Flip report generated Dec 8, 2024
The Flip Potential of
12811 Wilshire Dr Detroit, MI
is medium.
Current Specs
3 Bed / 1.5 Bath
1,959 sqft
$18 per sqft
Estimated Value$35,000
Flip Advice
This 3-bedroom Tudor in Detroit's Wade neighborhood is a solid candidate for a flip. With a current listing price of $35K and a neighborhood median listing price around $77K, there's potential for profit. However, the property needs a full renovation due to its age and condition, which may require significant investment. The area has a mix of comparable properties, with some selling for up to $80K, indicating a decent market for renovated homes.
Consider investing in cosmetic upgrades and essential repairs to enhance value. Focus on maintaining the original hardwood floors and historic details, as these features can attract buyers looking for charm. Given the current condition, it would be wise to budget for a thorough renovation. Monitor local market trends to time your sale strategically for maximum return.
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