Property for sale in Wayne County - 41277517 - Advertised on propertyO by Great Day Property Management

Townhouse for sale

£71,335

Michigan, Wayne County, Detroit, Ravendale, USA Property ID: 41277517


Property features

  • 16.1% ROI- Newly renovated- Rented to great paying tenants- Great property management in place

Property description

Unique investment property that makes an EXCELLENT ROI.  One lot with two houses.  Big front house has 3 bedrooms and 1 and a half bathrooms.  Back house has 2 bedrooms and 1 full bathroom.

Front House:

  • Newly refinished hardwood -- see video!
  • New forced air central heating furnace
  • New hot water heater
  • Freshly painted large basement with plenty of storage
  • Totally new kitchen
  • Updated plumbing and electric
  • New carpet in bedrooms
  • Rented with an excellent paying tenant

Back House:

  • Rented to adult daughter of front house
  • Great paying tenant
  • Same electric bill as front house
  • Separate water bills
  • Water bills are both billed directly to the tenants and will never go back to the owner.  Detroit bonus!
  • Newly carpeted living room and two bedrooms
  • Totally newly built kitchen
  • New furnace and hot water heater
  • Both tenants supply their own appliances:  refrigerator, stove, washer, dryer.  Less maintenance costs for owners!
  • Newly rebuilt bathroom with all new bathtub with nice surround, new toilet, new vanity, mirror, vinyl floor.
  • Tenants share grass and snow care

Other information:

  • One year lease.  Started November 2019.  They have already expressed an interest in renewing the lease.  
  • Property management in place
  • Excellent paying tenants
  • Quiet street with great neighbors
  • No problem tenants

See my video!  I'd love to tell you more.  (248) 390-3982.  Monique Burns

Contact Great Day Property Management about this property

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