About This Home

This 3-bedroom, 1-bathroom single family at 8247 Auburn Street in Detroit, MI is listed for $48,500 ($53 per sqft). Built in 1948, the home offers 918 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 1948
  • 0.11 acre lot

Property Details

1 story
1 full
1948
Listing Description

INVESTOR SPECIAL | FHA 203(k) OPPORTUNITY | VALUE-ADD DETROIT RANCH Attention investors, rehabbers, and savvy homebuyers! Welcome to 8247 Auburn, a spacious 3-bedroom ranch packed with potential and positioned for significant upside. Whether you're looking for your next fix-and-flip, BRRRR investment, rental property, or a home to renovate with FHA 203(k) financing, this is an opportunity you won't want to miss.

The major systems have already been addressed, with the electrical, plumbing, and HVAC systems reported to be in solid condition, allowing the next owner to focus primarily on cosmetic improvements and value-enhancing updates. The home features a functional layout, generous room sizes, a large backyard, basement space for storage or future finishing possibilities, and plenty of room to build equity.

With some vision and renovations, this property has the potential to become a beautiful owner-occupied residence or a strong cash-flowing investment. Located near schools, shopping, restaurants, major roadways, and everyday conveniences, the location adds even more appeal.

Property Highlights: 3 Bedrooms Functional Ranch Floor Plan Electrical, Plumbing & HVAC Systems in Place Basement for Storage & Additional Potential Large Backyard Strong Rental & Resale Potential Ideal for FHA 203(k) Financing Perfect for Fix & Flip, BRRRR, Rental, or Owner-Occupant Renovation Properties with solid mechanical systems and this much upside are becoming increasingly difficult to find.

Bring your contractor, your vision, and your creativity-this is your chance to transform a diamond in the rough into something special. Sold As-Is. Buyer to verify all information. Schedule your showing today and explore the possibilities! ADDITIONAL PHOTOS AVAILABLE UPON REQUEST.

Monthly Cost Estimate

$259/mo

20% down · 6.5% · 30 years

Principal$35
Interest$210
Insurance$14

Estimates only. Actual payments may vary.

Location

8247 Auburn Street

Detroit, MI 48228

Features & Amenities

Interior Features

220 VoltsCircuit Breakers

Property Details

Construction

Brick Veneer Vinyl

Heating

Forced Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 8247 Auburn Street is listed at $48,500 ($53/sqft). The estimated monthly payment is $259 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1948, 0.11 acre lot. Interior Features: 220 Volts, Circuit Breakers.

This property is listed by Adrienne Ponce and can be reached at (888) 501-7085.

AP

Adrienne Ponce

Agent at EXP Realty Main

(888) 501-7085

Listed by EXP Realty Main · View on Broker Site

MLS# 20261043299· Source: listhub· 23 days on market

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8247 Auburn Street, Detroit, MI 48228

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