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Townhouse

Full Description

This tax sale property offers incredible value for money, the house is in a good condition and it is currently tenanted at $750 a month, the price has just been reduced by $4,000, this house is undervalued. The property is under management by one of the leading Detroit property management companies.This property is very well located, the area is called Regents Park and it right next to Eastpointe which is a highly sought after area. Many large companies have chosen this area to locate, including Bank of America,The American Power Boat Association etc, there are shopping malls and the Chandler Park Academy is only two minutes away.

 

Investment Details

 

$9,000 rent a year.
$900 management fee.
$1,999 taxes.
$500 insurance.
= 21% net return.

Key Information

Property ID: 22576088
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £20,114
  • €22,890
  • $26,500
Short Description:

This charming three bedroom brick house is a great first time investment in Detroit at only $26,500 and with a $9,000 rental per year.