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About This Home
This 3-bedroom, 1-bathroom single family at 5117 University Place in Detroit, MI is listed for $49,990 ($37 per sqft). Built in 1937, the home offers 1,336 sqft of living space on a 0.15 acres lot.
No Wholesalers. Investor special in Cornerstone Village with strong upside—this 3-bedroom, 1-bath home offers over 1,300 sq ft and sits in a desirable East Detroit neighborhood with solid comparable sales supporting an estimated ARV in the mid $100's.
The property has fire damage and will require a full rehab but features a solid foundation, making it an ideal project for investors looking to add value. Highlights include a spacious layout and a large detached garage that was not affected by the fire, adding strong appeal for future resale or rental potential.
Located in a well-established area surrounded by maintained homes and ongoing renovations, this is a prime opportunity to capitalize on continued demand. Cash or renovation financing only; property sold as-is. BATVAI
Key Features
- Built in 1937
- 0.15 acre lot
- 1.5 stories
Property Details
Amenities
Monthly Cost Estimate
$267/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5117 University Place
Detroit, MI 48224
Farmbrook
Property Details
Construction
Parking
Heating
Questions & Answers
This 3-bedroom, 1-bathroom single family at 5117 University Place is listed at $49,990 ($37/sqft). The estimated monthly payment is $217 based on 20% down at 6.5% interest.
Key features include: Built in 1937, 0.15 acre lot, 1.5 stories.
This property is listed by Jordan White and can be reached at 3134034836 or jnwhite5813@gmail.com.
