Eight bedroom house, Detroit, USA
Detroit, Wayne County, Michigan, USA
Property ID: 24618801
Summary Data
| Price | £46,622 |
| Price Type | |
| Bedrooms | 8 - Bed |
| Bathrooms | 4 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This huge property is split into four very large apartments, each of the apartments has two large bedrooms and one bathroom. Currently two of the apartments are tenant occupied by great tenants and the other two apartments are on the market for renting. This house is under management by one of the leading Detroit property management companies.This property is located in Petosky-Otsego which has now come under the radar as an investment hotspot, anywhere in close proximity to the New Center is seen as an excellent investment opportunity. The New Center has the new metro rail-link, shops and restaurants the Detroit Institute of Arts and leads to Midtown where you have the Casino, Wayne Community College and the Stadium.
Investment Details
$16,800 rent a year.
$1,680 management fee.
$1,537 taxes.
$1,000 insurance.
= 23% net return.