Single Family Investment Opportunity
Price
$60,000
Off-Market Listing: 19310 Norborne, Redford, MI 48240
Purchase Price: $60,000
Property Photos/Video: https://drive.google.com/drive/folders/1Ga1oUeysHnYRDtqqnopv0jJ6NWNvw63N?usp=sharing
Property Overview:
Type: Single Family Home
Bedrooms: 3
Bathrooms: 1
Square Feet: 868
Year Built: 1925
Structure: Frame Built
Market Rent: $1,500 - $1,700 per month
After Repair Value (ARV): $150,000
Investment Opportunity: This charming 3-bedroom, 1-bathroom home located at 19310 Norborne in Redford, MI, offers a fantastic investment opportunity for savvy investors targeting the Detroit Metro area. Built in 1925, this 868 square feet property is priced at a competitive $60,000, presenting substantial potential for value appreciation with minimal investment.
Property Condition: The home requires a good clean-out and cosmetic updates to bring it to its full potential. With these updates, the property can easily achieve its ARV of $150,000. This property is an ideal candidate for investors looking for a straightforward flip or rental property addition to their portfolio.
Rental Potential: Located in a desirable area, this property boasts a strong rental market with potential monthly rents ranging from $1,500 to $1,700. This makes it an attractive option for buy-and-hold investors seeking steady rental income and long-term growth.
Why Invest in Redford? Redford is a vibrant community with a rich history and a promising future. Its proximity to Detroit provides easy access to the city's amenities while offering the benefits of suburban living. The area is known for its family-friendly environment, schools, and parks, making it appealing to a broad range of potential tenants.
Submit Your Offer: Don't miss out on this excellent investment opportunity! Submit all offers to investments@promiselandrealtyllc.com.
For more information, visit our website at Promiseland Realty LLC.
Property Comps
"AMERICA'S #1 SOURCE FOR OFF MARKET PROPERTIES"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top
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