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  • 9
  • Michigan
Price £118,248
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Property Description

9351 - 9361 Woodside, Detroit, MI 48204 is a quality block of 9 apartments which has recently been refurbished to a high standard. 8 of the 9 apartments are already occupied and new tenants are lined up to move in shortly and prior to the closing of the sale.

The property totals 5,100 square feet and comprises 9 one bedroom apartments. It is located in a sought after area which enjoys a high ongoing rental demand.

This is a great value block which is priced to sell now so please contact us as soon as possible if you would like further information and are genuinely interested.

Unlike many of our competitors, we take into account all closing and ongoing costs to give you a genuine net yield!

KEY FIGURES:

Purchase Price: $185,000 (closing costs included)

Agency Fee: $5,000

TOTAL OUTLAY: $190,000

RENTAL INCOME: $50,820

OUTGOINGS:

Property Taxes: $1,884

Insurance: $2,500

Management: $5,082

Vacancy: $1,550

Maintenance: $1,550

Utilities/Snow: $5,000

TOTAL OUTGOINGS: $17,566

NET INCOME: $33,254

THE NET YIELD IS THEREFORE A FANTASTIC 17.5%

For further information or to reserve this property, please complete the enquiry form as soon as possible.

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Property Location

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