QUALITY WARREN, MICHIGAN RENTAL

[Jim Bowser]

WARREN, MICHIGAN TURNKEY RENTAL - $25,000

--- OFF MARKET –

8243 Maxwell Ave, Warren, Michigan 48089

Cute, cozy, completely updated 2/1, 842 Sq. Ft., 2 car detached garage w/ tool/storage shed attached to back of garage. Double wide driveway and newly poured walkway to front porch. Patio w/ nice sized treed lot. Low maintenance w/ long-term (6 years) tenant. Current rent is $500/mo plus utilities (except water which averages $30/mo). Some minor sheetrock patching and painting needed and tenant has said will agree to rent increase. Rental averages for area would easily support $700 to $800/mo. New owner may have the above stated few repairs to contemplate – but not much folks!! If turnover to much higher paying tenant, maximum work for a new tenant would be $2500. But if existing tenant stays and accepts a rent increase to $600-650/mo, maximum repairs $1200 (sheetrock patching and painting). Furn, HWH, Roof, Air, Elec, Plumbing – all good!!

*We are selling our assignable purchase contract on this property

*Warranty Deed.

*Owner selling as has health difficulties and sister handles through POA and she is

older and doesn’t want to be landlord.

*Taxes: $1056/Year

*Showings by appointment only. Please don’t bother tenant.

*$2500 nonrefundable EMD required.

*Seller pays all current and past due taxes and water charges.

*Buyer pays all closing costs.

*Sold as-is. Proof of funds required with all offers.

*First one with signed assignment contract and EMD gets the deal.

Please contact me if questions and to facilitate inspection.

Jim Bowser

Cell (586) 242-6238

Fax: (586) 745-961

[email protected]