For sale by owner
  • Price cut: $5.6K (8/11)
    $78,900

    1464 Lee Pl, Detroit, MI 48206

    3beds
    1,282sqft
    : 
    SingleFamily
    Built in 1915
    2,874 Square Feet Lot
    $-- Zestimate®
    $62/sqft
    $-- HOA

    Overview

    Investor Special — Huge Upside Potential! Address: 1464 Lee Pl, Detroit, MI 48206 3 Beds | 2 Baths | 1,282 sq ft Price: $89,900 After-Repair Value (ARV): $215,000+ This is the perfect opportunity for an investor looking for strong equity and cash flow potential in a rapidly developing area. ?? New roof already completed — major expense taken care of! ?? Estimated market rent: $1,600+/month ?? Comparable sales (comps) up to $245K nearby ?? No structural issues The property needs a full renovation (excluding the roof), but the numbers speak for themselves. Nearby sales comps: 1503 W Philadelphia — $225,000 (1,510 sq ft, 0.13 mi) 1644 W Euclid — $245,000 (1,425 sq ft, 0.21 mi) 1669 W Philadelphia — $205,000 (1,162 sq ft, 0.22 mi) Nearby rental comps: 1710 W Euclid — $1,800 (3 beds, 2 baths, 1,360 sq ft) 731 W Philadelphia — $1,649 (3 beds, 1.5 baths, 1,680 sq ft) 2265 Virginia Park — $1,335 (3 beds, 3.5 baths, 1,475 sq ft) Why you'll love this investment: Strong resale potential and rental income Solid neighborhood comps Great long-term appreciation upside
    What the owner loves about this home
    I love the neighborhood and the areas that surround this home. Very near the Edison District!
    78 days
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