OUTSTANDING INVESTMENT OPPORTUNITY IN MICHIGAN

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OUTSTANDING INVESTMENT OPPORTUNITY IN MICHIGAN

Daniel Elijah Richardson

Real Estate Broker · MI · Member since 2015 · 209 posts · 16 votes

NEW DEAL ALERT!!!

21148 Woodside Ave, Ferndale, MI 48220

$16k Asking.

Value: $60k

Renovation costs: $20k (Estimated - Buyer to verify)

Currently tenanted for $465/Month Tenant is willing to go up on rent

CALL: (734)833-3978

EMAIL:[email protected]

WEBSITE: acrelifeinvestment.com

PLEASE CALL OR EMAIL FOR MORE PHOTOS AND QUESTIONS.

PLEASE CALL/TEXT OR EMAIL FOR MORE GREAT INVESTMENT DEALS

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Daniel Elijah Richardson
OP
Real Estate Broker · MI · Member since 2015 · 209 posts · 16 votes
10y
BP ONLY LETS ME POST TWO DEALS A DAY I HAVE MORE PLEASE REACH OUT TO ME IF INTERESTED!!!
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Daniel Elijah Richardson
OP
Real Estate Broker · MI · Member since 2015 · 209 posts · 16 votes
10y
7248 Standard St Center Line
Asking is $59,900.00 For Land Contract: $65k, with 30k Down.
Min. Price $54k - Cash.
Photos of the property:
https://www.dropbox.com/sh/5iyea14bcm5vdk9/AACkxM4LGwTRYYbeMHhEqhBda?dl=0
This property is not yet listed, it will give you opportunity to review it.
PLEASE CALL OR TEXT (734)833-3978 OR REPLY TO THIS EMAIL FOR MORE INFO
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Daniel Elijah Richardson
OP
Real Estate Broker · MI · Member since 2015 · 209 posts · 16 votes
10y
87 e MaryKnoll Rd Rochester Hills Mi 48309
NEW DEAL ALERT!!!!!
Market Value $220k
Needs updating but no damage.
Offer suggestion: $150k or greater
Buyer premium fee: $5k
Best Regards,
CALL: (734)833-3978
EMAIL:[email protected]
WEBSITE: acrelifeinvestment.com
PLEASE CALL OR EMAIL FOR MORE PHOTOS AND QUESTIONS.
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Daniel Elijah Richardson
OP
Real Estate Broker · MI · Member since 2015 · 209 posts · 16 votes
10y
NEW DEAL ALERT!!!!!!
APARTMENT COMPLEX FOR SALE INVESTORS DREAM!!!!
14409 Linnhurst St. Detroit, MI 48205
Items of Interest:
1. Current owner since 1996.
2. 22 units. Mix is: 6 two bedrooms, 15 one bedrooms and one studio.
3. Upgraded copper water pipes.
4. Roof in good condition. 11 years old.
5. Owner manages and maintains the building.
6. Sixteen security cameras inside and outside.
7. Adjacent vacant lot (14423 Linnhurst) is part of sale.
8. Entire site is fenced.
9. City inspection conducted in July of 2016.
10. Lead based paint inspection paid ($3,400.00) and good for three years.
11. Multiple basement rooms now being used by owner for equipment storage
12. Laundry room washers and dryers use tokens not coins. $2.00 for per load each washer and dryer.
13. One vacancy. Good historical occupancy.
14. Updated boiler and hot water tank.
15. Under Contract - Offering it via Assignment - Act Fast!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Total Yearly Income: $167,488
Total Yearly Expenses: $52,696
Yearly NOI: $114,792
Cap Rate: 23.19%
Buy Now: $480k
$25k EMD Required
Guaranteed Rent: Disbursed via Detroit East Health Services!
CLICK HERE FOR PHOTOS
https://www.dropbox.com/sh/6vkup1dhgyvz4d5/AAAGW8Af0aArMpHnjruymV0Na?dl=0
PLEASE CALL TEXT OR EMAIL IF YOU NEED MORE INFORMATION
(734)833-3978 [email protected]
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Daniel Elijah Richardson
OP
Real Estate Broker · MI · Member since 2015 · 209 posts · 16 votes
10y
NEW DEAL ALERT SUPER CHEAP APARTMENT COMPLEX FOR SALE INVESTORS DREAM PART 2!!!
18037 Pelkey St. Detroit, MI 48205
Investment Details
10 unit Apartment Building. Brick. 100% Occupied. Owned 17 years. No property management company in place, family manages on their own. 1 unit needs some updating but the tenant has been renting the unit for over 10 years. We have all rent rolls & lease agreements. All current on utilities and taxes no mortgages no liens. Not a distressed sale.
Monthly Income:
(8) 1 Bed/1 Bath Units
Rent for $465/month
(1) 1 Bed/1 Bath Unit
Rents for $300/month
(1) Management Unit
Rents for $200/mth
Total Monthly Income: $4,220.00
Gross Annual Income: $50,640.00
Tenants Pay: Electricity
Owner Pays: Water, Gas & Taxes
Water & Gas: $6,400/yr combined
Taxes: $5000/yr1
Insurance: $2,295/yr
Annual Expenses: $13,695.00(Self Managed)
Annual Expenses: $18,758.96(w/ 10% Management)
Annual NOI(w/ 10% Management): $31,881.04
Annual NOI(Self Managed): $36,945.04
Buy Now: $180k PRICE REDUCED!!
$10k EMD
Photos & ROI Spreadsheet
https://www.dropbox.com/sh/win9yo2k8o8hnec/AADR_qzTtPcjmoYpH-viWGt5a?dl=0<<<<<FOR PHOTOS
Additional Information
If not the principal buyer, please add your fee on top.
Seller pays all current & past due taxes & water.
Buyer pays all closing costs.
Sold as-is. POF required with all offers and showings
FOR MORE INFORMATION PLEASE CALL (734)833-3978 OR REPLY TO THIS EMAIL!!!!
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