Turn Key Property for Sale - Warren, MI (Detroit Suburb) - $110K, 9% Cap, $259/M CF

[Rocky Gibson]

This Warren, Michigan property is Turn Key and has a tenant paying $1150/month. 

With this purchase I will introduce you to all the necessary parties to set you up for success with your investment.

That includes the property management, inspectors (should you wish), prospective lenders, and any other local resources you need.

If interested in this property (or others I have coming up) - fill out the form below and I will get in touch with more details including photos, financials, inspection reports, and answer any other questions you may have.

https://docs.google.com/.../1oGlQ-FqvO.../edit

Property Highlights

Asking Price: $110K

Financials: 9% cap rate. $259/mo cash flow per month. 13% CoC return

Condition: Fresh interior paint, updated electrical, and new appliances throughout. The bathroom has a new vanity and refinished shower, and both porches have been brought up to code. With a new central AC, serviced furnace, and installed smoke/CO2 detectors, the home is move-in ready.

Tenants: Established tenant with a strong work history and rent history. All checked and managed by the property management company.

Value: Nearby homes sold for 100-120k, comps provided upon request.

[Drew Sygit]

@Rocky Gibson not trying to be difficult, but this is what Zillow shows:

2 bd1 ba795 sqft

7209 Prospect Ave, Warren, MI 48091

Sold: $61,500Sold on 09/03/24
Zestimate®: $69,500

So, recommend you share pics and such in a Google Drive link to show the improvements you've made to justify the significant increase in value:)