This large three bedroom brick house is amazing value at $34,900 and tenanted.
This three bedroom brick house is located on a very well kept street in Park Drive, this property offers great value for money. The property has been very well maintained by one of the leading Detroit property management companies and the price includes a brand new roof, a brand new furnace and brand new windows. There are three large bedrooms, a very nice kitchen, a large rear garden and a detached garage.This property also comes tenant occupied, there are great tenants in place paying $725 a month. This property is very well located, the area is called Park Drive and it is close to East English Village which is a highly sought after area. It is also close to Eastpointe, Harper Woods and Grosse Pointe Woods.
$8,700 rent a year.
$870 management fee.
= 19% net return.