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🔥 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
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3 Beds / 1 Bath
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836 Sq Ft
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0.11 Acre Lot
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Built in 1950
⚠️ Important Notes
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Squatter occupied – buyer responsible for removal
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No guarantees on timeline
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Priced accordingly for risk
Condition & Opportunity
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Value-add / full rehab opportunity
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Blank slate to reposition for rental or resale
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Ideal for experienced investors only
Investment Highlights
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Extremely low entry at ~$35K
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Strong comps supporting ~$100K+ ARV
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High ROI potential with proper execution
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Rental demand in the area
Comparable Sales
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19319 Algonac St – Sold $102K (3/1, 942 sq ft)
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17694 Teppert St – Sold $120K (3/1, 1,013 sq ft)
Deal Potential
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Flip into the ~$90K–$120K range depending on finishes
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Rental with strong cash flow post-rehab
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Opportunity to force equity at a deep discount
Terms
⚡ Deep discount deals like this come with risk—but the upside is real for the right investor
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