Property for Sale
Property Reference: CPI3022D
<p><b>A NICE MULTI UNIT PROPERTY IN EASTPOINTE, DETROIT, MICHIGAN</b></p> <p><b>1 x 3 Bedroom apartment and 1 x 1 Bedroom apartment</b></p> <p><b>A dual income property bringing in a combined rent of $925 per month !!</b></p> <p><b>A NICE MULTI UNIT PROPERTY IN EASTPOINTE, DETROIT, MICHIGAN</b></p> <p><b>1 x 3 Bedroom apartment and 1 x 1 Bedroom apartment</b></p> <p><b>A dual income property bringing in a combined rent of $925 per month !!</b></p>
Ref: CPI3022D
Area: Detroit Metro
Type: MULTI UNIT PROPERTY
Agreed Price: $ 30,000 / £ 20,689
Gross Monthly Rental Income: $ 925 / £ 638
Total Cost to buy inc. all purchase costs, fees and repairs: $ 34,750/£ 23,963

A NICE MULTI UNIT PROPERTY IN EASTPOINTE, DETROIT, MICHIGAN

1 x 3 Bedroom apartment and 1 x 1 Bedroom apartment

A dual income property bringing in a combined rent of $925 per month !!

SECURED PRICE OF PROPERTY: $30,000 / €24,590 / £20,689

TOTAL COST TO BUY THIS PROPERTY FREEHOLD INCLUDING ALL PURCHASE COSTS AND FEES: $34,750 / €28,483 / £23,963

  • Low Cost Investment Opportunity
  • Multi Unit Property consisting of 2 apartments
  • Income From Day 1
  • Superb Location and Neighbourhood

This is a large multi unit property located in a nice neighbourhood of Eastpointe, Near Detroit, Michigan, which is a middle class area with a mixture of owner occupant and rental homes

The property measures 1,700 sq ft of build area and is on a plot measuring 4,640 sq ft. and consists of 1 x 3 bedroom apartment and 1 x 1 bedroom apartment.  Both apartments have lounge/dining rooms, kitchen and full bathroom.  The lower unit rents for $550 a month and the upper 1 bedroom unit rents for $375 a month, totalling $925 a month. The property also comes with a 2 car detached garage and driveway for parking.

The lower 3 bedroom unit has recently been totally redecorated  and will be rented out at $550 a month, the upper 1 bedroom unit is already tenanted.  The home includes updated kitchens and bathrooms,  as well as some updated vinyl windows, updated electric panel and cicuit breakers.

GROSS MONTHLY RENTAL INCOME: $925 / €758 / £638

Monthly Expenses include:

Property Tax of $333 / €273 / £229

Property Management Fee of $92. / €75 / £64

Tenant pays water, electric and gas

THIS WILL GIVE YOU A NET MONTHLY RENTAL INCOME OF: $500 / €410 / £345

NET INCOME PER ANNUM OF: $5,994 / €4,920 / £4,140

We bring to you the whole package:

  1. Exceptionally Low Priced Investment Properties
  2. High Yield Rental Income
  3. 1st Class Property Management Company
  4. Engineers Home Inspection Report
  5. Title Company/Attorney Assigned
  6. Complete Personal Service and Supervision of Your Purchase from Start to Finish
  7. Insurance Available
  8. Assistance with opening a US Bank Account

All prices are calculated at the following currency conversion rates:  $1.22=€1   $1.45=£1