Property Description:
** Assignment of Contract **
3 Beds/1Bath/Brick/Ranch/Garage/Unfinished Basement
Property type: Single Family House
Architectural style: Ranch
Construction materials: Brick
Foundation: Basement (unfinished)
Year built: 1962
Heating: Forced Air, Natural Gas
Lot: 4,356 sqft
Asking price: $57,000 (Assignment of Contract) or Best Offer
Occupancy: Currently tenant occupied, MTM, current on payment (have been managed by a professional PM company, can continue to manage if needed)
Income: Similar houses in the neighborhood are renting for ~ $1200 (ROI 19% and cashflow $850/month)
Other features: Located in the College Drive neighborhood, only 10 minutes away from Lawrence Technological University and University of Detroit Mercy College of Engineering and Science
All bedrooms are generously sized for comfortable living. This property has been generating cash flow beautifully. Don’t miss out on this opportunity.