MLS # 20261014662 (Realcomp)

Seasoned investors, this one's for you. Cash buyers only. The numbers speak for themselves: List Price: $28,000 | ARV: $89K–$110K | Market Rent (remodeled): $1,200–$1,500/mo. There is also plenty of active fix & flip activity in the neighborhood, just ask me for the comp list! This 3-bedroom bungalow sits less than a half mile from the suburb of Warren. The seller has not accessed the interior, however, a prior listing states the property features original hardwood floors, an oversized family-style kitchen, and a walk-in closet in the upstairs bedroom. There may be a potential squatter on the property. You'll receive clear title and warranty deed at closing. The seller can not provide access to the property. An experienced investor would know that the 4–6 weeks it may take to legally remove the occupant is simply part of the process, not a dealbreaker. Seller is motivated and selling strictly as-is, where-is. Clean title guaranteed. Here's your opportunity to add a profitable fix & flip or a renovate-rent-hold cash cow to your portfolio. Submit your best offer, the spread on this one is real!
Source: SparkMLS
Located in Mt Olivet in Detroit, this property offers 3-bedroom, 1-bath, 965 sq ft, with original construction dating to 1943.
Final sale price: $12,000 (about $12/sq ft).
Property tax estimate: $1,412 per year ($118/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
E GOULBURN 66 S 4 FT 67 W 9 FT OF VAC ALLEY ADJ WALTHAM MANOR SUB L54 P55 PLATS W C R 21/879 44 X 123.50
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Gentraia Brown
REMAX City Centre
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
20218 Goulburn Street, Detroit, MI 48205
View full property history →
Neighborhood
Mt Olivet
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
We'll notify you when something hits the market in Mt Olivet or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.