20% Return on Investment - Warren Michigan

HavePropertiesResidentialSFR
Classifieds

20% Return on Investment - Warren Michigan

Flipper/Rehabber · Chesterfield, MI · Member since 2016 · 94 posts · 35 votes

7203 Studebaker. $8,000 - $10,000 will make this a steady $750 per month 2 bdrm rental. Taxes well under $100 per month - great return! With $10,000, that's OVER 20% CASH ON CASH RETURN!

Large living room and kitchen. Also large fenced yard. On crawl, no garage, side driveway for parking. Mostly cosmetic - paint and flooring. Only minor touches needed to kitchen and bath. Furnace located in and storage available in attic - access to attic from hall and folding stairs need minor repair. Electrical and plumbing have been upgraded in past. Prior owner says furnace and hot water heater work well. Needs a stove. Some glass in wood windows will need to be replaced.

Asking $15,000. Cash Purchase only. $1000 non-refundable earnest money due at signing. Need proof of Funds if you have not bought from us before. Selling my assignable interest in the Purchase Agreement. Selling "as-is" - must do your own due diligence.  Buyer will get a Warranty Deed.

Dropbox link: https://www.dropbox.com/sh/tuw27hf968kfc8m/AAAR4HeXkiurUHtqY4YsNMeLa?dl=0

Jim Bowser

[email protected]

(586) 242-6238

1Reply
4 views

3 Replies

Jump to latestLatest
  • Investor · Macomb, MI · Member since 2016 · 36 posts · 13 votes
    9y

    Jim, Is this still available? 

  • Flipper/Rehabber · Chesterfield, MI · Member since 2016 · 94 posts · 35 votes
    9y

    yes but we have already received 2 offers and will decide on all the offers by tomorrow night.  Let me know if you want to see it. It would have to be tomorrow.  Jim

  • Investor · Macomb, MI · Member since 2016 · 36 posts · 13 votes
    9y

    I am available now.. sorry I didnt see your message until now. you can call me 586.206.3167

Join the conversationCreate a free account to reply, vote on answers and follow this thread.