Global Property Guide

Financial Information for the Residential Property Buyer

Townhouse

Full Description

This large brick property is split into two very large apartments. Both apartments have three bedrooms and separate utilities and both apartments are tenant occupied.This house is under management by one of the leading Detroit property management companies.This property is located in Oakman next to Petosky, this area is only 4.9 miles to the University District and 3 miles to the New Center where you will find the new metro rail link.

 

Investment Details

 

$11,400 rent a year.
$1,400 management fee.
$1,569 taxes.
$1,000 insurance.
= 26% net return.

Key Information

Property ID: 23854433
Location: USA, Michigan, Wayne County, Detroit
Categories:
  • House
  • Townhouse
Bedrooms: 6
Bathrooms: 2
Price:
  • £21,966
  • €24,390
  • $28,900
Short Description:

This huge six bedroom multi unit house is great value at only $28,900 and with a rental income of $11,400