1st Private Capital
Investment Opportunity · Detroit, MI

15307 Biltmore St

Detroit, MI 48227 · MLS 61018638

List price
$105,000
bd / 2.5 ba
Bedrooms / baths
1,842 sq ft
Living area
1928
Year built
4,791 sq ft
Lot

"This is a CASH ONLY Sale."

Listed by Thomas Hutt RE/MAX Classic (248) 646-5000

From the listing. This is a CASH ONLY Sale. There are multiple plumbing leaks in the property. Property is being sold AS-IS. Attention homeowners and investors--this is your opportunity to own a duplex and live in one unit while renting the other, or lease both units for maximum income. This duplex is ideal for investors or savvy buyers looking to house hack. The property features a solid two-family flat with a 2-bedroom lower unit and a 1-bedroom upper unit with a porch. Both units include appliances and share a spacious basement. Additional features include a 2-car garage, a nice yard, and a 44 x 112 lot. Situated on a desirable block and with Detroit's rental demand continuing to rise, this is an excellent opportunity to secure a multi-family property with proven upside. Bring your vision and schedule your showing today.

01 - Price This Property

What you qualify for on 15307 Biltmore St.

Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.

List price $105,000
State MI

A ballpark is fine. Nothing is pulled.

Flips, rentals bought and sold, or builds. Decides the down payment.

Our super rough estimate at $45 per sq ft. Put in your contractor's number if you have one.

The loan stays under 75% of it. Leave blank to size on the price alone.

    02 - The Numbers at Closing

    Priced at the list price.

    ItemOption 1Option 2

    *Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $45 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.

    We are the lender, not the listing agent. This property is listed by Thomas Hutt, RE/MAX Classic ((248) 646-5000). To see it or make an offer, contact Thomas directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.
    Request the Term Sheet Call (323) 304-4978

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