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Bargain American Townhouse Available

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Townhouse Description

A NICE MULTI UNIT PROPERTY IN EASTPOINTE, DETROIT, MICHIGAN

1 x 3 Bedroom apartment and 1 x 1 Bedroom apartment

A dual income property bringing in a combined rent of $925 per month !!

SECURED PRICE OF PROPERTY: $30,000 / €24,590 / £20,689

TOTAL COST TO BUY THIS PROPERTY FREEHOLD INCLUDING ALL PURCHASE COSTS AND FEES: $34,750 / €28,483 / £23,963

•Low Cost Investment Opportunity
•Multi Unit Property consisting of 2 apartments
•Income From Day 1
•Superb Location and Neighbourhood

This is a large multi unit property located in a nice neighbourhood of Eastpointe, Near Detroit, Michigan, which is a middle class area with a mixture of owner occupant and rental homes

The property measures 1,700 sq ft of build area and is on a plot measuring 4,640 sq ft. and consists of 1 x 3 bedroom apartment and 1 x 1 bedroom apartment. Both apartments have lounge/dining rooms, kitchen and full bathroom. The lower unit rents for $550 a month and the upper 1 bedroom unit rents for $375 a month, totalling $925 a month. The property also comes with a 2 car detached garage and driveway for parking.

The lower 3 bedroom unit has recently been totally redecorated and will be rented out at $550 a month, the upper 1 bedroom unit is already tenanted. The home includes updated kitchens and bathrooms, as well as some updated vinyl windows, updated electric panel and cicuit breakers.

GROSS MONTHLY RENTAL INCOME: $925 / €758 / £638

Monthly Expenses include:

Property Tax of $333 / €273 / £229

Property Management Fee of $92. / €75 / £64

Tenant pays water, electric and gas

THIS WILL GIVE YOU A NET MONTHLY RENTAL INCOME OF: $500 / €410 / £345

NET INCOME PER ANNUM OF: $5,994 / €4,920 / £4,140

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: $1.22=€1 $1.45=£1


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Approximate price of this 4-Bed Unknown
€25,852 EUR | 
£20,689 GBP | 
US$32,433 USD | 

(Currency and Foreign Exchange services supplied by Excel Currencies)
Ref 752559 
Town Eastpointe 
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 double garage
  • Distance to Shops:  Close

Map of Eastpointe, Michigan, United States


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Price: £20,689
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Purchase this Townhouse in Eastpointe for

US$54p/m

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

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

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Price of Property in Eastpointe, USA

Property Type Min Price Max Price Median Price
(All prices in EUR) Eastpointe USA Eastpointe USA Eastpointe USA
House/Villa 17,217 240 25,153 65,000,000 - 242,990
Townhouse 20,689 23 20,689 6,400,000 - 209,900

* Calculations based on 6 properties for sale in Eastpointe and 5114 properties for sale in USA




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