A VERY LARGE TENANTED MULTI UNIT PROPERTY IN MT. CLEMENS, NEAR DETROIT, MICHIGAN

CONSISTING OF 4 X 1 BEDROOM APARTMENTS

ALL 4 UNITS ARE TENANTED AND BRINGING IN A WHOPPING COMBINED MONTHLY RENT OF $$$$1,670 !!

SECURED PRICE OF PROPERTY: $40,000 / €32,786 / £27,587

TOTAL COST TO BUY THIS PROPERTY FREEHOLD INCLUDING ALL PURCHASE COSTS AND FEES: $45,800 / €37,539 / £31,584

• VERY HIGH YIELDING Low Cost Investment Opportunity
• Multi Unit Property consisting of 4 apartments
• All 4 Apartments Tenanted
• Income From Day 1
• Lovely Location and Neighbourhood

This is an extremely large multi unit property located in a lovely neighbourhood of Mt Clemens, Near Detroit, Michigan, which is a middle class area with a mixture of owner occupant and rental homes.  The building was rennovated in 2004 and is in good condition and measures 3,500 sq ft of build area on a plot size of 4,280.

The property consists of 4 x 1 bedroom apartments, each with lounge, kitchen, bedroom and bathroom.  Also included is a garage.  Both lower units are rented for $450 each a month, 1 upper unit is rented for $400 and the other upper unit is rented for $370 a month, TOTALLING A HUGE $1,670 PER MONTH!! and giving a 40% net rental return per year! This is the highest yielding property we have ever had in the Michigan area.

GROSS MONTHLY RENTAL INCOME: $1,670 / €1,369 / £1,152

Monthly Expenses include:

Property Tax of $166 / €136 / £114

Property Management Fee of $167 / €136 / £115

Tenant pays water, electric and gas

THIS WILL GIVE YOU A COLOSSAL NET MONTHLY RENTAL INCOME OF: $1,337 / €1,097 / £923

NET INCOME PER ANNUM OF: $16,044 / €13,164 / £11,070

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