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1858 Bournemouth Road | Grosse Pointe Woods, MI

Single Family

Asking Price

$245,000

ARV (Operator Reported)

$360,000

ARV Support:

Archer ARV

$365,000

$345,000 – $385,000

Aligned

Rehab Est.

$60,000

AI: $51,030–$62,370

Projected ROI

18.0%

1/14

Video Walkthrough

3 Bed|1.5 Bath|1,343 sqft

Medium

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Description

Prime Grosse Pointe Woods play in a high-demand retail market. Solid structure with a clean layout. Property needs cosmetic renovation to unlock full value. ⸻ 💡 Why It Hits * ~$115K spread to ARV * Strong comps pushing $350K–$360K+ * Straightforward rehab, no major reconfiguration needed * High-demand area with reliable resale activity * Basement + garage = added buyer appeal ⸻ 📊 Numbers * ARV: $360K * Rehab: $50K–$80K (est.) * Rent: $2,000+ potential ⸻ 🎯 Exit Options Flip it clean and ride the retail wave, or hold for steady cash flow in one of the most stable pockets in Metro Detroit. ARV is $360,000 (Operator Reported).

ARCHER ANALYSIS

9.4%

Medium RehabFix & FlipWayne, MISingle Family