Welcome to Kugli.com!
New to Kugli.com?
* Create Member Account!
Already a Member?
* North Delhi
* Gautam Buddha Nagar
* United States
* New York
* Los Angeles
* New York City
* Kuwait City
* Al Ahmadi
* Abu Halifa
Four Bedroom House (ref. 41579648)
Date & Time Listed: 2021-03-25 10:46:21 (GMT)
This fantastic two apartment multi family home is located in the highly sought after area of Aviation Sub, properties in this area have increased in value consistently. This is a quiet respectable area next to Dearborn and has a great community feel. This property is split into two very large two bedroom apartments which have just been updated throughout, the updates include brand new windows throughout, new kitchens, updated bathrooms and a finished sealed basement. The management company will place brand new tenants in each apartment when the new owner closes on the property paying $850 in rent per month. The tenants will also be Section 8 housing so the rent will be paid direct to the landlord via the US Government.
Aviation Sub is seen as one of the best neighbourhoods in Detroit, it was one of the first exclusive subdivisions built outside the city of Detroit. This area is next to Dearborn which is also viewed as one of the top areas in Detroit. Many residents of Dearborn have re- located to Aviation Sub due to its exclusive appeal.
Purchase price: 94,900
Gross annual rental income: $20,400
Property running costs: $3,999
(Tax, insurance and management costs)
Net annual rental income: $16,401
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
Break even in 5.5 Years
This property is a Townhouse for sale.
Number of Bedrooms: 4
Number of Bathrooms: 2
Price: 94,900.00 USD
More Ads Posted by Member
Contact Ad Poster by E-Mail
* Deal Locally with persons you can meet face to face - this is the most important tip!
* Avoid Sending Funds with Western Union, Moneygram or and other similar service
* Kugli.com is not an Escrow service, we are not involved in any transaction between our members.
* Wayne - Real Estate Classified Ads
* Michigan, United States - Real Estate Classified Ads
* United States - Real Estate Classified Ads
* Wayne - Houses for Sale Classified Ads
* Michigan, United States - Houses for Sale Classified Ads
* United States - Houses for Sale Classified Ads