Well kept three bed, 2 bath Detroit home in popular neighbourhood
Ref: US114
Selling Price: 46 500 USD
Price: £ 30 368 / 44 904 AUD
Area: Detroit
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Property size: 1300 sq.ft.
Garage: Yes
Send enquiry  Description property in usa
A chance, right now, to buy American property for a FRACTION of its real value!
It may be hard to believe, but certain American properties are available for prices that are way below the cost of building the property. Even below the previous mortgage held on the property. Yet these houses have tenants waiting to rent them at $700 to $1000 a month!
Simply speaking, it’s now the best value property in the World.
Even though it’s a great market for bargains in USA at present, selecting the right property is still very important. That’s where our work and expertise pays off. We know exactly which properties offer best value. Like this steal of a property on the edge of Rosedale Park..
Chosen to give you a highly profitable Exit Strategy
We really like this area. A better sort of place that tenants love. And, very importantly, your future buyers will be happy to pay up for - giving you an excellent exit strategy.
We make an extra effort to get quality houses. Ones that will sell well in the future. A good rent is fine, but most of our clients are looking for a big payday in the not too distant future and that’s what we focus on.
Please do not confuse our properties with other stuff you might find on the internet at what appears a similar price. We always win hands down on quality bricks for your buck!
Plus, we refurbish and line up tenant. Yes, that’s included in the price! All these houses need work to bring them up to Code, which is a City requirement in Detroit before renting. Including building works is a huge benefit too as getting work done well and at a reasonable price is a challenge anywhere.
All hassle is taken away from you. Just pay deposit of $2,800, (which is $2000 plus $800 for legals) and around 6 weeks later it’s your property.
Rent payable between $750-$800 pcm
From day one, the investor receives income from their property. No long drawn out process of trying to work out the right property to buy, finding reliable builders, finding efficient rental managers – all this is swept away and you earn from day one!
This particular house is just perfect for the rental market. Apart from being in a nice area, it looks pretty and isn’t too big. Some tenants are nervous about heating bills – aren’t we all these days! And it’s near schools and all facilities.
The Property
An attractive family residence on the edge of Rosedale Park, one of Detroit’s most popular neighbourhoods. The property benefits from having a new roof and windows and has a converted basement, with a full bathroom. Total size is approximate 1300 sq.ft.
- Bed 1: 12x12
- Bed 2: 12x11
- Bed 3: 12x10
- Living room: 20x12
- Dining room: 12x11
- Kitchen: 11x10
- Family bathroom:
- Converted basement with full bathroom
Annual property taxes (from 09): $2232
The opportunity
This a clear opportunity to buy at far under market value. Please bear in mind that the same properties in same street can be on sale for 60% more than what you are paying here.
This direct from the Bank property has had a large mortgage written off on it, at a loss to the American taxpayer, providing you with this unique profit opportunity.
As you are buying under market value and supply of such foreclosures is dwindling, the potential for BIG capital gain is obvious. And in the meantime, you will earn good rental return.
This attractive house is ideal for financing as only these better quality type of property interest banks and you are buying well below market rate. It’s entirely possible that you will recoup your money. Even take cash out! So owning a good property at no cost to yourself!
Prices are rising now
Don’t think this situation will last long. It won’t. Prices are springing up from the absurdly low levels. Local investors are buying up such property and there are bidding wars on many such bargains. Prices are now, in our estimation, sharply on the up.
To secure this property, contact your agent
To purchase refurnished and let
Step 1: $2000 deposit + Notary fee of $800
Step 2: Payment $36,000 within 2 weeks
Step 3: Final Payment: $8500 after another 4 weeks (about 6 weeks from paying deposit)
No extra charges. Clear Freehold purchase.
Please note that these pictures were taken before refurbishment, so what you will be buying will be a lot smarter.
This is a great investment property and we look forward to hearing from you!
Disclaimer: The above & attached particulars do not form do not form part of a contract, and should any error inadvertently occur or any property/land be found to be Let, Sold, Withdrawn, or damaged, the Foreign Property Shop/Property4Peanuts and its partner agent will not be responsible for expenses or loss of time thereby incurred.
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01/30/2011