Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This huge property is split into four very large one bedroom apartments. Three of the apartments are currently tenanted and one apartment is on the market for renting. This property is located in Virginia Park, one of the hottest areas in Detroit right now as it is right next to the New Center. This house is under management by one of the leading Detroit property management companies.Virginia Park is in high demand at the moment due to its close proximity to Downtown and Midtown, this property is close to everything, the Stadium, the Casino, the University, Comercia Park and the new metro rail link, if you want to buy in the heart of the action this is the perfect property.

 

Investment Details

 

$25,200 rent a year.
$2,016 management fee.
$1,145 taxes.
$1,500 insurance.
= 35% net return.

Key Information

Property ID: 23659293
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 4
Bathrooms: 4
Price:
  • £48,074
  • €52,690
  • $59,000
Short Description:

This huge four bedroom multi unit house is amazing value at only $59,000 with a huge net return of 35%.