19133 Ohio St Detroit

82,200

Flip - ARV 135,000 - 140,000 

3 bed 2 Bath

19133 Ohio St ?Detroit MI 48221 | Cashflowpositive.com

19133 Ohio St

Detroit MI 48221

About the property:

Exclusive Bagley Flip Opportunity
(approx 2-3 months timeline from Buy to Sale)

This 19133 Ohio property is within the prestigious Bagley subdivision.

(Not in the "neighborhoods", but IN the subdivision, as some Realtors use the Bagley brand, to sell bordering properties, as one can see why from the Bagley Comps below)

Beautiful Brick Colonial
3 Bed 2 Bath (1 full and 1 half bath)
1200 sqft Home
600 sqft Basement
3484 sqft Lot
Price - USD 82,200
Will require USD 8,000 - 9,000 in Flip ready rehab
(we can help project manage the end to end Rehab, with interim pics/video updates)
After rehab Value (ARV) - 135,000 - 140,000 (Qtr Mile comps below)

*** For Buy and Hold Investors, this property can rent between 1100 and 1200 per month and will require only $4,700 in rehab to bring it to rent ready status.
And you may wish to hold for cash-flow in the interim, and sell this in 1-2 years time as the market is only rising higher every week, in this market.

Pros:

  • Great Block and Excellent streetscape
  • Very nice homes and well cared for by owner occupiers
  • Bagley Subdivision - Corner house
  • Walking distance (200 meters) to University of Detroit Jesuit High
  • (teachers/professors love that)
  • Higher-income subdivision
  • Family friendly & Safe location with Neighborhood Watch Area
  • New/Newer Roof
  • Updated Breaker electrical Panels
  • Updated Plumbing to PEX with mixed Copper lines
  • Updated Vinyl Windows
  • The basement is block and Dry
  • Glass block windows
  • Fireplace
  • Nice Timber/Wood floors throughout under carpet
  • Partially finished Basement
  • Large yard
  • 48221 Zip Code 
  • Solid comps in the neighborhood (Comps attached below)


Cons:

  • Requires Cosmetic updates
  • No garage (please check out 18685 Greenlawn & 18601 Cherrylawn that has no garage and sold for 134,900 and 140,000 respectively)
  • Internal Paint (included in the Rehab quote)
  • Flooring Re-Finish (included in the Rehab quote)
  • New Kitchen cabinets (included in the Rehab quote)
  • Refinish Kitchen and Bathroom (included in the Rehab quote)
  • Requires Hot water Tank (included in the Rehab quote)
  • Requires Furnace (included in the Rehab quote) 
  • Basement Drylock and Paint Flooring (included in the Rehab quote)
  • Yard work and landscaping (included in the Rehab quote)
  • Exterior Front paling paint (optional $600 - will improve street appeal)
  • Front window shutters install (optional $880 - will improve street appeal)
  • The Current pictures of the property, Do NOT do justice to this Bagley property unfortunately
  • (On project completion, we will get Professional photographers to do the final walk-through pics & drone image, at end of Rehab with home buyer staging)

Quarter Mile Comps:

19133 Ohio St ?Detroit MI 48221 | Cashflowpositive.com
19133 Ohio St ?Detroit MI 48221 | Cashflowpositive.com
19133 Ohio St ?Detroit MI 48221 | Cashflowpositive.com
19133 Ohio St ?Detroit MI 48221 | Cashflowpositive.com
19133 Ohio St ?Detroit MI 48221 | Cashflowpositive.com
19133 Ohio St ?Detroit MI 48221 | Cashflowpositive.com
19133 Ohio St ?Detroit MI 48221 | Cashflowpositive.com
19133 Ohio St ?Detroit MI 48221 | Cashflowpositive.com
19133 Ohio St ?Detroit MI 48221 | Cashflowpositive.com
19133 Ohio St ?Detroit MI 48221 | Cashflowpositive.com
19133 Ohio St ?Detroit MI 48221 | Cashflowpositive.com
19133 Ohio St ?Detroit MI 48221 | Cashflowpositive.com
 
 

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