SOLD
WEST VILLAGE INVESTMENT OPPORTUNITY!
7923 SAINT PAUL ST.
WEST VILLAGE, DETROIT
$129,000
1,553 SF + 3 BEDS + 2 BATHS
Conversion to a 1/1 (503sf) + 2/1 (1050sf) has already begun with the addition of gas and water lines for a second kitchen. No major restructuring or moving walls needed to complete conversion; simply wall off one doorway!
Property is located in an NEZ-NR zone; 15-year freeze on tax rates FAQs
Application must be filed before work permits are pulled
Adjacent lot (West) is owned by Detroit Land Bank
RENTAL COMPS
PDF – Full Listing Tickets with Photos
FIX & FILP LENDERS
A great financing strategy for this property would be to start with a private fix & flip loan – standard programs cover 80% on acquisition and 100% on renovations – the refinance upon completion with a conventional loan.
