Nubricks.com

Property Sales - 41708468 - House in USA, Michigan, Wayne County, Detroit

<< Back to search results

Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41708468
Detroit, USA
10 Jan 2025
£ 110,314 / € 126,019 / $ 129,900

Short Description

Four bedroom multi unit in Detroit..

Key Information

  • Property ID: 41708468
  • Location: Detroit
  • Property Type: House
  • Prices: £ 110,314 / € 126,019 / $ 129,900

Full Description

This fantastic two apartment multi family home is located in Outer Drive-Hayes on the
Eastside of Detroit, the house is just 2 miles from the old Detroit city airport which is now the
Coleman A Young International airport, mainly used for business and military.
The property is split into two large two bedroom apartments. Both apartments will be
renovated by Global Investments best contractors and will be supplied rent ready to a
Section 8 standard. The works will begin after the new owner closes on the property. When
complete the management company will place brand new vetted tenants. Each apartment
should achieve $1,000 – $1,350 in rent each month.
This house is located in Wade on the East side of Detroit. Wade is close to Harper Woods,
Eastpointe and the famous East English Village. This area has many great schools and lots of
local amenities. The house is just 1.7 Miles to Chandler Park, one of the largest golf courses
in Detroit.

Investment Calculations
Purchase price
$129,900
Gross annual rental income:
$32,400
Property running costs:(Tax, insurance and management costs)
$5,461
Net annual rental income:
$26,939
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

21%

Break even in

4.76 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • Detroit
Note: You can 'widen' the alert by clicking on items in the above list to remove them

Useful Services

CAPTCHA Send my request

Related Properties

© 2005-2013 nubricks.com The Overseas Property Blog. All Rights Reserved
Nubricks.com, 24 Jacks Place, Shoreditch London, E1 6NN, United Kingdom