Hot Deal3312 Elmhurst St, Detroit, MI 48206
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Beds
4
Baths
2
Sqft
1,650
Built
1918
About this deal
Heavy rehab, priced accordingly. Boarded and secured. Full gut opportunity in appreciating corridor.
Structure
- Foundation
- Basement — some water intrusion
- Roof
- Shingle — needs replacement
- Occupancy
- Vacant
- Lot
- 0.09 ac
Systems
- HVAC
- Boiler — non-functional
- Electrical
- 60 amp — full rewire required
- Plumbing
- Galvanized — full repipe recommended
Repair estimate
- Est. rehab budget
- $45,000
- Repair category
- Heavy
- Timeline
- 10–14 wks
Deal economics
- Asking
- $42,000
- ARV
- $118,000
- Gross margin
- $31,000 (26%)
- All-in
- $87,000