Ad Title: Six Bedroom House (ref. 25966903) |
Date & Time Listed: 2016-10-06 10:59:44 (GMT)
Type of Ad: Want to Sell
This huge tax sale property is located in Petosky-Otsego. The property is split into two, very large three bedroom apartments. The house has many nice features and comes with a $2,500 refurbishment to make it rental ready. You will also receive a one month rental guarantee, the one months rent will be credited to your account on closing so you get all of the rent on the day you close. Once the work is done this house will rent quickly and it is currently under management by one of the leading Detroit management companies.Petosky-Otsego is a busy area which is very close to the historic district of Boston Edison. It is also very close to the New Center, Mexicantown and Virginia Park, it is only 3.1 miles from Wayne State University.?
$13,200 rent a year.
$1,320 management fee.
= 24% net return.
This property is a Townhouse for sale.
Number of Bedrooms: 6
Number of Bathrooms: 2
Price: 39,900.00 USD
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