Investors for Detroit property Woodbridge

[Eric Warren]

Hi all, 

I'm just looking at the future here. I am soon to inherit my childhood home in the Woodbridge/Midtown area in Detroit. It's a big old house and once my grandma passes on (she's not doing too well) it will likely fall on me. As with most big old houses it needs A LOT OF WORK! It is a duplex and neither side has been updated since the 70's. My mom and sister don't have the capital for it and I surely don't by myself. It will take a lot of money up front for the renovations; nearly a complete gut job on both sides. Is this something real estate investors do or are interested in?

[Ryan Warren]

Hi @Eric Warren

If the property is in need of major rehab work more than likely only people that are interested in purchasing it are investors. I know that area well and have several buyers that would be potentially interested in that area. I'm a local real estate agent in the and when the time comes can help with different options to go about selling the property.