Single Family Investment Opportunity
Price
$24,900
Off-Market Listing: Investment Opportunity at 9981 Rutherford St, Detroit, MI 48227
Property Photos: https://www.dropbox.com/scl/fo/7accokmxsmv0ibxkqcnzi/AEDQBbKVyaiD1w7HJn2WZc4?rlkey=zdlenlkyxbxf1k3sj8yucln0g&e=1&st=koctizhw&dl=0
Type: Single Family Residence
Purchase Price: $24,900
Year Built: 1939
Bedrooms: 2
Bathrooms: 1.0
Square Footage: 710 sqft (plus 666 sqft basement)
Stories: 1
Lot Size: 4,792 sqft / 0.11 acres
Neighborhood: Frischkorns Dynamic Sub
County: Wayne
Property Details:
Condition: In need of full renovation
Market Rent: $1,200/month
After Repair Value (ARV): $100,000
Estimated Rehab Cost: $50,000
Heating: Forced Air / Gas
Cooling: Unknown
Pool: No Pool
Fireplaces: Not Reported
Investor Opportunity: This off-market single-family home at 9981 Rutherford St presents an excellent investment opportunity for those looking to buy cheap properties with significant upside potential. Built in 1939, this property offers 2 bedrooms, 1 bathroom, and 710 sqft of living space, with an additional 666 sqft basement.
Located in the Frischkorns Dynamic Sub neighborhood, this property requires a full renovation, providing a blank canvas for investors to add value and maximize returns. With a purchase price of just $24,900, estimated rehab costs of $50,000, and an ARV of $100,000, this is a lucrative deal for savvy investors.
Key Highlights:
Low purchase price, ideal for budget-conscious investors
Potential to generate $1,200/month in rental income
Significant value-add opportunity with a high ARV of $100,000
Submit Offers: All offers should be submitted directly to investments@promiselandrealtyllc.com.
Don't miss out on this chance to invest in a Detroit property with great potential. Contact us today to learn more and to schedule a viewing.
Property Comps
Property Map
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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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