18650 Algonac St, Detroit, MI 48234, USA

$34,900
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APPROVED FOR FUNDING FROM OFFERMARKET CAPITAL - GET AN INSTANT LOAN QUOTE AND PRE APPROVAL

🔥 Detroit Deep Discount Deal | High Risk, High Reward 🔥

Address: 18650 Algonac St, Detroit, MI 48234
Price: $34,900
ARV: ~$100,000

Property Overview

3-bed, 1-bath home offering 836 sq ft on a 0.11-acre lot. This is a heavily discounted opportunity (~35% of ARV) priced for experienced investors comfortable with added risk and strong upside potential.

Key Features

  • 3 Beds / 1 Bath
  • 836 Sq Ft
  • 0.11 Acre Lot
  • Built in 1950

⚠️ Important Notes

  • Squatter occupied – buyer responsible for removal
  • No guarantees on timeline
  • Priced accordingly for risk

Condition & Opportunity

  • Value-add / full rehab opportunity
  • Blank slate to reposition for rental or resale
  • Ideal for experienced investors only

Investment Highlights

  • Extremely low entry at ~$35K
  • Strong comps supporting ~$100K+ ARV
  • High ROI potential with proper execution
  • Rental demand in the area

Comparable Sales

  • 19319 Algonac St – Sold $102K (3/1, 942 sq ft)
  • 17694 Teppert St – Sold $120K (3/1, 1,013 sq ft)

Deal Potential

  • Flip into the ~$90K–$120K range depending on finishes
  • Rental with strong cash flow post-rehab
  • Opportunity to force equity at a deep discount

Terms

  • EMD: $5,000

⚡ Deep discount deals like this come with risk—but the upside is real for the right investor
 

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