Call us: +44 (0) 1923 375 467 :
Price 34,950
1605 Alter Road, Detroit
1605 Alter Road, Detroit
Ref : PCG1355
  • Great condition
  • Multi family home
  • Professionally managed
  • Tenanted property

The duplex multi family home comes recently rehabbed with both units occupied paying rent. The property is has excellent capital growth potential at this very low price in an area that is rising sharply as American citizens start to buy again. It’s real pulling power comes from being only 2.4 miles from the highly rated Grosse Point High School which is one of the first things on the list of families looking to rent or buy and investors at your exit. A professional management company is in place to help you and your tenants.

Gross rental income

$10,989

Management

$1,200

Insurance

$500

Taxes

$1,250

Annual NET cash flow

$8,039

Net Yield (%)

23%

Gross rental income

$916

Management

$100

Insurance

$42

Taxes

$104

Monthly NET cash flow

$670

Net Yield (%)

23%

Property Location

1605 Alter Road, Detroit

Would you like to find out more? If so, contact us and one of our advisors will be in touch to discuss your investment.

Contact

Similar Properties