House - Villa to Buy in Detroit > Wayne County > Michigan > United States - Ref 606693
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House/Villa Description
A chance, right now, to buy American property for a FRACTION of even build cost!
Refurbished & let: $38,500
As is: $31,900
Another fantastic property offer from Property4Peanuts!
It may be hard to believe, but some 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 $750 a month!
Simply speaking, it’s now the best value property in the World. And all the more amazing when you consider this isn’t in some third world country, but America. Still by far the word’s largest economy. The land of Hollywood, Cadillacs and eat-all-you-can-diners!
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 in popular area in 48224 district of Detroit, reference US060. A solid brick colonial style 3 bed detached, freehold.
This is an ideal location for steady rental and price rebound. Good street with access to all big city facilities. Hard working neighbourhood. 38,500 dollars for a detached good neighbourhood property! REFURBISHED AND LET! Amazing. Estimated rental return at least $700 pcm.
And that INCLUDES full refurbishment to bring the property up to code and a tenant placed.
Don’t want top include cost of refurb? No problem, in that case the price is only $31,900. Just about build a garage money in most countries! Please bear in mind that it is advised to bring to rental standard (if not already) within six months.
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.
The Property
An impressive detached family residence:
Property size: 1150 sq.ft.
Bedrooms: 3
Garage: Yes
- Classic style property with garden and garage
Good rental
This price of this property includes full renovation and the placement of a tenant paying approximately $750 per month.
Summary
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 3 times what you are paying here.
This property has had a large mortgage written off on it, at a loss to the American taxpayer, providing you with this unique profit opportunity. Providing tremendous upside in capital gain, in addition to suburban rental demand. Needless to say, there are many investors who would snap up such a bargain, so don’t delay.
Once you have rented the property out, why not mortgage it? Credit is available in America, as long as you have good security in your property. Deals such as 5% fixed for 30 years are available! (Non residents need to establish a financial profile in USA). Frankly, this is a no brainer for borrowers. One dose of inflation and the debt is reduced in real terms.
This 3 bedroom house should make an ideal residential investment.
Reserve this property now
To secure this property, call Dan Pennington on 0780 9647987 or email: dan@property4peanuts.com
To purchase refurnished and let
$2000 deposit + Notary fee of $500
Balance $31,400 2 weeks later
Refurbishment payment of $8,050 is paid in 2 parts. Half before starting works. Half after completion when tenant is signed up.
To purchase as is:
$2000 deposit + Notary fee of $500
Balance $31,400 2 weeks later
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Approximate price of this 0-Bed Unknown
€25,426 EUR |
£20,349 GBP |
US$31,900 USD |
(Currency and Foreign Exchange services supplied by  )
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| Type |
House/Villa |
| Build Size |
109 |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Map of Detroit, Michigan, United States
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Similar Properties in or near Detroit
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Price: US$31,900
Currency in United States
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Latest Property News in USA
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Price of Property in Detroit, USA
| (All prices in EUR) |
Detroit |
Detroit |
Detroit |
| House/Villa |
34,000 |
240 |
51,500 |
65,000,000 |
- |
242,990 |
| Bungalow |
41,500 |
15,618 |
48,300 |
367,000 |
- |
- |
* Calculations based on 13 properties for sale in Detroit and 4566 properties for sale in USA |
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