Vacant Single Family Detroit MI 48224
18530 McCormick St, Detroit, MI 48224- 3 beds
- 2 baths
- 1053 sq ft
Basics
Description
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Description:
3 Bedrooms 2 bathroom - 1053 SF
Looking for a solid investment property in the City of Detroit? Look no further than this spacious frame house, boasting 3 bedrooms and 2 bathrooms spread across 1053 square feet. While the property will be delivered vacant at closing, the potential for a high ROI is undeniable.
Although the house does require some updating to reach its full After Repair Value of $105,000+, the recently sold comp .2 miles away from the subject property indicates that this is a highly achievable goal. Furthermore, with similar properties in the area renting for $1200, there is ample opportunity to generate strong rental income and build long-term equity.
Overall, this property represents a fantastic opportunity for investors looking to make their mark in Detroit's thriving real estate market. Don't miss out on your chance to take advantage of this exciting opportunity – schedule a viewing today!
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