26115517 - Buy a Townhouse in USA, Michigan, Wayne County, Detroit

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Five bedroom house

Property Information

Type: Townhouse Property ID: 26115517
Location: Detroit, USA Added on: 18 Oct 2016
Price: £43,385

Short Description

This huge five bedroom house is great value at $54,900 and also tenanted paying $14,400 per year.

Key Information

  • Property ID: 26115517
  • Location: Detroit
  • Property Type: Townhouse
  • Prices: £ 43,385 / € 48,515 / $ 54,900
  • Detatched
  • Garden
  • Suburban
  • Town
  • Basement

Full Description

This huge five bedroom tudor style house is located on one of the most desirable streets in Detroit. Cherrylawn Street is located in the heart of Bagley and is full of unique large colonial houses. This area is incredibly sought after due to its close proximity to the famous University District where you will find some of the most expensive real estate in Detroit. The property has five large bedrooms and has been updated throughout including new carpets and paint. There is a great new tenant in place paying $1,200 rent a month which is very high for Detroit. This property is unique and is under management by one of the leading Detroit property management companies.Bagley is a highly sought after area due to the large colonial style properties and tree lined streets. The area also has some excellent schools and there are many local facilities catering to the local community. This property is only 1 mile from the famous University District.


Investment Details


$14,400 rent a year.
$1,440 management fee.
$2,541 taxes.
$400 insurance.
= 19% net return.

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Property Alerts

  • Townhouse
  • 5 bedrooms
  • USA
  • Detroit
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