Amenities & Services
Fixtures-Fittings-Furnishings
Building Characteristics
Property Features
Unique investment property that makes an EXCELLENT ROI. One lot with two houses. Big front house has 3 bedrooms and 1 and a half bathrooms. Back house has 2 bedrooms and 1 full bathroom.
Front House:
- Newly refinished hardwood -- see video!
- New forced air central heating furnace
- New hot water heater
- Freshly painted large basement with plenty of storage
- Totally new kitchen
- Updated plumbing and electric
- New carpet in bedrooms
- Rented with an excellent paying tenant
Back House:
- Rented to adult daughter of front house
- Great paying tenant
- Same electric bill as front house
- Separate water bills
- Water bills are both billed directly to the tenants and will never go back to the owner. Detroit bonus!
- Newly carpeted living room and two bedrooms
- Totally newly built kitchen
- New furnace and hot water heater
- Both tenants supply their own appliances: refrigerator, stove, washer, dryer. Less maintenance costs for owners!
- Newly rebuilt bathroom with all new bathtub with nice surround, new toilet, new vanity, mirror, vinyl floor.
- Tenants share grass and snow care
Other information:
- One year lease. Started November 2019. They have already expressed an interest in renewing the lease.
- Property management in place
- Excellent paying tenants
- Quiet street with great neighbors
- No problem tenants
See my video! I'd love to tell you more. (248) 390-3982. Monique Burns
Available Units
- GBP Price: £71,335
- EUR Price: €81,490
- USD Price: $84,000
Key Selling Points
- 16.1% ROI- Newly renovated- Rented to great paying tenants- Great property management in place
Category : Residential Buy to Let
Cash requirement : £71,334
Payment Structure : 1.00 USD Depsoit
Cash purchase no depositCompletion Date:
Newly renovated 2019, now rentedRisk Level: Cautious
All turnkeys have risk. We feel it's minimal.Current Condition : Refurbished
New furnaces, hot water heaters, flooring, windowsOccupancy : Tenanted
One year lease started Nov 2019Income Yield: 16.10% Net Yield Estimated
Inclu PM fees 10%, insurance $1k, taxes $1,520 est.Returns Start In...: September 2020
Returns upon purchaseOngoing Costs : 140.00 USD per Month
$140=10%mgt fees, $1520/yr taxes, $1k/yr insuranceCapital Growth:
Projected