Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This large multi-tenanted property is made up of two very large two bedroom apartments. Both apartments are currently tenant occupied and the rent is $960 a month for both apartments. The property comes on a large plot and has a full basement and detached garage. This property is currently under management by one of the leading Detroit management companies.This property is located in Barton Mc-Farland which is just north of Dearborn. This house is located very close to the Barton Elementary School, which is the main school in the area. This property is only 6.9 miles from the centre of Downtown Detroit.

 

Investment Details

 

$11,520 rent a year.
$1,152 management fee.
$1,400 taxes.
$800 insurance.
= 25% net return.

Key Information

Property ID: 23048673
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 4
Bathrooms: 2
Price:
  • £26,292
  • €29,050
  • $32,900
Short Description:

This large four bedroom multi unit brick house is amazing value at only $32,900 for two apartments this is rare.