Property for sale in Detroit - 22141433 - Advertised on propertyO by Global Investments Incorporated

Townhouse for sale


Michigan, Wayne County, Detroit, USA Property ID: 22141433

Property description

This three bedroom house is located in Grandale, and sold in 2006 for $80,527. The property is currently occupied by a great private tenant who is paying $650 a month. This property is under management by one of the leading Detroit property management companies.This property is located in the heart of Grandale which is a large community in Detroit with many good schools and great local facilities. This property is very close to the I96 Freeway which makes it great for long term rentals.


Investment Details


$7,800 rent a year.
$780 management fee.
$1,200 taxes.
$500 insurance.
= 21% net return.

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