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Inexpensive American Townhouse Available

For more information please fill out the quick enquiry form

Townhouse Description

ALREADY READY TO LONG TERM TENANTS PAYING $750 PER MONTH !!

DETACHED 3 BEDROOM, 1.5 BATHROOM HOUSE WITH DETACHED GARAGE

SAME TENANT SINCE JAN 2008

Property Management Company in Place

SECURED PRICE OF PROPERTY: $27,000 / €20,149 / £17,647

TOTAL COST TO BUY THIS PROPERTY FREEHOLD INCLUDING ALL PURCHASE COSTS AND FEES: $32,525 / €24,270 / £21,257

•Low Cost Investment Opportunity
•Already Rented to Tenants on a Yearly Lease who have been in the property for over 2 years
•Income From Day 1
•Detached 3 Bedroom Property with Garage
•Superb Location and Neighbourhood

This is a brick and vinyl home comprising of 3 bedrooms, a 4th walkthrough bedroom, lounge, kitchen, bathroom, detached garage and diveway for the parking of several cars.

The property measures 1,500 sq ft of build area and is on a plot measuring 4,640 sq ft. The property is situated in Warren on the suburbs of Detroit, in a middle class area of owner occupant and rental homes.

The home includes updated furnace, updated vinyl windows and updated copper plumbing.

The house is rented out to long term tenants on a yearly renewable lease for $750 a month. The same tenant has been renting this property for over 2 years. The tenant is in full time employment working for WAL-MART.

GROSS MONTHLY RENTAL INCOME: $750 / €559 / £490

Monthly Expenses include:

Property Tax of $166 / €124 / £108

Property Management Fee of $75 / €56 / £49

Tenant pays water, electric and gas

THIS WILL GIVE YOU A NET MONTHLY RENTAL INCOME OF: $509 / €379 / £333

NET INCOME PER ANNUM OF: $6,108 / €4,548 / £3,996

We bring to you the whole package:

1.Exceptionally Low Priced Investment Properties
2.High Yield Rental Income
3.1st Class Property Management Company
4.Engineers Home Inspection Report
5.Title Company/Attorney Assigned
6.Complete Personal Service and Supervision of Your Purchase from Start to Finish
7.Insurance Available
8.Assistance with opening a US Bank Account

All prices are calculated at the following currency conversion rates: $1.34=€1 $1.53=£1





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Approximate price of this 3-Bed Unknown
€22,050 EUR | 
£17,647 GBP | 
US$27,665 USD | 

(Currency and Foreign Exchange services supplied by Excel Currencies)
Ref 652063 
Town Warren 
Region Macomb County 
Province Michigan 
Country United States  
Type Townhouse
Bathrooms
Bedrooms
Category Re-Sale  
Listed over 1 year ago
Looking at property as an investment? ...   Find out more >>

Property Characteristics

  • Garden:  Private Garden
  • Parking:  Private Garage and Driveway
  • Distance to Shops:  Close

Map of Warren, Michigan, United States


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Price: £17,647
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Purchase this Townhouse in Warren for

US$46p/m

(60% LTV, 5% Interest Rate, 30 years)

(Subject to status. Information given for guidance purposes only.)

GET A QUOTE NOW


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Price of Property in Warren, USA

Property Type Min Price Max Price Median Price
(All prices in EUR) Warren USA Warren USA Warren USA
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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