00000 Street Name,
Redford Township, Michigan, 48240

Locked Content

Redford Township, Michigan, 48240

Locked Content

Pending

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00000 Street Name,
Redford Township, Michigan, 48240

Locked Content

Redford Township, Michigan, 48240

Asking price$139,900
Property TypeSingle family home
Showing dateNot set yet

Under Contract - Contact Us

- Bedrooms
  3
- Bathrooms
  1.5
- sqft
  1,064

Property details

A Great Investment Opportunity in Redford Township, MI

Property Details

A classic single-family house featuring 3 bedrooms, 1.5 bathrooms, and 1,064 sqft of living space on a 6,098 sqft lot with a detached garage at the rear.
• Roof: Needs loose shingle re-sealing, ridge vent inspection, and localized flashing repairs at plumbing vents and electrical service mast
• Furnace: Needs safety tune-up
• AC: Needs elevated exterior condenser pad, duct joint mastic sealing, and new air filters
• Plumbing: Needs GFCI receptacle installations in wet areas, securing exposed basement wiring, installing missing junction box covers, sealing glass block windows, hydraulic cement wall crack patching, and pipe penetration fire caulking
• Electrical Panel: Not specified
• Water Heater: Needs safety tune-up

The property will be delivered with a Paying Tenant at closing.

Investment's Highlights:
• Red brick ranch construction
• Single-story floor plan
• 3-bedroom, 1.5-bathroom layout
• 1,064 square feet of main-level living area
• Solid brick construction
• Tenant is on a lease until December 31st currently paying $1,600 per month and would like to extend
• Rent could be increased to approximately $1,750 per month once the lease expires
• Investor yield of 13.72% without any rental increases
• The lowest a house sold for in this area over the past 12 months was $147,500; it had one less bedroom and one less bathroom and was in worse condition
• Very competitive market
• Redfin Compete Score: 81/100 (“Very Competitive”)
• Hot homes sell for about 2% above list price and go pending in around 13 days
• Located in Redford Township
• Established residential neighborhood
• Hardwood floors throughout the main level
• Main-floor full bath with a tub/shower
• Full basement with existing half bath, laundry area, and storage
• Covered front porch
• Detached garage at the rear
• Covered carport
• Long concrete side driveway with room for several vehicles
• Deep backyard
• 6,098 sq ft lot

Click here to view the full gallery.

Locked Content

Year Built: 1952
Above Ground Area: 1064
Bedrooms: 3
Bathrooms: 1.5
Basement: Full Basement, Unfinished Basement
Garage: Detached Garage

This is an assignable contract for sale. All properties are sold As-Is for cash or hard money, which shall be verified by Seller. Minimum of $5,000 or a 3% of the sale price, which ever is higher, non-refundable earnest deposit is required along with a 21 day or less closing period. Opinions of value / rents / repairs are given as a courtesy and no guarantees are expressed or implied. All properties subject to errors, omissions, deletions, additions, cancellation. All properties sold in as-is conditions, where is with absolutely no warranty, no disclosure and no representations written or oral. Buyer is to do their own independent inspections and due diligence. Property will not be considered under contract until signed contract and earnest money is received, with all contingencies removed.

Location

Redford Township, Michigan 48240

Buying Process

We've simplified the buying process so you can focus on what matters: growing your portfolio or securing your very first property.

Here's how we work together to get you the keys.

We Scout the Best Deals: Our team constantly uncovers discounted properties and secures them under contract so you don't have to.
Explore Your Options: Visit 7minuteshousedeals to browse property specs, high-res photos, and walk-through videos of our latest finds.
See It for Yourself: Spot something you like? Book a showing through the site, and we'll send you a personalized viewing time.
Share Your Thoughts: After the tour, let us know your feedback. We're here to answer any questions you have.
Easy Paperwork: Ready to move forward? Just say the word, and we'll send over our straightforward contract.
Secure the Deal: Once your offer is accepted, you'll have 24 hours to deposit the Earnest Money Deposit (EMD) to lock it in.
Support to the Finish Line: Our dedicated transaction coordinator will stay by your side, guiding you through every step toward closing.
Welcome Home: Once the title is clear and the docs are signed, the property is officially yours. Congratulations!

Frequently Asked Questions

Notify us as soon as possible. Wholesale properties often move quickly, so responding quickly ensures you have a better chance of securing the deal.

Absolutely. Due to the delicate nature of the situation, we typically allow one walk-through before making an offer. This one-hour visit is intended to confirm the property's condition, as all key details are already provided in the marketing materials.

Simply head over to our Contact Us page and send us an email or give us a call. The telephone tends to be the quickest way to reach out to us. Once you connect with us and you want to purchase the property, we will send you our contract with all the details you need to know, including our title company, Earnest Money amount, and closing date.