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Four Bedroom House (ref. 27737574)
Date & Time Listed: 2017-03-20 11:53:39 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 1
Posted From: United States, Michigan, Wayne


Ad Details:

This is a unique opportunity to purchase a large colonial Section 8 house on the Westside of Detroit just a few streets away Belmont, these types of properties do not come on the market very often. This property has four very large bedrooms and is in a good condition throughout. There is a detached garage, large rear garden and also comes on a large corner plot. This property is tenanted by a Section 8 tenant and the rent is very high at $900 a month, this rent is paid by the US Government.This property is managed by one of the leading Detroit property management companies.This property is located in Groveland, just a few streets away from the Belmont which has some of the most expensive real estate in Detroit. It is also very close to Grandmont Rosedale, Rosedale Park, The University District, and Grandale which are all very good areas in Detroit.
Investment Details
$10,800 rent a year.
$1,080 management fee.
$1,841 taxes.
$500 insurance.
= 20% net return.
This property is a Townhouse for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 1

Price: 37,900.00 USD




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