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28143516 - 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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Five bedroom house

Property Information

Type: Townhouse Property ID: 28143516
Location: Detroit, USA Added on: 03 Jun 2017
Price: £34,311

Short Description

This large five bedroom house is amazing value at $44,900 and also tenanted.

Key Information

  • Property ID: 28143516
  • Location: Detroit
  • Property Type: Townhouse
  • Prices: £ 34,311 / € 39,717 / $ 44,900
  • Detatched
  • Garden
  • Suburban
  • Town
  • Off Street Parking

Full Description

This huge five bedroom family home is located on a very well kept street in Stevens Estate on the Eastside of Detroit, this area is know for it’s mix of different styles of colonial houses. The property is over 1,350 sqft and has five bedrooms, two bathrooms, a large kitchen and living room and a separate dinning room. The property is in a great condition and has a tenant in place paying $975 a month which is very high for Detroit.This property is currently under management by one of the leading Detroit property management companies, this property sold in 2004 for over $85,000.This property is located in Stevens Estate which has many great schools and good local amenities. Nearby schools include Beckham William Academy, Edward (Duke) Ellington Conservatory of MU School and Hamilton Elementary- Middle School. Stevens Estate is next to Denby and is close to Morningside, Harper Woods and Eastpointe.

 

Investment Details

 

$11,700 rent a year.
$1,170 management fee.
$1,158 taxes.
$500 insurance.
= 20% net return.

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  • Townhouse
  • 5 bedrooms
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