Promising Investment or Renovation Opportunity in Detroit’s Ravendale Neighborhood

Promising Investment or Renovation Opportunity in Detroit’s Ravendale Neighborhood

Located at 12151 Corbett St, Detroit, MI 48213, this spacious and versatile property presents an exceptional opportunity for investors, renovators, or homeowners seeking a project with strong upside potential.

Listed at $79,800, the home is positioned in the growing Ravendale neighborhood on Detroit’s east side—an area experiencing steady revitalization, increased development, and heightened buyer interest.

Whether you are searching for your next investment property or looking to transform a home to suit your personal style, this residence offers the size, location, and terms that make it a compelling option.

A Neighborhood on the Rise

Ravendale has become an increasingly appealing area for buyers and developers alike. Its proximity to major streets, schools, city parks, and public transportation routes provides added convenience for residents.

In addition, its location grants easy access to downtown Detroit as well as the surrounding suburbs, making it ideal for commuters and city dwellers who appreciate both connectivity and affordability. The neighborhood’s ongoing redevelopment efforts offer promising long-term value, making now an opportune time to invest before prices climb further.

A Spacious Home With Flexibility

One of the biggest draws of this property is its generous size, offering five bedrooms and two bathrooms—including one full bath and one half bath. This amount of living space is rare at this price point in Detroit, especially in a neighborhood poised for growth.

The layout allows endless possibilities: multigenerational living, room rentals, guest accommodations, or conversion into a multi-unit investment with the proper approvals and renovations.

For buyers seeking a property to customize, the home provides a solid footprint while still allowing the creative freedom to redesign or modernize. Investors, too, will appreciate the potential for strong returns, as larger homes in improving neighborhoods often perform well in both rental and resale markets.

Great Bones and Strong Potential

The home is being sold as-is, giving buyers the opportunity to renovate according to their own preferences and budget. With the right improvements—updated kitchens and baths, refinished flooring, enhanced curb appeal, and refreshed mechanicals—the property could become a standout home in the area.

Whether the future owner intends to occupy the home or lease it out, the existing layout offers a strong foundation to build upon.

Valuable Parking and Garage Space

Parking is often a premium in Detroit, and this property delivers with two total parking spaces as well as a detached two-car garage. This is an especially attractive feature for homeowners with multiple vehicles, storage needs, or plans to use the garage as a workshop. For investors, secure garage parking can also boost rental value and tenant appeal.

Flexible Seller Financing Options

One of the most attractive elements of this listing is the availability of seller financing / land contract terms, making the purchase more accessible to buyers who prefer alternative financing methods or may not qualify for traditional loans.

The seller is offering the following sample terms:

Purchase price: $100,000

Down payment: $22,000

Interest rate: 8%

Term: 120 months

Estimated monthly payment: $946

These terms are negotiable, allowing buyers some flexibility during the purchase process. Seller financing can be an excellent option for individuals who desire ownership but need more lenient qualification requirements or wish to avoid lengthy bank approvals.

It is worth noting that the purchaser will also be responsible for a $395 processing fee.

A Chance to Join Detroit’s Ongoing Growth

Detroit continues to experience a resurgence, with new businesses, housing developments, and community initiatives revitalizing neighborhoods across the city. Ravendale is part of this momentum, and 12151 Corbett St sits in an ideal location for those looking to invest in the city’s future.

With its large footprint, appealing financing terms, garage space, and increasing neighborhood value, this property stands out as an excellent opportunity for both new and seasoned buyers. Whether you’re planning to renovate, rent, or reside in the home, this is the perfect moment to get in while the area is still rising.

For anyone seeking a promising project in a rapidly improving Detroit neighborhood, 12151 Corbett St deserves strong consideration. Opportunities like this—with size, flexibility, and potential—don’t come along often, making now the ideal time to act.

INSIDE PHOTOS :