Superb Harper Woods home...great neighbourhood just next to Grosse Pointe!

Ref: US113
Selling Price: 45 000 USD
Price: £ 29 388 / 43 456 AUD
Area: Detroit

Property size: 1250 sq.ft.
Bedrooms: 3
Garage: Yes

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Description property in usa

Don't miss out! Another charming home in one of Detroit's most sought after neighbourhoods!

“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.

Accommodation totals a spacious 1250sq.ft and comprises of three bedrooms, living room with fireplace, kitchen, dining room (with bay window), family bathroom, partially converted basement and outside a double garage. Plenty of off road parking plus nice gardens to front and rear.

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 85,000 USD.

The NET return is an excellent 12.65% (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 $33,000 to Company Client Account within 2 weeks.

4.Pay $10,000 2-4 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