Property for sale in Detroit - 23743338 - Advertised on propertyO by Global Investments Incorporated

Townhouse for sale


Michigan, Wayne County, Detroit, USA Property ID: 23743338

Property description

This two bedroom house offers incredible value for money, this property has just been updated throughout with new paint and freshly polished floors, there is a new tenant in place paying $575 a month. It is very rare to find a property in Detroit for under $20,000, especially one that is tenanted and refurbished. This house is under management by one of the leading Detroit property management companies.This property is located in College Heights which is a good family area north of Grandmont Rosedale. This area is also only just 4.5 miles from the famous University District and 3.5 miles from Rosedale Park, this property is ideally located for long term renting.


Investment Details


$9,600 rent a year.
$960 management fee.
$1,300 taxes.
$500 insurance.
= 23% net return.

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