18650 Algonac St

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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

• 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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Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.
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