Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This huge multi-family home has to be the best valued property on the market today in Detroit. The house is split into two very large two bedroom apartments and both apartments are rental ready and have just been put on the market. The property is located in Schoolcraft just on the border with Grandmont Rosedale which is one of the best areas in Detroit. The house is also currently under management by one of the leading Detroit property management companies who will be placing tenants shortly.Schoolcraft is a great area in Detroit with many good schools and lots of local amenities, it borders Grandmont Rosedale which is one of the best areas in Detroit. To the west you have Grandmont itself and to the east you have Robert Oakman, also great areas in Detroit.

 

Investment Details

 

$10,800 rent a year.
$1,080 management fee.
$1,427 taxes.
$800 insurance.
= 25% net return.

Key Information

Property ID: 22998181
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 4
Bathrooms: 2
Price:
  • £23,118
  • €27,680
  • $29,900
Short Description:

This huge four bedroom multi unit house is split into two apartments a great investment in Detroit for only $29,900.