$190,000 After Repair Value -
$105,000 Asking Price -
$0 Cost of Repairs =
$85,000 Potential Profit

Property Details

Asking Price $105,000

After Repair Value $190,000

Costs of Repairs $0

Potential Profit $85,000

Living Area 2,880 ft2

Property Type Duplex

Bedrooms 4

Bathrooms 3

Half Bathrooms 1

Parking 0

Listed with Agent No

Property Description

Great opportunity to finish this partially redone duplex in the hot Detroit market. Verified scope of work and contractor bid in place for $62k. At a purchase price of $105k and combined rents of over $2,000/month, this brick duplex hits well over the 1% rule with 4 beds and 3.5 bath total. Use our existing rehab proposal and take the guess work out of the equation on this viable long-term buy and hold opportunity.

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