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
For sale by owner
Price cut: $5.6K (8/11)
$78,900
1464 Lee Pl, Detroit, MI 48206
3beds
1,282sqft
Est.:
SingleFamily
Built in 1915
2,874 Square Feet Lot
$-- Zestimate®
$62/sqft
$-- HOA
Overview
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 |
- 1,080 |
- 56 |
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