Available
$45,000(ARV: $70,000)64% of ARV

Wayne County, Detroit, MI 48228

3 bd1 ba1,391 sfBuilt 1953

Just listed

Gross spread$25,000

Description

Assignment Opportunity – 11300 Penrod St, Detroit, MI 48228 Assignment Price: $45,000 + CC Estimated CMV: $70,000 Exit Strategy: Wholetail Property Details Address: 11300 Penrod St, Detroit, Michigan 48228 Property Type: Single Family Home Year Built: 1953 Square Footage: 1,391 sq ft Lot Size: 5,347 sq ft Bedrooms / Bathrooms: 3 Bed / 1 Bath Occupancy Status: Tenant Occupied Parking: Detached Garage Rehab Overview Condition & Rehab Description: This property presents a potential light wholetail opportunity with several recent cosmetic improvements reportedly completed by the seller. Updates include new flooring, a new toilet, and fresh paint. The property may require only minor additional cosmetic touch-ups and general preparation before being marketed for resale, subject to buyer inspection. Big Six: Roof: Condition unknown – buyer to inspect Foundation: Condition unknown – buyer to inspect HVAC: Condition unknown – buyer to inspect Electrical: Condition unknown – buyer to inspect Plumbing: No known issues reported Hot Water Heater: Condition unknown – buyer to inspect Property & Deal Notes Assignment price of $45K Estimated ARV of approximately $70K Wholetail strategy with limited reported rehab New flooring reportedly installed New toilet reportedly installed Fresh interior paint reportedly completed Spacious 3 bed / 1 bath layout Detached garage TEXT OR CALL BEVANS & BOMBICH LLC FOR A SHOWING TODAY: [contact details hidden] PROPERTY SOLD AS IS | EMD $2,500 REQUIRED

$/sqft vs market

This deal$32/sqft
Market median$103/sqft
Difference68% below

Median of 26 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms3
Bathrooms1
Square feet1,391
Lot size5,227 sf
Year built1953
ConditionTurn Key
OccupancyTenant Occupied
ParkingDetached Garage

Systems & condition

HeatingOther
Air conditioningCentral AC
FoundationOther

Self-reported by the seller. Not inspected.

Seller

CompanyWithheld
Disposition repWithheld
Documents on file0
Views on the source listing13
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