14824 Flanders St

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🔥 Detroit Heavy Rehab Opportunity | Low Entry, Strong Rental Market

📍 14824 Flanders St, Detroit, MI 48205

💰 Assignment Price: $20,000
📈 ARV: $105,000 – $119,000
🏠 3 Beds | 1 Bath | Brick Colonial | Basement

🏠 Property Overview

Off-market opportunity in the Outer Drive–Hayes area, a high-demand rental pocket in Detroit. This 1939 brick colonial features a classic layout with separate living and dining areas, plus a full basement.

The property is a full rehab project, making it ideal for experienced investors looking to create value through a complete renovation.

🔧 Condition

• Heavy rehab required

• Full updates needed: mechanicals, plumbing, electrical, and cosmetics

• Sold as-is

📊 Investment Highlights

• Strong rental demand in 48205 (~$1,250/month potential)

• Solid resale comps between $105K–$119K

• Low entry point with significant upside

• Classic brick structure with good renovation potential

⚠️ Important Notes

• Subject to Detroit Land Bank (DLBA) transfer approval

• Buyer to assume any outstanding water and blight liens

• Assignment of contract (selling equitable interest)

📌 Terms

• Cash only

• EMD: $2,000 (non-refundable)

• Fast close preferred

📞 Contact: (253) 306-1302
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