Warren > Macomb County > Michigan > United States Townhouse Available
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Townhouse Description
A DETACHED 3 BEDROOM TENANTED PROPERTY IN A NICE AREA OF WARREN, MICHIGAN
Same tenant for over a year who has recently signed for another years lease
Tenant is Section 8 funded and paying $740 a month rent !!
SECURED PRICE OF PROPERTY: $25,000 / €18,796 / £16,233
TOTAL COST TO BUY THIS PROPERTY FREEHOLD INCLUDING ALL PURCHASE COSTS AND FEES: $29,730 / €22,351 / £19,304
•Low Cost Investment Opportunity
•Already Rented to Tenant on a Yearly Lease who has been in the property for over 1 year and has signed for another years lease and is on section 8 funding
•Income From Day 1
•Detached 3 Bedroom Property with Garage
•Superb Location and Neighbourhood
A 3 bedroom, 1 bathroom house with detached garage and private driveway for parking.
The property measures 900 sq ft of build area and is on a large plot measuring 8,976 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 house is rented out to a long term tenant on a yearly renewable lease for $740 a month. The same tenant has been renting this property for over 1 year and has just signed another lease to March 2011. The tenant receives section 8 funding from the government which guarantees rental payments to the end of the lease.
GROSS MONTHLY RENTAL INCOME: $740 / €556 / £480
Monthly Expenses include:
Property Tax of $166 / €125 / £107
Property Management Fee of $74 / €55 / £48
Tenant pays water, electric and gas
THIS WILL GIVE YOU A NET MONTHLY RENTAL INCOME OF: $500 / €376 / £325
NET INCOME PER ANNUM OF: $6,000 / €4,512 / £3,900
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: $1.33=€1 $1.54=£1
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Approximate price of this 3-Bed Unknown
€19,927 EUR |
£15,947 GBP |
US$25,000 USD |
(Currency and Foreign Exchange services supplied by  )
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| Type |
Townhouse |
| Bathrooms |
1 |
| Bedrooms |
3 |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Property Characteristics
- Garden: Large garden
- Parking: Garage and Driveway
- Distance to Shops: Close
Map of Warren, Michigan, United States
Towns located close to Warren, United States
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Price: US$25,000
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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Looking to buy property in Warren, Macomb County, Michigan, United States?
If you are interested in this Two Bedroom One Bath House - Villa in Warren | Michigan | United States then here some more similar properties:
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US Toll Free: +1-866 656 7152
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