2573 Fisher Rd, Melvindale MI 48122
Sold on Warranty Deed with clear title.
Excellent potential- Very good location and strong demand for houses and rentals.
Potential rental income: $1,000/ month
Attractive single storey ranch style Single Family home with a side entry garage in a very good neighbourhood, next to the largest industrial area in Metro Detroit, lots of blue collar families and almost no vacant homes.
Built: 1950.
The house is 1,080 sq ft and has three bedrooms, one bathroom, one kitchen, and a living room. Lot area: 3,659 sq ft lot.
Heating: Forced Air unit.
The house is approached through a few steps that lead to a small covered front porch. At the back, there is a large back porch that leads to the back yard and the detached garage.
The property is generally in good condition but needs repairs and updating. The main repair is a roof leak over one of the bedrooms that caused damage to the ceiling. The windows and floors look in good condition requiring minimal work except for the kitchen floor which needs new covering, the kitchen units look in reasonable condition but need some repairs, the electrics appear to be in working order but will need checking. The bathroom units look in working order but will also need checking. The whole house will need a full clean up, decoration, new carpets and painting to finish it off.
EXCELLENT INVESTMENT OPPORTUNITY, IDEAL FOR A FAMILY HOME OR FOR RENTAL INCOME.
Great location:
The property is located in a very good neighbourhood. The street looks tidy and clean and the nearby houses are very well kept and there were no signs of any other unoccupied homes.
The property is located next to the largest industrial area in Metro Detroit, lots of blue collar families and almost no vacant homes.
The property is less than a mile from Downtown Melvindale and about 3.6 miles to Downtown Dearborn and all its amenities. Downtown Detroit is 12.8 miles. The proeprty is close to local facilities and amenities.
Restaurants
La FavoritaTienda Mexicana (.4mi), Oakwood Country Café (.4mi), White Castle (.5mi), New Canton Inn (.6mi), SUBWAY® Restaurants (.6mi), Wendy's (.7mi), Pancho's Mexican Restaurant (.7mi), Hungry Howie's Pizza (.7mi), Fish Station (.8mi), Zukin's Rib Shack (.8mi), Cities Subs (.8mi), Sabina's Restaurant (.8mi), Subway (.8mi), Ming Sun Restaurant (.8mi), Burger King (.8mi), Tubby's (.8mi), Hops & Barley Bar & Grill (.8mi), Fredi "The PizzaMan " (.8mi), McDonald's (.9mi), TaqueriaMi Tierra (.9mi), La Salsa Mexican Cuisine (.9mi), Brews Brothers Bar & Grill (.9mi), Melvindale Coney Island (.9mi), Las Cazuelas Grill – Melvindale (.9mi), Willie's Food Station (.9mi), Subway (1mi), Happy's Pizza (1mi), D L G Restaurant Group Inc (1mi), Best Damn Bar and Grill (1mi), KFC (1mi), Seventy Eight (1mi), Domino's Pizza (1.1mi), Felipe Soria (1.1mi), Park Place Pizza Inc (1.1mi), Dix Coney Island (1.2mi), Wendy's (1.2mi), Beans and Cornbread (1.2mi), Mr. Fish & Chicken (1.2mi), B C's Pizza (1.3mi), O'Henrys (1.3mi), Sylvia's Super Sub Shop (1.3mi), St Louie's Pizza & Wings (1.4mi), Rosa Mexicana (1.5mi), Tijuana's Mexican Kitchen (1.5mi), Restaurant Rerun (1.5mi), McDonald's (1.5mi), Simon's After Dark (1.5mi), Big Boy (1.5mi), The Taco Stand Taqueria (1.6mi), Wong's Chop Suey (1.6mi), Blaze Pizza (1.6mi), Chipotle Mexican Grill (1.6mi), Charlie's Family Dining (1.6mi), Potbelly Sandwich Shop (1.6mi), Shish Kabob Express (1.7mi), Paleteria Y Neveria La Sultana (1.7mi), Shrimp Hut (1.7mi), Haagen-Dazs® Ice Cream Shop (1.7mi), On The Border Mexican Grill & Cantina (1.7mi), Chicken Shack (1.7mi), Qdoba Mexican Eats (1.8mi), Olga's Kitchen (1.8mi), Long John Silver's (1.8mi), Arby's (1.8mi), Jimmy John's (1.9mi), Sin LimiteTaqueria (1.9mi), Griff's (1.9mi), Pizza Connection (1.9mi), Pizza Hut (1.9mi), Leo's Coney Island (1.9mi), SUBWAY®Restaurants (1.9mi), McDonald's (1.9mi), SUBWAY (1.9mi), Little Caesars Pizza (1.9mi), Fish (1.9mi), White Castle (1.9mi), Burger King (1.9mi), Pekin Tokyo (1.9mi), Dairy Queen Store (2mi), Jefferson Fish & Chicken (2mi), The Avenue Restaurant (2mi), Boston Market (2mi), 1000 Degrees Neapolitan Pizzeria (2mi), Applebee's (2mi),
Coffee
Tim Hortons (.5mi), Becky's Bake Shoppe (.7mi), 7-Eleven (.8mi), Perfect Café (.9mi), 7-Eleven (1.2mi), Panera Bread (1.7mi), Refuge Coffee (1.7mi), Tim Hortons (1.7mi), Starbucks (1.8mi), 7-Eleven (1.9mi), Krispy Kreme Doughnuts (1.9mi), BIGGBY COFFEE (2mi), Auburn Café (2.1mi),
Bars
Xanders Ball Park (.6mi), Jake's CrossRoads Bar (.6mi), Li'l Easy (.8mi), Cinders Bar (.9mi), Perfect Beat Inc (.9mi), The Libra Bar (1mi), White Rhino Sports Bar (1mi), Rattler's Sports & Entertainment Lounge (1.4mi), Dow's Village Inn (1.5mi), Simons Bar (1.5mi), Fort St Brewery (1.6mi), Giovanni's (1.7mi), Joe & Joe's Bar (1.7mi), Dunleavy's (2mi), Brown Derby Bar (2mi), Coolidge Inn Bar (2mi), Flapper's Bar (2mi), Duke of Earl's Bar (2.1mi), Al La Enterprise (2.1mi), Club Polo (2.1mi), Hurry Back Bar (2.2mi), Mr K's Saloon (2.3mi), Reflections Bar & Grill Detroit (2.3mi), Johnnie's Bar And Grill (2.3mi), River Rouge Bar & Grill (2.3mi), The Hair Saloon (2.3mi), Full Throttle Bar & Grill (2.3mi), Super Sports Bar (2.3mi), One Eyed Jack's (2.3mi), Pulaski Civic Club (2.4mi), Long Tom Lounge (2.4mi), Dabrewski's Liquor Emporium (2.4mi), Mustang Inn (2.7mi), Wheat and Rye Bar (2.7mi), Denny's Gin Mil (2.7mi), Happy Hour Bar Grill (2.8mi),
Groceries
El Jalapeño Mexican Market Inc (.4mi), Oakwood Food Center (.6mi), Melvindale Fresh Market (.7mi), Wiz Medz (.8mi), Al-Jon's Party Store (1.1mi), Lincoln Park Fruit Market (1.2mi), Save-A-Lot (1.3mi), Ecorse Market (1.4mi), Pinewood Market (1.4mi), Vegas Market (1.5mi), La Rosita (1.5mi), Meijer (1.6mi), Save-A-Lot (1.7mi), Pierino Frozen Foods (1.7mi), Fort-Visger CDC Farmers Market (1.8mi), Aldi (1.8mi), KROGER (1.8mi), Los Arcos Market(2mi), Bi-Rite Supermarket (2mi), Mirandas (2mi), Islamic Village Market (2.2mi), Islamic Town Center (2.3mi), Allen Park Farmers Market (2.3mi), Ecorse Family Food Center (2.3mi),
Parks
De Luca Field (.9mi), Coogan Park (1.1mi), Brand Park (1.2mi), Quandt Park (1.5mi), John F Kennedy Park (2.1mi), TPC Michigan (2.2mi), Rosedale Park (2.2mi), Rotunda Fields (2.3mi), Cunningham Park (2.7mi), Geer Park (2.7mi), Lapeer Park (2.8mi), Weiss Playground (2.8mi),
Schools
Allendale Elementary School (.5mi), Julian O. Strong Middle School (.5mi), Melvindale High School (.7mi), Montessori Child Center Of Allen (1mi), Pierre Toussaint Academy (1.1mi), Academy for Business and Technology High S (1.2mi), Mark Twain Elementary School (1.2mi), Lafayette School (1.3mi), Inter-city Baptist School (1.4mi), Clarence B Sabbath School (1.5mi), CB Sabbath 6-8 Preparatory Academy (1.5mi), River Rouge Head Start Program (1.5mi), Ralph J. Bunche School (1.6mi), Ecorse Head Start (1.6mi), Henry Ford Academy (1.6mi), White School (1.6mi), Raupp School (1.7mi), Miller School (1.7mi), River Rouge Schools (1.8mi), River Rouge Superintendant Office (1.9mi), River Rouge High School (1.9mi), Our Lady of Lourdes School (1.9mi), Ann Visger Primary School (2mi), Ecorse Public School Adult Edu (2mi), michigan mixed martial arts (2.1mi), Ann Visger Elementary School (2.1mi), Ecorse Community High School (2.1mi), Rogers Early Elementary School (2.1mi), Beacon Day Treatment (2.1mi), Ecorse Community High School (2.2mi), Howe Trainable Center and Montessori (2.2mi), Lincoln Park High School (2.2mi), Kumon Math and Reading Center of Dearborn (2.2mi), Children's Paradise Learning Center (2.3mi), Dr. Charles Drew Academy (2.3mi), Ecorse School Number 2 (2.3m),
Shopping
Family Dollar #7139 (.6mi), Eddie's Newsstand (.7mi), CITY THRIFT (.8mi), Kynnedy's Apparel (.8mi), Fifth Wheel I (1mi), The Palace (1mi), Great Lakes Thrift Store (1.2mi), Best Impressions (1.2mi), Dollar General (1.2mi), Inter-City Baptist Bookstore (1.4mi), Graphic Creation (1.4mi), Sylvester Borom (1.4mi), Flowers By Lobb (1.4mi),
Entertainment
BobloSte Claire Dock (1.8mi), Lincoln Park Historical Society (1.8mi), River Rouge Historical Museum (2mi), Jane/McCrary Plains (2.1mi), Allen Park Digital Cinemas (2.2mi), Lincoln Park Train Club (2.6mi), Ford Rouge Factory Tour (2.7mi),
Errands
Rite Way Pharmacy (.6mi), Advance America (.6mi), Drug Basics (.6mi), MM ACCOUNTING & TAX SERVICES (.7mi), Bank of America (.8mi), CVS Pharmacy (.8mi), Melvindale Pharmacy (.8mi), Rite Aid (.8mi), Melvindale Hardware (.9mi), Kenechukwu U. Monplaisir, RPH (.9mi), Melvindale Community Credit Union (.9mi), Downriver Catholic Federal Credit Union (1mi), Flagstar Bank (1.1mi), American 1 Credit Union (1.1mi), United States Postal Service (1.1mi), Deckers Hardware (1.2mi), Baker's Gas & Welding Supplies and Baker's Propane (1.2mi), Fifth Third Bank (1.2mi), Rivera Medical Center Pharmacy (1.3mi), PNC Bank (1.4mi), The Home Depot (1.5mi), United States Postal Service (1.6mi), Meijer Pharmacy (1.6mi), Acme Bolt & Nut Co (1.6mi), Bank of America (1.7mi), HousseinHammoud, RPH (1.7mi), Roy C. Woolery III, RPh (1.7mi), Great Lakes Pharmacy(1.7mi), Bank of America Financial Center (1.7mi), Mark P. Kirsch, RPh (1.8mi), Advance America (1.8mi), Citizens Bank Supermarket Branch (1.8mi), HalaWasfy, RPh (1.8mi), CVS Pharmacy (1.8mi), Citizens Bank (1.8mi), CVS/pharmacy (2mi), Med Rx Pharmacy (2mi), Lowe's Home Improvement (2mi), Monroe County Community Credit Union (2mi), River Rouge Pharmacy (2mi), Gog Pharmacy (2mi), American Ace Builders Supply (2mi), Ronald J. Marshall, RPH (2mi), Lozon True Value Hardware (2mi), Yervant Y. Bedikian, Registerd (2mi), Rite Aid (2.1mi), FIFTH THIRD BANK (2.1mi), US Post Office (2.1mi)
Downtown Melvindale 0.9 miles
Downtown Dearborn 3.6 miles
Downtown Detroit 12.8 miles
University of Michigan Dearborn 5.6 miles
The Henry Ford 5.2 miles
Fairlane Green Shopping Mall 2.4 miles
Fairlane Town Center Shopping Mall 6.4 miles
THIS IS A UNIQUE OPPORTUNITY FOR THE SAVVY BUSINESS OWNER, DEVELOPER OR INVESTOR TO OWN A POTENTIALLY HIGH INCOME PROPERTY AT A DISCOUNTED PRICE IN A GREAT LOCATION.
Great investment opportunity:
The average price for similar homes $84,891 (Realtytrac)
Excellent income potential once rehabbed:
There is strong demand for rentals in this area due to proximity to the largest industrial area in Metro Detroit and large employers in Dearborn and there are a few similar houses available for rent.
3 bedroom houses in this area are renting for about $1,000/ month.
(hotpads & rentometer.com)
Taxes:
Wayne County, OH: Tax ID: 47002020209000
PROPERTY IS SOLD AS IS, WHERE IS- Sold on Warranty deed with clear title.
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
Buyer will also be responsible for $500 deed prep and doc fee as well as 8 % premium.
10% non-refundable deposit (minimum $1,000), auction premium and $500 deed preparation and doc fee are due within 48 hours of auction close.
Final Payment to be made within 2 weeks of the Auction close.
All bidders to do their due diligence. Sold on a Special Warranty Deed with clear title with seller assuming the back taxes and buyer assuming current 2016 onward taxes. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. Buyers are responsible for fixing building code violations (if any). Buyers are bound by the Purchase Agreement which is attached under the Due Diligence section. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
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