$75,000
6536 & 6538 Firwood St, Detroit, MI
- 2 Beds
- 1 Baths
- 2,088 SQFT
Type:
Multi
Detroit, MI | Two Family Flip Opportunity | ARV $160K
Asking Price: $75k
Property Highlights
- Duplex: First-floor 2BR/1BA + Second-floor 2BR/1BA
- Year Built: 1916
- Zoning: R2
- Taxes: $1,049 annually
- Interior Size: 2,088 sq ft
- Lot Size: 3,920 sq ft
- Basement: None
- Parking: Street parking
- Oil Tank: None
- HOA: No
- Delivered: Vacant and ready for renovation or placement
Utilities
- Water: Public
- Cooling: Central AC
Investment Upside:
- ARV: $160,000
- Estimated Repairs: $30,000
- Previous rental comps: $1,175/month (Unit 1) + $1,225/month (Unit 2)
- Recent Improvements (Over $35K invested): Furnace replacements, hot water tank replacements, updated electrical conversion, HVAC service (2024), back porch updates.
- Exit Strategies: Fix & Flip, Section 8/Cashflow Rental
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