Description
Charming fisherman's shack deep in beloved Jefferson Chalmers. A full 1.1 miles off of Jefferson with no other main roads nearby, the tranquillity of this part of the neighborhood is unmatched. It feels like if up-north were in Detroit and still 15 minutes from downtown. Detroit Abloom (the city's most beautiful community garden) takes up most of this city block, and is literally right out the back door. Corner lot, great neighbors. Easy value-add opportunity. Refinish the Kitchen and first floor Bath, finish the enormous second floor and add 2 more bedrooms or a primary suite plus office. With all of these updates, comparable properties sell for $200k+ Land contract terms available for a fix and flip buyer: $95k purchase price with $25,000 down for 6 months. Balloon payment for the remainder due upon resale. 2017 brought a new roof, furnace, refinsihed hardwood floors, and sewer line replaced all the way to the alley. This house is right up the street from the riverfront AB Ford Park, which is currently under renovation. The city has built a brand new community center, and is adding tennis, pickleball, and basketball courts, playgrounds, fishing, walking trails and more. Tenant occupied until 9/30/24. Do not disturb tenant. Agent owned.
-
3BEDS
-
0.09ACRES
-
1BATHS
-
01/2 BATHS
-
1,082SQFT
-
$79$/SQFT
Description
Charming fisherman's shack deep in beloved Jefferson Chalmers. A full 1.1 miles off of Jefferson with no other main roads nearby, the tranquillity of this part of the neighborhood is unmatched. It feels like if up-north were in Detroit and still 15 minutes from downtown. Detroit Abloom (the city's most beautiful community garden) takes up most of this city block, and is literally right out the back door. Corner lot, great neighbors. Easy value-add opportunity. Refinish the Kitchen and first floor Bath, finish the enormous second floor and add 2 more bedrooms or a primary suite plus office. With all of these updates, comparable properties sell for $200k+ Land contract terms available for a fix and flip buyer: $95k purchase price with $25,000 down for 6 months. Balloon payment for the remainder due upon resale. 2017 brought a new roof, furnace, refinsihed hardwood floors, and sewer line replaced all the way to the alley. This house is right up the street from the riverfront AB Ford Park, which is currently under renovation. The city has built a brand new community center, and is adding tennis, pickleball, and basketball courts, playgrounds, fishing, walking trails and more. Tenant occupied until 9/30/24. Do not disturb tenant. Agent owned.
![[MiRealSource] logo](https://static.boomtownroi.com/content/photos/realsource/idx/idx-large.gif)
©2024 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Data last updated: 2024-10-14T15:55:11.247.