OIP Home BuyersOIP Home Buyers
Property Address:
245 N Monroe Street, Bay City, MI
Property Overview:
Description: 5 Bed / 1 Bath single-family home situated on an oversized approximately 150 x 75 lot (~11,250 SF) with a full unfinished basement. Features include hardwood floors throughout, standing-height basement, and a newer 12x14 Amish-built shed installed last spring. Large lot offers strong rental or resale potential.
Condition: Structurally solid with cosmetic updates needed. Interior is dated but functional. Flooring replacement needed in living room, back office, and upstairs. Trim work needed. No central air.
Occupancy: Owner-occupied (seller relocating with family; belongings currently inside, basement to be cleaned out).
Deal Details:
Deal Type: Fix & Flip / Rental
Asking Price: $ [Will update soon]
ARV (After Repair Value): $[Will update soon]
Comparable Sales: (TBD)
Property Condition:
HVAC: Furnace approximately 15 years old; no central air
Roof: Approximately 15 years old
Foundation / Plumbing / Electrical: Foundation reported solid; plumbing and electrical updated approximately 15 years ago
Additional Notes:
Full basement with standing height and no reported moisture issues. Roof, windows, siding, furnace, plumbing, and electrical all updated approximately 15 years ago. Water heater less than 2 years old. No garage (previous structure removed). Driveway in good condition. No gutters installed.
Closing Info:
Closing Date: TBD
Buyer Responsibilities: Buyer to conduct all due diligence; confirm access and occupancy timeline with seller.
