Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This very large colonial property is split into two separate three bedroom apartments. Both apartments are in a great condition and both apartments are tenant occupied, the total rent for both apartments is $10,800 a year. This property is under management by one of the leading Detroit property management companies.This property is located in Petosky-Otsego which is a great area in Detroit with many large colonial properties and right on the border of Boston Edison. It is also only a few miles from the University District where you will find some of the most expensive real estate in Detroit.

 

Investment Details

 

$10,800 rent a year.
$1,080 management fee.
$1,260 taxes.
$800 insurance.
= 20% net return.

Key Information

Property ID: 23410481
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 6
Bathrooms: 2
Price:
  • £30,474
  • €33,400
  • $37,400
Short Description:

This huge six bedroom multi unit house is split into two apartments and both tenanted, a great investment at $37,400.