c.1924 Michigan Fixer Upper For Sale $35K

Investor special located in a Federal Opportunity Zone. Two bedrooms are located on the main level, with a third bedroom upstairs and the potential to reconfigure for a fourth bedroom. A sliding glass door leads to a rear deck, providing added living and entertaining space. Ideal opportunity for investors or buyers looking to add value in an improving area.

Pros

1. Cultural Hub: Detroit boasts a rich cultural scene, including world-class museums, live music, and a vibrant arts community, particularly in Motown and jazz.
2. Affordable Housing: The cost of living, especially housing prices, is relatively low compared to many other major cities, making it accessible for homebuyers and renters.
3. Revitalization Efforts: Recent redevelopment initiatives have revitalized many neighborhoods, bringing new businesses, restaurants, and parks to the area.
4. Sports City: Home to professional teams like the Tigers (MLB), Lions (NFL), Pistons (NBA), and Red Wings (NHL), Detroit has a passionate sports culture.
5. Diverse Cuisine: The city offers a wide variety of dining options, from famous coney dogs to upscale dining experiences, embracing diverse culinary traditions.

Cons

1. Crime Rates: Certain areas of Detroit experience higher crime rates, which can be a concern for potential residents regarding safety.
2. Economic Challenges: While the city is on the upswing, it still faces economic issues stemming from past population decline and industrial shifts.
3. Public Transportation Issues: The public transit system is limited, which can make it challenging for those without a car to navigate the city efficiently.
4. Weather Extremes: Detroit experiences cold, snowy winters and hot, humid summers, which may be less appealing to some.
5. Urban Decay: While revitalization is underway, some neighborhoods still show signs of urban decay, with abandoned buildings and infrastructure challenges.