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US127 - Sorrento St - DETROIT

  • Country: USA
  • Resort: Detroit
  • Development: Detroit Foreclosures
  • Price from: £23,200
  • Deposit: £23,200
  • Investment type: Mortgage/Finance, Guaranteed Rental
  • Property type: Villa/House
  • Number of bedrooms: 3
  • Location features: Ideal location for fantastic rental income & price reound, Very good location, Nice Street, Great rental area
  • Status: Completed
  • Completion date: Completed

Enquire about this property

American Foreclosure at a FRACTION of true cost

 

“The big money in property is found in unbalanced markets”

“Turn-key” investment requiring little input from the investor... full rental management included, no hassle, hands off property investment. There’s no better place to buy great value investment property at the moment than America.

Our US foreclosure properties offer returns of around 25% gross (10-14% NET) – they are low cost investment opportunities with tenants in situ and huge capital gains to be experienced over the next few years. We are the experts in selecting the right property. We only offer exceptional investments, like this excellent Detroit option in a stable residential area - sold fully renovated with a tenant included in price.

US127 – Sorrento St, Detroit, MI, 48228

Sale Price = 37,000 USD
• Low Cost 3 Bed Buy-to-let Investment Property
• Detached freehold property built in 1950
• Sold fully renovated & tenanted inc in price
• House size = 791 sq ft
• Lot size = 4305 sq ft (35x123)
• 3 Bedrooms, Kitchen, Living & Dining Room
• Full Size Basement
• Good residential area close to facilities
• Rental return = 650-700 USD/month

This is an ideal location for fantastic rental income and price rebound. The location of the property is very good; a nice street, in a great rental area.

The property is currently under-going renovation and will be completed very soon. Photos were taken during the refurbishment. This good, low cost investment property will be able to provide you with positive cash flow from day one! It’s a “turn-key” investment requiring little input from the investor... full rental management included, no hassle, hands off property investment. There’s no better place to buy great value investment property at the moment than America.

The property will rent for around 650-700 USD per month and good, long term tenants will be placed into the property after they have been through a vetting process. The tenants will furnish the property so are likely to stay long term.

The NET return is very good; over 11.5% (including all approximate costs). On top of the excellent yield, the property will also experience huge capital gains as the market recovers.

Estimated Current Market Value 60-75K USD
 



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