303 N Saginaw St, Durand, MI 48429

Details: 

🛏️ Beds: 4

🛁 Baths: 2

📐 Living Area: 2,148 sq. ft

📐 Lot Size: 5,837 sq. ft

🏢 Year Built: 1910

• NEED FURNACE
• NEW ROOF
• VACANT FOR FEW DAYS
• NO FOUNDATION OR STRUCTURE PROBLEM
• NO PROBLEM WITH ROOF

CONTRACT PRICE: $63,000

EST. EXPENSES: $40,000

AFTER RENOVATION VALUE: $183,000

EST. TOTAL PROFIT: $80,000

Does the market support the Sales Projections?

🏘️ Comps:

#1 - 311 N Shiawassee St, Durand, MI 48429

3 bd 2 ba - 1,620 sqft 

Sold: $170,000 Sold on 02/06/23 

#2 - 203 N Mercer St, Durand, MI 48429

3 bd 2 ba - 1,944 sqft

Sold: $144,900 - Sold on 06/12/23 

#3 - 205 N Mackinaw St, Durand, MI 48429

3 bd 2 ba - 1,854 sqft

Sold: $136,500 - Sold on 10/03/23

Exit: Novation. Sold to an investor for $81,200 and collected $9,801 novation fee

Paperworks:

Purchase & Sales Contract

Accepted Offer

Closing Statement