Two Bathroom, Four Bedroom American House - Villa Available - Ref 610622
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Property No Longer Available
This property has either been sold or removed from Propertyshowrooms.com.
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House/Villa Description
chance, right now, to buy American property for a FRACTION of even build cost!
Refurbished & let: $44,900 or
**Works starting 14th November 09 for this property! Tenants moving in shortly after!**
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 $800-$850 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 world’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 Ferndale near the Royal Oak border. A popular colonial style 4 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. Just under 45,000 dollars for a detached good neighbourhood property! And which pays HIGH RENT.
And that INCLUDES full refurbishment to bring the property up to code and a tenant placed.
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:
House size: 1728 sq. Ft
- Class style property with garden and garage,
comprising:
- Bed 1: 16x14
- Bed 2: 12x12
- Bed 3: 12x12
- Bed 4: 10x10
- Two full baths
- Living room: 21x12
- Dining room: 10x10
- Kitchen: 12x10
One open plan bedroom area has been divided into three rooms.
Good rental
This price of this property includes full renovation and the placement of a tenant paying approximately $850 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 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. Providing tremendous upside in capital gain, in addition to suburban rental demand. Needless to say, there are many many investors who would snap up such a bargain, so don’t delay.
Once you have rented the property out, why not mortgage it when you have two years credit history? 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! (Subject to status). Frankly, this is a no brainer for borrowers. One dose of inflation and the debt is reduced in real terms.
This 4 bedroom house is ideal for financing as you are buying well below market rate. It’s possible that you will recoup your money. Even take cash out! So owning a good property at no cost to yourself!
We don't expect you to take our word for it about how cheap this property is. Many of our clients buy at distance and we understand they require accurate information. So have a look at the the previous sales figures for this property:
Sale History (open market)
Date
Event
Price
09/02/2008
Sold
$81,000
12/05/2007
Sold
$170,000
03/01/2005
Sold
$86,896
At sale price now of $44,900 refurbished and let, or just $38,500 as is shown in pictures, you can see what a discount to the last sale price, which was itself well off market peak.
Reserve this property now
To purchase refurnished and let
$2000 deposit + Notary fee of $500
Balance $42,900 paid 2 weeks later
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€34,044 | £28,471 | US$44,900 (Currency and Foreign Exchange services supplied by  )
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| Type |
House/Villa |
| Bathrooms |
2 |
| Bedrooms |
4 |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Map of Detroit, Michigan, United States
Real Estate Agent Listing this Property
Towns located close to Detroit, United States
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Price: US$44,900
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 |
23 |
51,500 |
75,000,000 |
- |
242,990 |
| Bungalow |
41,500 |
15,618 |
48,300 |
367,000 |
- |
- |
* Calculations based on 13 properties for sale in Detroit and 2618 properties for sale in USA |
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