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16560 Ward St, Detroit, MI 48235
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Property Details
This 2-story, 3-bedroom, 1-bath home offers 1,305 square feet of solid investment potential in an established Detroit neighborhood. The heavy lifting has already begun — the property has been fully demoed down to the studs, giving investors a clean slate to redesign, modernize, and maximize value without the uncertainty of hidden issues. Located on Ward Street, the home sits among other single-family residences with long-term owner occupancy and active renovations nearby, signaling continued reinvestment in the area. The layout and square footage support a desirable end product for either resale or rental, making this an ideal candidate for a BRRRR or flip strategy. With an after-repair value estimated at $171,800, this project presents a strong spread for investors willing to execute a thoughtful renovation. Estimated repairs of $85,920 allow room for updated finishes, mechanicals, and curb appeal that today’s buyers and tenants are looking for. At an asking price of $45,000, the numbers leave space for equity creation rather than razor-thin margins. Detroit continues to see steady demand for renovated single-family homes, particularly those offering functional layouts and modern upgrades. Once complete, this property is well-positioned to attract qualified buyers or tenants seeking move-in-ready housing in a revitalizing area. Cash, hard money, or renovation financing only. Ideal for experienced investors ready to bring this property back to life and capitalize on Detroit’s ongoing neighborhood renewal.