Five bedroom house, Detroit, USA
Detroit, Wayne County, Michigan, USA
Property ID: 25118212
Summary Data
| Price | £42,376 |
| Price Type | |
| Bedrooms | 5 - Bed |
| Bathrooms | 2 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This large multi-family home in Detroit has to be the best property on the market today. It is located in one of the best areas in Detroit, Grandmont Rosedale. This property is split into two very large apartments, you have a three bedroom apartment downstairs and a two bedroom apartment upstairs, both apartments are currently occupied by great long term tenants. This property is currently under management by one of the leading Detroit property management companies.Grandmont Rosedale is viewed as one of the best areas in Detroit and has its own Development Corporation who take care of the local parks, tree-lined streets and local shopping area. The area also contains some of the best schools and colleges in Detroit.
Investment Details
$13,800 rent a year.
$1,380 management fee.
$1,239 taxes.
$800 insurance.
= 21% net return.