3 Bedroom detached brick built property in very popular neighbourhood offering 1 receptions, private front and rear yards and long driveway.
Internal size 1,208 sq. ft.
Total lot size 4,225 sq. ft.
Large Finished Basement 882 sq. ft.
Delivered fully refurbished and letAll of our properties are diligently maintained and managed by a fully accredited property management firm. Our Detroit management team is located in the heart of the community, providing you with a knowledgeable and professional staff on location. We deal with the tenants directly on your behalf and oversee the daily tasks associated with your property.
Detroit is located in the Mid-Western United States, and is the largest city in the State of Michigan. Detroit has long been the industrial capital of the United States. The automotive boom at the turn of the 20th century attracted flocks of migrants from across the USA who settled in the Motor City. With the auto companies as anchors, businesses sprang up in and around the city creating one of the most vibrant metropolitan areas in the country. Today, Metro Detroit is home to over 5 million people and is still a hub of industry and commerce.
- Major regeneration programs underway
- Grosse Point borders to the south with its beautiful neighbourhoods
- Easy access to cinemas, parks and recreation centres
- Historic District
- Neighbourhood consists of single family detached homes and stately apartment buildings
- Many residents are working professionals
- City-wide bus services to downtown and other areas
- Close to community centres and shopping malls
Quality - The recent economic downturn has presented a unique opportunity in many hard hit housing markets. However, the quality of Detroit homes is unmatched. Large, well built brick homes line the streets of the city and are being sold at bargain levels. Each of our homes is fully refurbished and updated, and go through a detailed screening process before being selected.
Return - With millions of federal dollars invested in the city, urban revitalization is fully under effect. Several government
programs have been set up to provide investors with a large pool of potential tenants. These tenants have guaranteed income which can be sent directly to the home owner. With programs such as Sec. 8, which pays above market value monthly rent, return on your investment dollar is unprecedented.
Simplicity - Investing in Detroit couldn't be easier, and we provide you with clear and precise updates to track your investment. Monthly statements and documents are accessible online with the click of a button. Our staff will work with you every step of the way, answering any questions you may have.
This is how the press has received these opportunities;
"Investors flock to Detroit's housing market" - MSNBC
"Statistically it's a Great Time to Buy" - NY Times
"Detroit is Abuzz with Real Estate Deals" - CNN
"Detroit has Enticed Investors from as far away as the UK and Australia" - Fox NewsCurrent Investors: NYC, California, Chicago, Saudi Arabia, Dubai, UK, Israel
Previous Sale Price: $100,000+
Purchase price of: $41,500
Actual rent of: $800 pcm.
Positive Cash flow of: $585 pcm.
Annual Return on Capital: 23.13%
Yield on Purchase Price: 16.90%
Full Management in Place
