27 photos
$130,000
612 Lakewood St
Detroit, MI 48215
Derek C Lievens, Market Elite Inc · (586) 251-0291
What the listing says
Unlock the potential of this spacious Detroit home, ready for your finishing touches. Whether you re an investor searching for your next project or a homeowner looking to build equity, this property offers a fantastic opportunity without requiring a full-scale renovation. With a solid foundation to work from, it won t take much to transform this house into something truly special. Conveniently located near major highways, schools, parks, shopping, and everyday amenities, you ll enjoy easy access to everything Detroit has to offer. Don t miss your chance to bring your vision to life. Schedule your private showing today! Purchaser to pay 395 processing fee. As-is sale. SELLER FINANCING / LAND CONTRACT TERMS AVAILABLE AT 140,000 PURCHASE PRICE, 40,000 DOWN PAYMENT, 8% INTEREST, 120 MONTH TERM. 1092 / MONTH. seller financing/land contract terms are negotiable.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Single Family
Lot Size
5,662.8 sq ft
HOA
None
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Questions about owner financing in Detroit
What is owner financing for 612 Lakewood St?
Owner financing means the seller of 612 Lakewood St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Detroit, MI home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Detroit home?
There is no standard down payment. The seller of this Detroit home sets their own, and it is negotiable. Ask the seller or their agent.