• Bedrooms: 2
  • Bathrooms: 2
  • Area: 1665 sq ft
  • Lot size: 5223 sq ft
  • Year built: 1907

Description

3651 Weitzel Ct, Detroit, MI contains 1,665 sq ft and was built in 1907. It contains 2 bedrooms and 2 bathrooms.  This property is a fixer upper and a handyman special for an investor.  Bring your offers as we’re motivated to sell it quick!  Call Dale at 321-286-8253 or email at dale@obreo.net if you are interested.

3651 Weitzel Court Detroit, MI 48211

2 Beds / 2 Bath  1,665 square feet

Cash Price:  $7,000 REDUCED!

Financing Available:  $1,000 down,  312 month

Average Rents in Area:  $900

Comparable Sales:

3645 Mack Ave Detroit, MI Sold for $28,500 October 2018

5027 Baldwin St Detroit, MI For Sale $34,000

1992 E Willis St Detroit, MI Sold $30,000 February 2018

Fix up and make a rental:

$12,000 purchase price

$500 closing costs

$10,000 estimated repairs

Total Invested:  $22,500

Gross Annual Rent:  $10,800

Insurance Cost $750 yr

Property Tax Cost $750 yr

Mgmnt Co: $1080

Vacancy:  $1080

Repairs / Maintenance:  $1080

Cash Buy NOI:  26.93%

Owner Finance NOI:  20.13%

Key Words:  Fixer upper, Needs work, TLC, Handyman Special, Bank Owned, REO, Auction, Must Sell, Motivated, Estate Sale, Equity, As-Is, Owner Financing, Seller Financing, Seller Carry, Lease Option, Rent to own

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