SOLD
$55,000

Auburn Street

Excellent investment opportunity near Dearborn Heights!

Great investment or starter home near shopping centers and Downtown West Dearborn. This 688 square foot ranch style home was built in 1926 and has a 4,356 square foot lot. New carpeting has recently been installed and the rooms have been painted. It is currently under reformation but will be ready soon and new images will be available.

Similar homes in the area are being rented for approximately $800 more or less.  It will be ready to be rented approximately 40 days after closing on the property.

Dearborn is a suburb of Detroit with a population of over 56,000. There are many coffee shops, parks, and commercial centers in the area. The public schools in the community are above average and a variety of businesses make this unique location its home.

Details

Price : $55,000
Property Type : House
Purpose : Sell
Status : Sold
Area : 688 Sq Ft
Address : Auburn Street
State : Michigan
Zip Code : 48228
City : Detroit
Country : USA
Property ID : 2527

Internal Structure

Bedrooms : 2
Bathrooms : 1

Financial Details

Est. Rent PCM : $800
Yearly Income : $9,600
Management : $960
Taxes : $595
Insurance : $550 est.
Net Income : $7,495
Net Yield : 13.63%

Features

Gas Heat
Backyard
Laundry

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