Oak Park, Detroit, Michigan
Block of 30 apartments
$350,000
Property Offering a 32% Annual Yield with a 100%+ Capital Return
Offers above US$350,000 or just US$11,670 per apartment now being considered by the owners for free and clear title of this attractive property in a desirable location. Refurbishment Opportunity with an estimated 32% gross annual rental yield and a completed exit value of $1,200,000 million in the current market representing a return of over 100%
Located in an upmarket suburb of Detroit that attracts families and professional residents, this well-built brick complex of 30 apartments is vacant and awaiting refurbishment. Project costings have been submitted at an average price of $8,000 per apartment totalling 240,000 US$. The time scale for full refurbishment is 3-6 months.
Please contact info@aspreyrealestate.com with further enquiries.
Safety Tips:
* 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.