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Townhouse

Full Description

This large three bedroom house is ideally located in the heart of Cornerstone Village, right next to East English Village.The property is in a great condition and was only refurbished in 2013 including a new roof. The property has great tenants in place paying $700 a month.This is a great rental property and is under management by one of the leading Detroit property management companies.This property is located in Cornerstone Village which is a great location in Detroit, it is right next to East English Village, Grosse Pointe Farms and Harper Woods. This property is perfectly located for long term renting.

 

Investment Details

 

$8,400 rent a year.
$840 management fee.
$1,950 taxes.
$500 insurance.
= 17% net return.

Key Information

Property ID: 22754364
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 3
Bathrooms: 1
Price:
  • £22,391
  • €25,480
  • $29,500
Short Description:

This large three bedroom brick house is amazing value at only $29,500 and tenanted paying $700 per month.