House for sale
£55,115
Michigan, Wayne County, Detroit, USA Property ID: 41708328
Property description
This very nice two bedroom house is located in La Salle College Park on the Eastside of
Detroit just 3 .4 miles from the Belair Mall which holds host to the largest cinemas in
Detroit.
This property consists of two bedrooms, two bathrooms, a lounge diner, a full basement
and a large rear garden. The house was recently updated before the new tenants were
placed, the tenants are paying $900 in rent each month. The current market rent for
Section 8 housing can reach up to $1,250 each month. The ARV for this property in this
location also reaches up to $110,000
The house is located in La Salle College Park a great area in Detroit with a proud
community feel, this area has great schools and lots of local amenities, it is right next to
the old Detroit city airport which is now the Coleman A Young International airport,
mainly used for business and military..
Return of investment
13%
Break even in
7.69 Years
