Fwd: Incredible Off-Market Flip in Grosse Pointe Park!

This is the guy who told me he'd send me houses. He sent me this one, what do you think?

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Begin forwarded message:

From: Sam <info@aminteam.com>
Date: September 28, 2020 at 11:00:21 AM MDT
To: Jarod <jarodnorton2@gmail.com>
Subject: Incredible Off-Market Flip in Grosse Pointe Park!
Reply-To: Sam <info@aminteam.com>

 Enclosed Pictures. Close to 25% ROI - you must check this one out. 

1062-1064 Maryland St, Grosse Pointe Park This is a fire damaged duplex in the very desirable gross pointe park - close to shores, parks, hospitals and best school system in the east side. Similar properties in the area are selling for $335,000-$375,000.  Each unit is 3 bed 1 bath with its separate basements and utilities.  Each unit has a formal dining room in addition to the living room. These generously sized units will rent for $1,500/mo each.  House has 2 brand new central air units which can be salvaged. House has a nice deck built in the back which can be easily revived. Due to its extensive fire damage, buyer would need to put a $15,000 bond with the city of Grosse Pointe Park before starting the rehab. Once all permits have been pulled and the rehab has been approved by the city, this deposit will be refunded back to the buyer. We have licensed contractors ready to take on the project from start to finish. Please click here to check out before/after pictures of our Boston-Edison success story with a fire damaged property that is currently under contract for a 30%+ net ROI! We acquired the property for $20,000, rehabbed $100,000 and currently it is under contract for $200,000. Our construction team handled the complicated rehab process all the way to the end.  Asking Price = $130,000 (including closing costs) Rehab = $120,000 (excluding the cost of bond) All-in project cost = $250,000 ARV = $335,000 (link for comps below) Closing Costs = $26,800 (6% commission + 2% title fees) Net Sale = $308,200 Net Profit = $58,200 Net ROI = 23.3% Timeline = 8-10 months Click Here for Comps Click Here for Pictures What I love about this deal is that there are two equally favorable exit strategies: flip or long-term buy and hold, both will make perfect sense. The highly desirable duplex inventory in GPP is currently very low, which makes this opportunity even more valuable. Please reply back ASAP if you are interested.  Happy to Help, Sam | Broker text 248.662.7684 Tweet Share Forward Copyright © 2020 Amin Realty, All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Amin Realty 31912 Mound Rd Warren, MI 48092-3820 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.