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24839176 - Buy a Townhouse in USA, Michigan, Wayne County, Detroit

  • This property has been added by Synergy Property Investments (Global Investments Incorporated)
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Eight bedroom house

Property Information

Type: Townhouse Property ID: 24839176
Location: Detroit, USA Added on: 14 Jul 2016
Price: £41,265

Short Description

This huge eight bedroom multi unit house is amazing value at $54,000 and with a huge 33% net return.

Key Information

  • Property ID: 24839176
  • Location: Detroit
  • Property Type: Townhouse
  • Prices: £ 41,265 / € 47,766 / $ 54,000
  • Detatched
  • Garden
  • Suburban
  • Town
  • Off Street Parking

Full Description

This huge property is split into four very large two bedroom apartments. Two of the apartments are currently tenant occupied at $400 a month and $425 a month. The two vacant apartments come with a $4,000 refurbishment included in the purchase price, they will rent for $500 for each apartment. This property also comes with two months guaranteed rent for the vacant apartments. The two months rent will be credited to your account on closing so you get all of the rent on the day you close. This property is under management by one of the leading Detroit management companies.This property is very well located, it is located in Potters which is less than 10 minutes from Downtown Detroit, to the east you have Morningside and to the west you have Midtown, this property will always be great for long term renting.

 

Investment Details

 

$21,900 rent a year.
$2,190 management fee.
$612.72 taxes.
$1,000 insurance.
= 33% net return.

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  • Townhouse
  • 8 bedrooms
  • USA
  • Detroit
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