ready to rent out with some TLC! Needs: paint, carpet and clean up of basement and basement full bath to rent at $1200/month.  

Alternatively, would make a profitable rehab to sell to a retail buyer. Comps place the house in the $133,000 to $140,000 ALV range.

Repairs for rental $9,000 and for Rehab $20,000 max. 4 BR, 1.75 Baths, 1,484 Sq. Ft., hardwood throughout, Natural fireplace in living room and basement, 2.0 detached garage ( extra deep). Full basement. May need a new HWH or maybe just the pilot. Furnace, air, brick, windows and roof all good. Nice street and neighborhood. Needs some concrete leveling in rear driveway. With power wash, deck would be a huge asset. Large door wall from bedroom out to deck.

Dropbox Photos: https://www.dropbox.com/sh/8fiijpragaxjhtt/AACzHFUPNw_8RJMfcjN6fWnKa?dl=0

$75,000 Cash purchase only. Buyer pays Seller’s closing costs. You are purchasing our assignable interest in the Purchase Agreement. Must enter into the Assignment Agreement and deposit a non-refundable $2,500 earnest money with Transnation Title to get the property.

If interested, contact Jim at (586) 242-6238 or at [email protected].