Introducing a lucrative opportunity in the heart of The Woodlands, Oakland Charter Township, Michigan! This charming 1987 mobile home offers 980 square feet of comfortable living space, featuring 2 bedrooms and 1 bathroom.
Nestled within a picturesque, pet-friendly community, this property boasts a well-maintained environment ideal for those seeking independence or downsizing.
Enjoy access to fantastic amenities, including a community pool, playground, and a secure neighborhood atmosphere.
With a manageable lot rent of $571 per month, which includes trash services, convenience is key.
For savvy investors, this mobile home presents a prime fix-and-flip prospect.
While the furnace and water heater are in excellent condition, there are opportunities for enhancement.
Minor repairs are needed, such as replacing the bathroom subfloor due to rot and addressing a leak in the main water line.
Additionally, cosmetic updates like new flooring and paint touch-ups will revitalize the interior and exterior spaces.
With an estimated material cost of $3,000-$4,000, the potential return on investment is significant.
Currently listed at an attractive $10,000, this property's price will rise as we complete repairs.
Our expected time frame to finish is May, 2024.
However, this gives you an opportunity to profit from this deal as well if you can get it before the repairs take place.
With an estimated after-repair value (ARV) of $24,000, the potential profit margin for savvy investors is between $10,000-$11,000, making it a wise investment opportunity.
Act fast to secure this promising venture before the asking price increases further.
Don't miss out on this chance to turn a diamond in the rough into a profitable asset!
*Note This is not an assignment of contract, we fully intend on fixing this property and relisting it for sale at the $24,000 by May 2024.
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