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Investment @property Directory

Single Family in Detroit, MI

Residential Income Property (Single Family Rental)

Listing Expired over 3 years ago

List Price:

$45,000

XXXX Sorrento
Detroit, Michigan 48227 Get Map


Built 1928
Posted June 30, 2008



Description:

ADDITIONAL PROPERTY PROFILES AVAILABLE UPON REQUEST!!!
DEEP DISCOUNTS FOR CASH AND BULK BUYERS!!!
4 Bedrooms, 2.5 Bath, Large Finished Basement, Fireplace, Garage
Offered At: $45,000
Sq. Ft. 1,832
Current Rental Rate: $850 (tenant pays all utilities)
Tax: $1649 (yearly)/ $137 (monthly)
Insurance: $900 (yearly)/ $75 (monthly)
Cash Flow: $638
ROI: $7656 or 17%
Features:
ï‚· New Carpet & Hardwood
Rent-to-own: Yes
ï‚· Appliances
Appraised Value: $85k – $105k
ï‚· Fireplace
ï‚· Finished Basement w/ Bar
ï‚· Newer Roof
ï‚· Updated Plumbing
ï‚· Optional Security System