$75,000
$79,900
6.1%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,035 SqFt
SOLD DATE : 08/31/2022
Key Details
Sold Price $75,000
Property Type Single Family Home
Sub Type Bungalow
Listing Status Sold
Purchase Type For Sale
Square Footage 1,035 sqft
Price per Sqft $72
Subdivision Stoepel'S Martin Rd. Sub. #1
MLS Listing ID 58050086695
Sold Date 08/31/22
Style Bungalow
Bedrooms 3
Full Baths 2
HOA Y/N no
Originating Board MiRealSource
Year Built 1930
Annual Tax Amount $792
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40x125
Property Description
Looking for Investors! Make money without any effort. Why buy a home and dump thousands into renovation in order to rent it when you can buy this turn key, already rented, home! Tenant currently paying $1,000 per month (section 8 - guaranteed rent). All inspections have been completed by city and section 8. Almost an 1,100 square foot home with 3 bedrooms and 2 full baths. Oak kitchen and vinyl windows. Land Contract terms available: $15,000 down, 6.5% for 5 years. Principle and Interest payment is only about $411 per month...taxes are currently only about $66 per month...insurance about $67 per month...this give an approx total payment of $544 and about a $456 per month positive cash flow. That's $6,000 a year profit or a 40% rate of return on the $15,000 down payment. Owner is a licensed broker.
Location
State MI
County Macomb
Area Roseville
Rooms
Kitchen Oven, Range/Stove, Refrigerator
Interior
Heating Baseboard, Hot Water
Fireplace no
Appliance Oven, Range/Stove, Refrigerator
Exterior
Exterior Feature Fenced
Waterfront no
Road Frontage Paved
Garage no
Building
Foundation Crawl
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Bungalow
Level or Stories 1 1/2 Story
Structure Type Aluminum
Schools
School District Roseville
Others
Tax ID 1416304010
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Financing Cash,Contract,Conventional
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Bought with Sine & Monaghan LLC
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Managing Partner | License ID: 6506046014
280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States