Ref: US037
Selling Price: 20 600 USD
Price: £ 13 453 / 19 893 AUD
Area: Cleveland
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Property size: 1356 sq.ft.
Plot size: 40 ft.
Bedrooms: 3
Send enquiry  Description property in usaLarge townhouse on popular street...high rental returns!
Situated in the popular East English Village/Morningside district, this spacious townhouse offers exceptional value for money, even in the hard hit local property market. A similar property down the street (renovated) is currently for sale at 80, 000 USD- and the owner considers that discounted!
This is an ideal location for steady rental and price rebound. Good street with access to all big city facilities. Hard working neighbourhood. Just under 21,000 dollars for a detached good neighbourhood property! Amazing. And where’s the downside on that price? None. Big upside though.
The Property
Accommodation in the property totals 1356sq.ft and comprises of the following:
Living room: 19x12
Dining room: 13x13
Kitchen: 13x10
Bathroom
Master bed: 17x11
Bed 2: 10x10
Bed 3: 10x10
Full size basement with WC
Lot size is 40 x 114ft.The property does require updating including updating bathroom, worktops in kitchen and some general cosmetic works throughout. As you can see from the photos, two rooms require some walls to be patched up as the ex-occupant appears to have left their mark prior to eviction. Apart from that, the property is solid and will certainly repay any improvement.
The property does also benefit from having a full size basement (with boiler) that could be converted to provide extra living space.
Good Rentals
Expected rental return is 750-800 USD per month for this property. It's a middle class area that, although going through some tough times, does have responsible owner occupiers and a good city infrastructure.
Previous Sale Figures
If you don't believe what a bargain this Detroit property is, have a look at a couple of the previous sale figures below:
Sold on the 19th March 2008 for $125, 000
Sold on Sept 12th 2007 for 148, 000 USD
And these weren't even in the peak years! Prices are already rising in Detroit as investors realise the incredible value that is on offer in the city; comparable to nowhere else. This really is the best value property with the highest returns available anywhere.
Property in usa, More pictures
Back | 
Basement pic 1 | 
Basement pic 2 | 
Basement sink | 
Bathroom | 
Bedroom 1 | 
Bedroom 2 | 
Bedroom 3 | 
Dining room | 
Front | 
Dining room | 
Front | 
Front left | 
Kitchen | 
Kitchen area again | 
Living room | 
Street |
Send enquiry | 
01/30/2011