Detroit Single Family: Cash Flowing, Rent Ready
A 3-bedroom single family in Detroit — modelled at 11% net.
The Property
This fantastic brick built three bedroom house is located on a very well kept street in Schaefer Lodge on the North West of Detroit, the house is just 3 Miles to Wayne County Community College, one of the best colleges in Detroit, Schaefer Lodge is surrounded by some of the best neighbourhoods in Detroit. The property has three spacious bedrooms, one bathroom, a large lounge diner and a full basement. The property has tenants in place paying $1,100 in rent each month. The current market rent for this property in this location with Section 8 housing is $1,200 - $1,500 each month. The house is under management with a great local Detroit property management company. This house sold last year for $150,000 and is priced for a quick sale. This property is located in Schaefer Lodge, A very nice Community on the North West of Detroit, the property is surrounded by some of the best suburbs in Detroit and is just 5 minutes North of Rosedale Park Historic district. The house is also just 3 Miles to Wayne County Community College.
Details
Features
- 3-bedroom layout with basement
- Delivered tenant-ready
- High rental demand zip code
- Ideal for portfolio growth
- In a fast-appreciating neighborhood
- Legal and tax support available
- Managed by local professional team
- No hidden costs & all fees disclosed