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  • 15
  • Michigan
Price £153,403
  • title image

Property Description

METRO DETROIT PROPERTY PORTFOLIO

PORTFOLIO OF RENTAL INVESTMENTS PROPERTIES (Ref: PORT 12-14)

This is an excellent opportunity to acquire a quality portfolio of properties in Detroit with great potential for capital appreciation as well as a good yield. 20% built in equity.

Please find below a brief summary of the properties. Please complete the Enquiry Form for detailed information and photographs.

Property 1 (pictured above):

Brick Built 4 bedroom Colonial

Westland, MI 48186

Rental Income $15,000 pa ($1,250 pm) Expenses $5,550

Net Income: $9,450

Market Value: $125,000

Property 2:

Brick Built 4 bedroom Bungalow

Redford, MI 48239

Rental Income $10,200 pa ($850 pm) Expenses $4,120

Net Income: $6,080

Market Value: $65,000

Property 3:

Brick Built Duplex 2 x 2 Bed Apartments

North End (Downtown Area), Detroit MI 48202

Rental Income $14,400 pa ($650+$550 pm) Expenses $3,565

Net Income: $10,835

Property 4:

Brick Built 3 bedroom Bungalow

Warrendale District, Detroit, MI 48228

Rental Income $8,400 pa ($700 pm) Expenses $2,940

Net Income: $5,460

SUMMARY:

Four Property Portfolio Metro Detroit Sales Price: $240,000 / Net Income: $31,825 / ROI: 13.2%

Market Value: $290,000 / Equity 20%

In addition to the above purchase price an Agency Fee of $5,000 is payable to Best USA Property Investments for sourcing the property.

This is a rare opportunity to acquire a genuine quality tenanted portfolio in popular districts.

Please complete the Enquiry Form to receive full details.

Make Enquiry....

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