REP | 20053 Hickory St, Detroit, MI 48205

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20053 Hickory St, Detroit, MI 48205

Single Family / 3 Bedroom(s) / 1 Bath(s)

Property Status: Pending | $6,900.00 (Wholesale) |

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Contact Info

REI Daily Deals
(248) 838-0975

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Michigan Detroit

Deep Value Detroit 48205 Property Ready for Full Renovation with Functional Layout, Full Basement & Attached Garage

Property Status:
Pending | $6,900.00 (Wholesale)

Contact Info

REI Daily Deals
(248) 838-0975

Request To See This Property

Property Details:

Single Family / 3 BR / 1 BA

Property Style:

1-Story

Year Built:

1943

Finished Sq Ft:

6,900

Garage:

1 Car Attached

Basement:

Finished Basement

Owner / Agent:

Wholesale

Property Features:

Fireplace

Fenced Yard

Property Description:

Investment Potential:
This property offers an extremely low entry point at only $6,900, creating a rare high-upside opportunity for investors who specialize in value-add or redevelopment projects. With an ARV of $100,000, the spread is substantial, allowing room for a complete transformation while still maintaining strong equity. The home has fire damage on the second floor and will require a full rehab, including rebuilding the affected areas, replacing windows, and addressing mechanical updates. However, the foundation shows no reported issues, the layout provides over 1,000 sq. ft. of living space, and the structure remains a viable candidate for a full restoration.

Once renovated, the property has multiple exit strategies: it can be repositioned as a clean retail flip in a price-sensitive market or held as a strong rental asset, given the consistent demand for three-bedroom homes in this area. Delivered vacant at closing, investors can begin work immediately without delays. For those seeking a deep-value acquisition with significant equity potential and the chance to control the entire scope of renovation, this is one of the strongest price-to-ARV opportunities currently available in Detroit

Asking Price: $6,900
ARV: $100,000
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HOUSE ACCESS: Thursday, July 23rd at 3:00 PM

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Details
3 Bedrooms / 1 Bathroom
1,050 sq. ft.
Lot Size: 4,791 sq. ft.
Year Built: 1943
Attached Garage
Full Basement
Vacant at Closing
Closing: By 08/15/2026
EMD: Required within 24 hrs of signing
Buyer Agents: Welcome – 2.7% commission

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Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee. Real Estate Promo is not responsible nor will be held liable for the property or the information listed here.

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