Description
***TENANT OCCUPIED***DO NOT DISTURB*** GREAT PORTFOLIO ITEM. EXCELLENT STORE HOUSE FOR YOUR CASH. CURRENT ROI IS ROUGHLY 9%. MARKET ACTIVITY REFLECTS STABILITY IN THE AREA. RENTABLE AT $1,500. COZY "HOME", WELL MAINTAINED, 3 BEDROOM, 1.5 BATH, BRICK AND WOOD COLONIAL WITH GARAGE. THIS PROPERTY IS LOCATED ON A PICTURESQUE, TREE LINED STREET ON THE DETROIT/REDFORD BORDER. HUGE YARD! CURRENT TENANTS HAVE BEEN IN PLACE FOR 3 YEARS. PROPERTY UNDERWENT A SIGNIFICANT REHAB PRIOR TO OCCUPANTS' PLACEMENT. THEY HAVE TAKEN VERY GOOD CARE OF THE HOME. RECENTLY CONVERTED TO MONTH-TO-MONTH. WITH ALL INVESTMENT PROPERTIES, THERE IS SOME DEFERRED MAINTENANCE, BUT NOTHING TOO MAJOR. THIS SHOULD BE A VERY STRAIGHT FORWARD TRANSACTION. ADDITIONALLY, THIS HOME WILL BE QUITE ATTRACTIVE TO A HOMEOWNER. COULD MAKE FOR AN IDEAL LEASE W/OPTION STRATEGY. ***DO NOT DISTURB***
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3BEDS
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0.21ACRES
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1BATHS
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11/2 BATHS
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1,395SQFT
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$82$/SQFT
Description
***TENANT OCCUPIED***DO NOT DISTURB*** GREAT PORTFOLIO ITEM. EXCELLENT STORE HOUSE FOR YOUR CASH. CURRENT ROI IS ROUGHLY 9%. MARKET ACTIVITY REFLECTS STABILITY IN THE AREA. RENTABLE AT $1,500. COZY "HOME", WELL MAINTAINED, 3 BEDROOM, 1.5 BATH, BRICK AND WOOD COLONIAL WITH GARAGE. THIS PROPERTY IS LOCATED ON A PICTURESQUE, TREE LINED STREET ON THE DETROIT/REDFORD BORDER. HUGE YARD! CURRENT TENANTS HAVE BEEN IN PLACE FOR 3 YEARS. PROPERTY UNDERWENT A SIGNIFICANT REHAB PRIOR TO OCCUPANTS' PLACEMENT. THEY HAVE TAKEN VERY GOOD CARE OF THE HOME. RECENTLY CONVERTED TO MONTH-TO-MONTH. WITH ALL INVESTMENT PROPERTIES, THERE IS SOME DEFERRED MAINTENANCE, BUT NOTHING TOO MAJOR. THIS SHOULD BE A VERY STRAIGHT FORWARD TRANSACTION. ADDITIONALLY, THIS HOME WILL BE QUITE ATTRACTIVE TO A HOMEOWNER. COULD MAKE FOR AN IDEAL LEASE W/OPTION STRATEGY. ***DO NOT DISTURB***
© 2023 Ann Arbor Area Association of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Snyder & Company, Realtors®. Data last updated: 2023-12-03T14:13:05.447.