Hazlewood Street 48202, Multi family Unit 28.8% True NET ROI (ZPOC-T2220016)

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Property Hazlewood Street 48202, Multi family Unit 28.8% True NET ROI (ZPOC-T2220016) Property Hazlewood Street 48202, Multi family Unit 28.8% True NET ROI (ZPOC-T2220016)Property Hazlewood Street 48202, Multi family Unit 28.8% True NET ROI (ZPOC-T2220016)Property Hazlewood Street 48202, Multi family Unit 28.8% True NET ROI (ZPOC-T2220016)Property Hazlewood Street 48202, Multi family Unit 28.8% True NET ROI (ZPOC-T2220016)Property Hazlewood Street 48202, Multi family Unit 28.8% True NET ROI (ZPOC-T2220016)Property Hazlewood Street 48202, Multi family Unit 28.8% True NET ROI (ZPOC-T2220016)
Property
22/05/2013 - réf 54432
Professional announcer
» Sale
» House / Villa
50378.1359€
Rooms number :8
Address : (View map )

City of Detroit

United States

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We specialize in offering multifamily (2 to 4 units or more) properties in the bustling southwest corridor of Detroit, which includes Mexican Town and Cork town neighborhoods. Within walking distance of the vibrant downtown area, and the Detroit River with all its recreational amenities. This area will also get a huge economic boast, from the new multibillion dollar millennium bridge connecting the USA with Canada, this is expected to create 50,000 new jobs and billions of dollars of new construction for warehousing and logistics and lodging, since the bridge will enter and exit on the U.S. side in southwest Detroit, southwest Detroit will have the greatest positive economic impact in the city. These neighborhoods also have some of the lowest property taxes in the city, sometimes less than $500 a year compared to $2000 or more in most other neighborhoods. Due to these being very settled and mature neighborhoods, most properties have long-term tenants, sometimes 10 years or more, tenant turnover is the lowest in the city. Multifamily property availability is very limited please enquire today to avoid disappointment. Offering you a total of 4 spacious 2 Bedroom and 1 Bathroom apartments, including allocated parking close to private and public educational institutes and major freeway. This property recently & completed a & full extensive refurbishment throughout which has really brought the property up to date. Purchase Price $69,000.00 Annual Rent $26,400.00 Insurance $600.00 Property Tax $3300.00 Property Management Fee $2640.00 Annual Expense $6540.00 Net Profit & $19,860.00 Annual Net Return 28.8% & Investment CharacteristicsResidential LettingBelow Market ValueCapital GrowthHigh YieldFully ManagedPositive CashflowImmediate IncomeProperty CharacteristicsDetatchedFreehold2 StoreyProperty FeaturesOff Street ParkingKey selling points:Double your money in 3 years !28.8% True NET YieldFully TenantedFully ManagedFull Clean Title InsuranceWarranty Deed

Agents/Owners
Arkadia
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Number of bedrooms : 8

Number of bathrooms : 4

Parking : Private

Price of the real estate or monthly rent if this is a rental or roommate : 50378.1359 €

Date of the last real estate ad update : 22/05/2013