16200 E State Fair Street
Detroit, MI 48205
- 3 beds
- 1 bath
- 1,074 sqft
- 4,356 sqft lot
- $60 per sqft
- 1951 build
- – on site
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OPPOSITE OF FANNIE MAE OR HUD! WE'RE GIVING THE INVESTORS THE FIRST SHOT! GREAT PROPERTY FOR A TRUE "CASH", LONG-TERM INVESTOR, SEEKING A LIQUIDITY SHELTER + CASHFLOW + APPRECIATION. TRUE CASH ON CASH ROI NEAR 17%. MAKE THE PURCHASE, INVEST ANOTHER $3,500 OR LESS IN TLC, PLACE A SOLID TENANT AT $1,250, COLLECT YOUR CASHFLOW AND WATCH THE APPRECIATION. THIS IS A GREAT PROPERTY FOR THE "BRRR" STRATEGY. WITHOUT QUESTION, THIS PROPERTY WILL GAIN $50K IN VALUE IN UNDER 36 MONTHS. (I AM BEING ULTRA CONSERVATIVE HERE.) THIS IS A NO-BRAINER FOR A "TRUE" INVESTOR. THIS DEAL IS SOLID. THE NUMBERS ARE REAL. THERE WILL NOT BE A LOT OF NEGOTIATION. PLEASE DO NOT WASTE THE TIME OR ENERGY. (SEE ATTACHMENTS FOR ROI SPREADSHEET AND PUNCH LIST FOR RENTAL READINESS.)
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Last updated Apr 17, 2024
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MLS# 20230037183 —
Walk Score®
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Soundscore™
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Air Pollution Index
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/16/23
Jun 16, 2023
|
Sold | REALCOMP | $65,000 |