San Antonio, TX · Member since 2026 · 4 posts · 1 vote
Hey BP community — I have a 2-unit brick duplex in Detroit, MI (48206) under contract and looking for a serious cash buyer to assign to.
Quick numbers:
Asking: $143,900
ARV: ~$262K
Rehab est.: ~$40K
Est. flip profit: $62,500+
Gross rent: ~$2,800/mo
Cap rate: 7.37% | CoC ROI: 16.05%
Closing deadline: June 17, 2026
6 bed · 2.5 bath · 2,764 sq ft · Built 1922 · Brick · Multi-Family zoning
Rehab was completed on both units before tenants moved in. Both units currently occupied, month-to-month, non-paying — fully priced into the asking price.
Dexter-Linwood. Strong pocket on the northwest side — comparable duplexes within half a mile have sold between $236k-$305k in the last 6 months. Let me know if you want the full deal package.
Solid numbers on that duplex. I’m not buying in Detroit right now but I run a similar wholesale operation in CA and Midwest. If you ever come across anything in Indianapolis or have buyers looking in those markets, let’s connect. Always good to know other wholesalers who are moving deals