577 Lakewood Street, Detroit, Michigan 48213

$101,000

Property Details

MLS#: 20251056348
Bedrooms: 4
Bathrooms: 1
Square Feet: 1,760
Price per Sqft: $57
Lot Size: 0.1 acres
Year Built: 1938
Property Type: Residential
Status: Active
Days on Market: 70

Market Analysis

Estimated Value (CMA): $77,440
Area Avg Price/Sqft: $44
This Property: $57/sqft ($13 above area average)
Price Position: +30.0% vs comparable homes
Comparable Properties Analyzed: 2

Description

Great Investor Opportunity! Located in the desirable Jefferson Chalmers area of Detroit, this brick colonial offers 4 bedrooms, 1 bathroom, an unfinished full basement, and a 2-car garage. Homes in this neighborhood are consistently selling for $200-300k! This is a great property for all types of buyers. Looking for a rental investment? This house is currently being renting out for $1,500 to a great tenant. Looking for a fix and flip project? Check out the comps and you will be shocked at the ARV. The home is livable and full of potential for the right investor looking to add value. Recent updates within the last five years include a new furnace, new hot water tank, updated electrical, and a refreshed kitchen with new flooring, countertop, and sink. The home could benefit from new windows and a small roof repair at the back, leaving plenty of room to customize and improve. Conveniently situated near neighborhood parks, the Detroit River, and the Grosse Pointe communities, this property offers both charm and opportunity. Home is being sold as is. Don’t miss your chance to take on this promising project in a sought-after Detroit neighborhood!

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 577 Lakewood Street?

577 Lakewood Street is listed at $101,000, or $57 per square foot.

How many bedrooms does 577 Lakewood Street have?

This property has 4 bedrooms and 1 bathrooms, with 1,760 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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