Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This huge colonial property is located in one of the best areas in Detroit, the New Center/Boston Edison. This property is incredible value for money and has had recent updates throughout. There is a brand new tenant moving into the property next week paying $850 a month. This is a very rare property and it is exclusive to Global Investments, the property is also under management by one of the leading Detroit property management companies.If you are looking for a good location it does not get better than this, this property is part of the famous Boston Edison Historic District but is within the New Center Zip Code. The New Center is the heart of Detroit where you will find the new rail link, the staduim, the casino, plus many restaurants and other attractions this area is incredibly sought after.

 

Investment Details

 

$10,200 rent a year.
$1,020 management fee.
$1,437 taxes.
$500 insurance.
= 18% net return.

Key Information

Property ID: 23598165
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 4
Bathrooms: 1
Price:
  • £30,849
  • €36,940
  • $39,900
Short Description:

This huge four bedroom house is amazing value at only $39,900 and also tenanted paying $10,200 per year.