Wholesale deal – pretty straightforward flip or nicer rental
1810 Birchcrest, Waterford, MI 48328
3 Bedrooms / 2 bathrooms
$84,300 (I will be listing on MLS for $92,900)
ARV $140K – $150K, ARV Rent $1300
This is in a nice neighborhood in Waterford near lakes and walking distance to 185-acre Waterford Oaks park. House was built in 1980 so construction and systems are modern. Nice layout. Pretty straight forward flip. Tenant left a bunch of stuff in garage (yours free).
Tri-level, roughly 1500 sqft (1091 sqft + lower level 468 sqft with finished family room, full bath, mechanicals, storage)
Aluminum siding (looks like modern vinyl)
Large 2.5-car garage + 2nd driveway for parking RV/boat
Nice 200’ deep corner lot, automatic sprinkler system, fenced
Modern electrical and copper plumbing
HWH, Furnace and central A/C appear newer
Carpet, interior paint, a few interior passage and closet doors, a couple exterior doors
Update kitchen cabs and countertops, update master bath (easy – just vanity, medicine cab, light), lower level bath (everything), and light fixtures. Replace wood paneling in laundry area with drywall. Replace some boards on decks. Garage slab has cracks from rear of garage settling.
I own this property and it’s on a lock box. Contact me at (248) 387-9864 or firstname.lastname@example.org for lock box code. Buyer pays closing costs. $2500 non-refundable deposit.