153 Okemos Road, Mason, MI 48854

Property Description

INVESTOR / SCRATCH-AND-DENT OPPORTUNITY IN MASON — BUILT-IN EQUITY POTENTIAL! 153 Okemos St offers a great opportunity for investors, landlords, flippers, contractors, or an owner-occupant willing to put in some sweat equity. This 3-bedroom, 1-bath home offers approximately 1,200 square feet of living space on a generous 0.27-acre lot in the City of Mason. The numbers are where this property gets interesting. Estimated ARV: $220,000-$235,000 Estimated Market Rent: $1,600-$1,750/month Potential Annual Gross Rent: $19,200-$21,000 For a buyer getting into the property in the mid-$160,000s to low-$170,000s, that could represent approximately $50,000-$70,000 in potential equity once the property is updated and brought to its full retail potential. For the flipper, there is room to improve the property cosmetically and capitalize on Mason's stronger retail market. For the buy-and-hold investor, a projected $1,600-$1,750 monthly rent provides a solid rental opportunity in a market with l