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Featured Detroit “Flip” Opportunity

Featured Detroit “Flip” Opportunity

detroit-opp

Metro Detroit is one of the hottest real estate markets in the country. This is Team Virkus’ Featured Detroit Flip Opportunity. It is a 3,700 SF, three story, 5 bedroom, 3 1/2 bath historic home located in one of Detroit’s most prestigious neighborhoods. The asking price is $178,000. The business plan is to purchase the home, complete +/- $70,000 in renovation work and sell for $350,000 (based on recent comparable renovated property sales in this neighborhood). Under this scenario, the “Flip” would produce a net profit of +/- $65,000 or a 26% return on investment over a six month period.

The best way to go about the opportunity is as an all cash investment. That said, Team Virkus can also help arrange up to 70% financing for the acquisition and renovation costs.

So how does working with Team Virkus work? It’s simple:

  • We find the deal
  • You buy the property
  • We handle the rehab
  • We then sell it on your behalf
  • You keep 100% of the profits!

We’d like to help you take advantage of the once in a lifetime opportunity to invest in a rapidly recovering market…Metro Detroit! Let us know how we can help by clicking below:

Investor Request

Written by Brent Virkus

Brent Virkus

Brent Virkus is President and CEO of Motor City Design Build and Member of Team Virkus. Brent has been in the Real Estate and Investment industry for over 20 years. | brent@motorcitydesignbuild.com | (586) 854-9203