Two Bedroom One Bath House - Villa in Warren | United States - Ref 598384
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House/Villa Description
A chance, right now, to buy good American investment property for a FRACTION of true cost
Property prices have fallen in America, big time, giving a once in a lifetime buying opportunity. A chance to buy houses for a FRACTION of their true worth. We’re not talking a 10 to 20% drop here, but 100% + falls in certain locations. Like this house in Chalmers street, Warren.
Don’t think that the property market in the US is dead. Far from it. May be top end homes are hard to sell, but bargain foreclosed homes like this are increasingly sought after and prices are rising, ever faster. Our analysis of the market in Detroit is that it bottomed in March this year and is now on the ascent.
This part of America is offering some of the best returns because although prices tanked, the rental market is very strong. We have queue of renters for our clients’ houses and returns of 20% are the norm.
Such as this great house on Chalmers Ave in Warren, Michigan. Rent will be $600-$650 per month. At present, we are focusing on Detroit and Warren areas as that area has been the most oversold in our opinion. Other investors in the US and abroad are following us, as they wake up to the opportunity. Warren has bottomed and is rising, at an increasing rate. Lots of government aid to homebuyers, renters and local industry is pumping ht market. The glut of foreclosed homes is clearing.
This house has been carefully selected to be perfect for rental. It’s a decent street, attractive to prospective renters. A good property with 2 bedrooms. Please note that all pictures here are PRE REFURBISHMENT. The house is going to be refurbished and will be conveyed to you in good rental condition, completely re-painted.
The property measures 902sq.ft and comprises of a living room, dining room, kitchen with breakfast nook, bathroom and two bedrooms. The property benefits from hardwood floors in various rooms and a fireplace in the living room. To the rear is a single garage.
Property taxes are low on this house…only approximately $780 per annum! Now, that’s really low by Detroit standards. Rent is expected to be approximately 600-650 USD per month and the property will be sold to the new owner fully refurbished and with a tenant in place.
A hand’s off, turn-key, investment
We handle all the work
Let’s be clear about this investment. You don’t have to live in America to own and rent it. You don’t have to be an American citizen. Anybody can buy.
You don’t even have to visit America to do the legal stuff – the property is just Deeded to you. Total legal cost of conveyance is only $500 - no hidden charges or extra costs. And be assured that all properties sold by our company have gone through full title checks by specialist Title Company. The property is sold Freehold as an up and running investment. We have ironed out all the little hassles that inevitably crop up on newly bought properties (cutting lawn, asking neighbours to let us know if there’s a problem, dealing with utilities kind of thing). Just arrange to receive the rent.
And you shouldn’t have a problem owning and renting your American investment property without visiting. We have a proven rental service that seamlessly takes over from our builders, who select the right tenant for your property.
Act now to secure this total bargain. Just to remind you, the selling price is only 22,900 USD. What a deal! It'll need a quick refurb to attract renters, but that shouldn't take more than 2 or 3 weeks and we have a quote in place (order this quote and this property should be up and running within approx. 4 weeks). Plus we will include placing tenants if required.
The property is a single detached housed with two bedrooms and 902 sq.ft. It’s in a nice area, with good neighbours and excellent security. It’s one the safest places to own property in Detroit as theft rates are low and the police very active. We’ve encountered no problems there and judge this area as spot on for foreign investors.
If you want a ready made property investment with all hassles taken care off, this is for you. But don’t delay, as foreclosure prices are rising. The huge US government stimulus package and support for the housing market is bound to result in inflation. Hard assets, with solid income like this will be the place to be.
Buy in 3 stage payments:
- Pay $2500 reservation fee. Can be paid by credit card or bank transfer (this includes notary fee). Just contact our offices.
- After about a week, you will receive a preliminary contract stating our obligations to you, such as that the property sale will be completed after the property is refurbished and let. Sign this and return $20,900 dollars first (of three) payments.
- After a week of paying the res fee, the third payment is due to cover the first half of the building works. This is $4500.
- Two weeks after that, the final payment of $4500 is due and the building works are scheduled to complete.
There is a financial analysis of this property, showing return being offered in more detail. Just email us for it to be sent by return.
Savy investors are acting now on this once in a lifetime offer of “subsidised” freehold property. Don’t delay to join them as prices are going up.
About us
[link removed] is the specialist seller of American foreclosed property. It is part of [link removed], a well established estate agency based in UK. Both companies are part of the award winning Hanroc Developments Ltd group of companies ([link removed]) , so have confidence that you are dealing with a proper organisation that’s well experienced to deliver top investment property.
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Approximate price of this 2-Bed Unknown
€18,253 EUR |
£14,608 GBP |
US$22,900 USD |
(Currency and Foreign Exchange services supplied by  )
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| Type |
House/Villa |
| Bathrooms |
1 |
| Bedrooms |
2 |
| Build Size |
84 |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Property Characteristics
- Parking: Offroad and garage
Map of Warren, Michigan, United States
Towns located close to Warren, United States
Similar Properties in or near Warren
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UNDER £19,500 - AN INVESTMENT PROPERTY IN DETROIT. DETACHED 3 BEDROOM BRICK BUILT HOUSE WITH EXCELLENT LONG TERM RENTAL POTENTIAL AND MANAGEMENT COMPANY IN PLACE!
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IDEAL FOR INVESTORS ON A BUDGET!! A 2 BEDROOM DETACHED INVESTMENT PROPERTY IN DETROIT FOR UNDER £14,500 INCLUDING ALL PURCHASE COSTS AND REPAIRS!
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Price: US$22,900
Currency in United States
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Latest Property News in USA
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Price of Property in Warren, USA
| (All prices in EUR) |
Warren |
Warren |
Warren |
| House/Villa |
7,595 |
240 |
26,732 |
65,000,000 |
- |
242,990 |
| Townhouse |
8,000 |
23 |
25,000 |
6,400,000 |
- |
209,900 |
* Calculations based on 17 properties for sale in Warren and 5114 properties for sale in USA |
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