Nubricks.com
Property Sales - 41701067 - House in USA, Michigan, Wayne County, Detroit
This fantastic unique opportunity to purchase a Detroit City certified brick built 8apartment residence on a very well kept street in Harmony Village on the Eastside ofDetroit, the house is just 1 mile to Renaissance High School.This property consists of eight spacious two bedroom, one bathroom apartments. Unit6 has a private tenant in place paying $1,000 in rent each month. Units 1,2,4,5,7 & 8 allhave Section 8 tenants in place. The rents are $900, 3 x $950, 1 x $978 & 1 x $980 Unit3 has just become available and the management company will place a brand newtenant paying $900 – $1,000 in rent eacxh month.This house is located in Harmony Village, a great area in Detroit with a proudcommunity feel, this area has great schools and lots of local amenities, it is close to theUniversity district and Bagley, two of the best neighbourhoods in Detroit and is alsowalking distance to Renaissance High School.
Return of investment
11%
Break even in
11,1 Years.
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