OfferMarket

8818 Outer Dr W, Detroit, MI 48219, USA

$159,900
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APPROVED FOR FUNDING FROM OFFERMARKET CAPITAL - GET AN INSTANT LOAN QUOTE AND PRE APPROVAL

šŸ”„ Detroit Value-Add Deal | 4 Bed + Large SqFt šŸ”„

Address: 8818 Outer Dr W, Detroit, MI 48219
Price: $159,900
ARV: ~$275,000

Property Overview

Spacious 4-bed, 3-bath home offering 2,215 sq ftā€”a strong value-add opportunity in a solid Detroit submarket. With a large footprint and desirable layout, this property is ideal for investors targeting a flip or rental hold.

Key Features

  • 4 Beds / 3 Baths
  • 2,215 Sq Ft
  • 0.12 Acre Lot
  • Built in 1937
  • Price per Sq Ft: $124

Location Highlights

  • Walking distance to Ralph W Emerson Elementary-Middle School
  • Near Hackett Playground
  • Located in a rental-friendly area

Condition & Opportunity

  • Value-add opportunity with renovation upside
  • Large square footage = higher resale ceiling
  • Ideal for cosmetic to moderate rehab

Investment Highlights

  • ~$115K+ spread to ARV
  • Strong comps supporting value
  • Ideal for fix & flip or buy-and-hold
  • High rental demand for larger homes

Comparable Sales

  • 16555 Edinborough Rd ā€“ Sold $260K (2,112 sq ft, 3/2)
  • 16585 Sunderland Rd ā€“ Sold $274K (2,329 sq ft, 3/2)

Deal Potential

  • Flip into the ~$260Kā€“$280K range depending on finishes
  • Rental with strong cash flow potential
  • Opportunity to force appreciation through updates

Terms

  • EMD: $5,000

āš” Large Detroit homes with this kind of spread and layout donā€™t last ā€” move quickly
 

āš ļø OfferMarket listings are third-party listings. For your safety, please use the "Talk to Seller" feature built into each listing. This allows our team to review communications and helps prevent scams on the platform.

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Ready to invest? OfferMarket is a real estate investing platform featuring off-market deals, private lending, investment property insurance. Get an instant loan quote and pre-approval for this listing. Start exploring deals now!

 

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