Featured Detroit “Flip” Opportunity
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: