Ingham County, Mason, MI 48854
3 bd1 ba1,200 sfBuilt 1900
Gross spread$71,000
Description
INVESTOR / SCRATCH-AND-DENT OPPORTUNITY IN MASON — BUILT-IN EQUITY POTENTIAL! 153 Okemos St offers a great opportunity for investors, landlords, flippers, contractors, or an owner-occupant willing to put in some sweat equity. This 3-bedroom, 1-bath home offers approximately 1,200 square feet of living space on a generous 0.27-acre lot in the City of Mason. The numbers are where this property gets interesting. Estimated ARV: $220,000–$235,000 Estimated Market Rent: $1,600–$1,750/month Potential Annual Gross Rent: $19,200–$21,000 For a buyer getting into the property in the mid-$160,000s to low-$170,000s, that could represent approximately $50,000–$70,000 in potential equity once the property is updated and brought to its full retail potential. For the flipper, there is room to improve the property cosmetically and capitalize on Mason's stronger retail market. For the buy-and-hold investor, a projected $1,600–$1,750 monthly rent provides a solid rental opportunity in a market with limited available rental inventory. And for the scratch-and-dent homeowner, this is an opportunity to buy below the price of many move-in-ready Mason homes, make improvements over time, and potentially create significant equity instead of paying someone else for the renovations. Recent Mason sales demonstrate the upside: comparable 3-bedroom homes have sold from the low $200s into the mid-$200s, depending on size, condition, updates, and number of bathrooms. The opportunity: Buy below retail, improve it your way, and capture the upside. Whether you're looking for your next flip, rental property, or an affordable path to homeownership with built-in equity potential, 153 Okemos St deserves a look. Property is being offered as-is. ARV, rental figures, repair costs, and equity projections are estimates only; buyers should perform their own due diligence.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Property information
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