This 1900-built property in New Baltimore presents a classic flip opportunity. At $99K for a 1,600 sqft home with 2 kitchens, it's priced significantly below market value. The 'total rehab' and 'fixer upper' description, along with the cash-only requirement, indicates substantial work is needed but offers flexibility as either a single-family home or two separate units.
Consider pursuing this flip with a budget focused on modernizing while preserving historic character. Based on comp data, adding a bedroom and bathroom could increase value to $126K (27% gain), while simply adding space could push it to nearly $150K (51% gain). Given its location near Lake St. Clair and downtown New Baltimore, this property has strong potential despite requiring extensive renovation.