577 Lakewood Street

Great Investor Opportunity! Located in the desirable Jefferson Chalmers area of Detroit, this brick colonial offers 4 bedrooms, 1 bathroom, an unfinished full basement, and a 2-car garage. Homes in this neighborhood are consistently selling for $200-300k! This is a great property for all types of buyers. Looking for a rental investment? This house is currently being renting out for $1,500 to a great tenant. Looking for a fix and flip project? Check out the comps and you will be shocked at the ARV. The home is livable and full of potential for the right investor looking to add value. Recent updates within the last five years include a new furnace, new hot water tank, updated electrical, and a refreshed kitchen with new flooring, countertop, and sink. The home could benefit from new windows and a small roof repair at the back, leaving plenty of room to customize and improve. Conveniently situated near neighborhood parks, the Detroit River, and the Grosse Pointe communities, this property offers both charm and opportunity. Home is being sold as is. Don't miss your chance to take on this promising project in a sought-after Detroit neighborhood!