$75,000
$79,900
6.1%For more information regarding the value of a property, please contact us for a free consultation.
27856 Tighe Roseville, MI 48066
3 Beds
2 Baths
1,035 SqFt
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
Style Bungalow
Bedrooms 3
Full Baths 2
Year Built 1930
Annual Tax Amount $792
Lot Size 4,791 Sqft
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
Exterior
Exterior Feature Fenced
Building
Foundation Crawl
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Aluminum
Schools
School District Roseville
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
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