This three bedroom brick house is a rare find at $37,500 and also tenanted.
This very large three bedroom house is located on a very well kept street in Grandmont Rosedale, one of the best areas in Detroit. The property is in an excellent condition and is Section 8 approved and tenanted at $830 a month. There are three very large bedrooms, a full basement and large rear garden.This property is under management by one of the leading Detroit property management companies.Grandmont Rosedale is viewed as one of the best areas in Detroit and has its own Development Corporation who take care of the local parks, tree-lined streets and local shopping area. The area also contains some of the best Schools and Colleges in Detroit.
$9,960 rent a year.
$996 management fee.
= 19% net return.