***Seller has dropped the price to rock bottom to make a deal this week*** Attention investors. Come and take a look at this great redevelopment opportunity located in Highland park. This building has undergone a full clean out and preliminary demo. The seller also installed a completely new roof from the plywood up. It was a full torch down replacement at a cost of $50,000. All of the debris has been collected and hauled away. This property is ready for plumbing, and electrical, as well as windows. There are 4 units per floor and 2 basement units for a total of 10 units. There is a projected rehab cost less than $200k to complete this project with an ARV of $550,000-$600,000. This property is also located between 2 MSHDA Opportunity Zones, so it is a prime redevelopment area. Come and take a look today!
Property Type :
Multifamily
Subdivision :
Wright & Strassburg Addition Sub
County :
Wayne
Style :
Multifamily
Sell a home like this and save $9,401 Find Out How
Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 05/11/2024 @ 06:06
MLS: 600586697
LISTED BY: David Rabior , Clyde Realty LLC
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
