Property for sale in Detroit - 22356620 - Advertised on propertyO by Global Investments Incorporated

Townhouse for sale


Michigan, Wayne County, Detroit, USA Property ID: 22356620

Property description

This tax auction property has three large bedrooms, a full basement and is in an excellent condition. There is a great long term tenant in place who pays $750 rent a month.This house is currently under management by one of the leading Detroit property management companies.This property is located in Saint Mary’s Academy between Littlefield and Fitzgerald. The property is very close to the John C Lodge Freeway one of the major routes into Downtown Detroit. There are many schools and colleges in the local area including Margrove College one of the biggest colleges in Detroit.


Investment Details


$9,000 rent a year.
$900 management fee.
$1,236 taxes.
$500 insurance.
= 22% net return.

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