Perfectly maintained investment property in Harper Woods. Plenty of modern updates!

Ref: US112
Selling Price: 46 000 USD
Price: £ 30 041 / 44 421 AUD
Area: Detroit

Property size: 1200 sq.ft.
Plot size: 4356 ft.
Bedrooms: 3

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Description property in usa

American Foreclosure at a FRACTION of true cost

“The big money in property is found in unbalanced markets”

“Turn-key” investment requiring little input from the investor... full rental management included, no hassle, hands off property investment. There’s no better place to buy great value investment property at the moment than America.

Our US foreclosure properties offer returns of around 25% gross (10-16% NET) – they are low cost investment opportunities with tenants in situ and huge capital gains to be experienced over the next few years. We are the experts in selecting the right property. We only offer exceptional investments, like this excellent Harper Woods (Detroit) option, very close to the sought after Grosse Pointe area – an upper/middle class stable residential area - sold fully renovated, with a tenant in place!

This is an ideal location for excellent rental income and price rebound. This is a nice middle-class area with good local schools, in an area called Harper Woods on the far Eastern side of Detroit. It’s close to all facilities such as good schools and shops and the house has been renovated to a modern, high standard.

The property requires no improvement and benefits from having fresh, modern décor throughout. Plenty of modern updates throughout the home including a marble fireplace (with gas fire), ceramic tiled kitchen with some appliances and updated bathroom. All three bedrooms are double with 1 located on the first floor. Overall size of the home is 1200sq.ft.

Prices are springing up from the absurdly low levels as local investors buy up such property, there are even bidding wars on many repossessions. Prices are now sharply on the up. There is no previous sale history for this property in the last 5 years but the current valuation is approximately 90,000 USD.

The NET return is an excellent 13.57% (not including building insurance) – this is an excellent return, not to mention the huge capital gains to be experienced as the market rebounds.

Buying process

1.Reserve with $2000 and pay Notary fee of $500 (payment can be made via a credit card or a bank transfer).

2.Preliminary Contract sent to you to sign and return within 48 hours.

3.Pay $34,000 to Company Client Account within 2 weeks.

4.Pay $10,000 2 weeks later upon completion

5.Title Deeds will be signed, transferred into your name and registered in the US and then returned to you.

Download the Income and Expenses for this Property