Two bedroom house, Detroit, USA
Detroit, Wayne County, Michigan, USA
Property ID: 41694619
Summary Data
Price | £56,813 |
Price Type | |
Bedrooms | 2 - Bed |
Bathrooms | 1 - Bath |
Plot Size | |
Building Size |
Sector | Residential |
Type | Houses |
Subtype | |
Tenure | |
Completion | |
Parking |
Location Map
Property Description
This fantastic large two apartment multi family house is located on a very well kept street
just North of Fitzgerald?Marygrove on the Eastside of Detroit, the house is just one mile
and walking distance to Marygrove College.
The property is in a great condition and consists of two large bedrooms, a full basement
and a large rear garden. The property has tenants in place paying $786 in rent each
month. The tenants are Section 8 shooing so the rent is paid direct to the landlord via the
City of Detroit. The tenant has actually requested a rent increase to $900 each month,
although not guaranteed the increase is very likely to be agreed. The property is under
management with a great local Detroit property management company.
This house is located just North of Fitzgerald/Marygrove, a great area in Detroit with a
proud community feel, this area has great schools and lots of local amenities, it is
walking distance to The University district and Bagley, two of the best neighbourhoods in
Detroit and is also walking distance to The Marygrove College which was established in
1905.
Return of investment
10%
Break even in
10 Years.