Vacant Brick Bungalow | 48223 | Ranch Comp 204K

3 Beds / 1 Baths • 1,089 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 1
  • 1942
  • 1089
  • 1089
  • Detached Garage

Description

Property: 13550 Riverview Detroit 48223

Type: Brick Bungalow

Size: 1089 sqft

Occupancy: Vacant

Garage: Yes

Investment Snapshot:

• 3/2 brick ranch sold 204K (0.7mi away)

• Outdated 3/2 sold 134.9K

• Bungalow resale conservatively underwritten at 185K

• Add 2nd bath to maximize resale ceiling

Rehab Scope:

• Roof and gutters

• Cosmetic interior refresh

• Drywall repair

• Garage improvement

• Estimated rehab: 65K–75K

Asking Price: 62K

Showing: Saturday, February 28

Attendance confirmation required.

Reply “RIVERVIEW” to receive access details.

Highest & Best: Monday, March 2 at 5PM

EMD: $5,000 non-refundable

Close: 14 days or less

Photo Gallery:

https://www.dropbox.com/scl/fo/d02wl42uuvzx1erxrl068/AOYdQaZsjIfiM8_W1McKUYw?rlkey=8bm6akqmx5dh1ibmnw0dwd3pu&st=o6r7qcxu&dl=0

All offers reviewed Monday at 5PM.

Strongest price and terms prioritized.

Grail Homes

248-229-4480

This is an assignable contract for sale. Property is sold As-Is for cash or hard money only. Buyer to perform their own independent inspections and due diligence. Minimum $5,000 non-refundable earnest money deposit required to be held by Legacy Title Company. Closing to occur within 14 days or less. Opinions of value, rent, and repair estimates are provided as a courtesy only and are not guaranteed. Property subject to errors, omissions, additions, deletions, or cancellation.

Estimated Spread

  • ARV $185,000
  • Price $62
  • Spread $184,938

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