$65,000 Sold
16200 e state fair street, detroit, MI 48205
Property Description
OPPOSITE OF FANNIE MAE OR HUD! WE'RE GIVING THE INVESTORS THE FIRST SHOT! GREAT PROPERTY FOR A TRUE "CASH", LONG-TERM INVESTOR, SEEKING A LIQUIDITY SHELTER + CASHFLOW + APPRECIATION. TRUE CASH ON CASH ROI NEAR 17%. MAKE THE PURCHASE, INVEST ANOTHER $3,500 OR LESS IN TLC, PLACE A SOLID TENANT AT $1,250, COLLECT YOUR CASHFLOW AND WATCH THE APPRECIATION. THIS IS A GREAT PROPERTY FOR THE "BRRR" STRATEGY. WITHOUT QUESTION, THIS PROPERTY WILL GAIN $50K IN VALUE IN UNDER 36 MONTHS. (I AM BEING ULTRA CONSERVATIVE HERE.) THIS IS A NO-BRAINER FOR A "TRUE" INVESTOR. THIS DEAL IS SOLID. THE NUMBERS ARE REAL. THERE WILL NOT BE A LOT OF NEGOTIATION. PLEASE DO NOT WASTE THE TIME OR ENERGY. (SEE ATTACHMENTS FOR ROI SPREADSHEET AND PUNCH LIST FOR RENTAL READINESS.)
General Information
Sold Price: $65,000
Price/SqFt: $61
Status: Sold
Date Sold: 06/16/2023
MLS#: 20230037183
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: avalon heights (plats)
Acres: 0.1
Lot Dimensions: 32.00 x 139.00
Bedrooms:3
Bathrooms:1 (1 full, 0 half)
House Size: 1,074 sq.ft.
Acreage: 0.1 est.
Year Built: 1951
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Paved Road: Paved
Garage: 2 Car
Garage Description: Detached
Construction: Brick
Exterior: Brick
Garage: 2 Car
Garage Description: Detached
Construction: Brick
Exterior: Brick
Basement: Yes
Basement Description: Partially Finished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Basement Description: Partially Finished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $940
Est. Winter Taxes: $109
Est. Summer Taxes: $940
Est. Winter Taxes: $109
HOA fees: 0
Legal Description: S E STATE FAIR 196AVALON HEIGHTS SUB L49 P100 PLATS, W C R 21/789 32.01 IRREG
Legal Description: S E STATE FAIR 196AVALON HEIGHTS SUB L49 P100 PLATS, W C R 21/789 32.01 IRREG
IDX provided courtesy of Realcomp II Ltd. via American Associates REALTORS and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders Listing By: Antoine Hayes of Elite Urban R E Professionals, Phone: (313) 915-8780
