MLS # 20261043299 (Realcomp)

INVESTOR SPECIAL | FHA 203(k) OPPORTUNITY | VALUE-ADD DETROIT RANCH Attention investors, rehabbers, and savvy homebuyers! Welcome to 8247 Auburn, a spacious 3-bedroom ranch packed with potential and positioned for significant upside. Whether you're looking for your next fix-and-flip, BRRRR investment, rental property, or a home to renovate with FHA 203(k) financing, this is an opportunity you won't want to miss.The major systems have already been addressed, with the electrical, plumbing, and HVAC systems reported to be in solid condition, allowing the next owner to focus primarily on cosmetic improvements and value-enhancing updates. The home features a functional layout, generous room sizes, a large backyard, basement space for storage or future finishing possibilities, and plenty of room to build equity.With some vision and renovations, this property has the potential to become a beautiful owner-occupied residence or a strong cash-flowing investment. Located near schools, shopping, restaurants, major roadways, and everyday conveniences, the location adds even more appeal.Property Highlights: 3 Bedrooms Functional Ranch Floor Plan Electrical, Plumbing & HVAC Systems in Place Basement for Storage & Additional Potential Large BackyardStrong Rental & Resale PotentialIdeal for FHA 203(k) FinancingPerfect for Fix & Flip, BRRRR, Rental, or Owner-Occupant RenovationProperties with solid mechanical systems and this much upside are becoming increasingly difficult to find. Bring your contractor, your vision, and your creativity—this is your chance to transform a diamond in the rough into something special.Sold As-Is. Buyer to verify all information. Schedule your showing today and explore the possibilities! ADDITIONAL PHOTOS AVAILABLE UPON REQUEST.
Source: SparkMLS
This 3-bedroom, 1-bath, 1,828 sq ft home built in 1948 sits in Rouge in Detroit.
Currently offered at $48,500 (about $27/sq ft).
Estimated annual property tax: $1,226, or about $102 monthly. 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
PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2020. W AUBURN 339 & E 9 FT OF VAC ALLEY ADJ SLOANS PARK DRIVE SUB L48 P52 PLATS, W C R 22/267 35 X 130.60A
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Adrienne Ponce
EXP Realty Main
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
8247 Auburn Street, Detroit, MI 48228
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Neighborhood
Rouge
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Community
Detroit
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County
Wayne County
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