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Phone: 3035209143

Email: info@ukholdingsglobal.com

Property id(7267) is Reserved

Property id(7267) is Sold

Email: info@ukholdingsglobal.com

3035209143

8588 Appoline St, Detroit, michigan 48228Download Brochure

Short Remarks

BRICK 3 BED, 1.5 BATH HOME IN DETROIT

HUGE 11% Return!

SECTION 8 TENANT

NEWER ROOF WITH 30 YEAR ARCHITECTURAL SHINGLES (3-5 YEARS OLD)

NEWER HOT WATER HEATER (3-5 YEARS OLD)

VINYL WINDOWS

HARDWOOD FLOORING THROUGHOUT

TILE KITCHEN FLOORING

TILE BATHROOM FLOORING AND SHOWER SURROUND

TWO-TONE INTERIOR PAINT

UPDATED KITCHEN CABINETS AND COUNTER TOP

UPDATED ELECTRICAL SERVICE PANEL

FULL BASEMENT WITH GLASS BLOCK WINDOWS INSTALLED

GREAT MANAGEMENT IN PLACE

Full Remarks

***In 2016 the New York Times named Detroit the “Comeback City”.  Multiple media outlets consistently rate Detroit in the top 10 best places to buy rental properties in the country and a 2016 CNBC Poll ranked Michigan in the “Top 10 Best Places to do Business”.  With record low pricing, record increases in rent premiums, and a resurging and diversifying job market, the perfect opportunity to buy low price and high yield properties was created. This city and its surrounding suburbs are on their way back up with the help of Fortune 500 companies and the government. In May 2015 General Motors announced the investment of $1 billion into their Detroit area technology park.  This investment is expected to bring 2900 new jobs to the area.  Detroit is an international city and with the construction of the new Gordy Howe bridge to Canada 10,000 new jobs will be created.  Values continue to rise as the investment world focuses attention on Detroit as a great area to buy and hold.  We have been investing in Detroit ever since the housing crisis and all we have seen is an increase in home prices and a higher demand for rental units throughout the years.  This is a great market and we believe it will only get better.

  • Purchase price :

    $76,300
BUY NOW
  • Property Details

  • Bedrooms:

    3
  • Baths:

    1.5
  • Sq FT:

    1,862
  • YEAR Built:

    1945
  • TYPE:

    Single Family
  • LOT SIZE:

    7,405
  • Cash Flow analysis

  • MONTHLY RENT PMT :

    $1,000
  • ANNUAL RENT :

    $12,000
  • Estimated* Hazard Insurance:

    $500
  • Estimated* Property Taxes:

    $1,906
  • Property Management Exp:

    $1,200
  • Annual Utilities Exp:

    $0

Estimated* Net Income:

$8,394

* These estimates are based on current information and projections and are not a guarantee of future income. All investments have risk. Additional or increased expenses and vacancies could effect your actual realized return on your real estate investment property.

Comps

Property Address Purchase Price Date Sold Type of Deal # of Beds # of Baths
15221 Tireman, Dearborn MI $80,000 5/24/17 Single Family 4 2
6538 Ternes, Dearborn MI $87,500 3/14/17 Single Family 3 1
3444 Oakman, Detroit MI $85,000 1/26/17 Single Family 3 1