State business / very successful business / great return on investment/signed 5 year lease. Almost 3 beautiful acres, open concept. Lots of storage, handicap excess-able. 2 full baths. Bedrooms all large. Over-sized garage with individual storage (Has required alarms). Please this is an adult group home, be kind and gentle. Pre-qualified buyers only.Will not be disappointed. GENERATE $21000 NET/YEAR, STEADY BUSINESS FOR 5 YEARS LEASE COULD BE EXTENDED ANOTHER 5.
On-site laundry and storage Less than 1 mile from I-94 Small garage for Landlord use Rents increase to $570 per month on 3/1/15
On-site laundry and storage Less than 1 mile from I-94 Rents increase to $570 per month on 3/1/15
State business / very successful business / great return on investment 5 year lease. Almost 3 beautiful acres, open concept. Lots of storages, handicap excess-able. 2 full baths. Bedrooms all large. Over-sized garage with individual storage (Has required alarms). Please this is an adult group home, be kind and gentle. Will not be disappointed.!!!The term of the lease for 5 years commenced on July 1, 2014. After the expiration date, tenant has the option to 2 additional five years periods (10 years) at the same terms. This property has been rented since 1994 to Macomb County. The owner has a current and valid 2 term- 5 year lease. lease agreement is available upon request. Thanks !WE CONSIDER ALL REASONABLE OFFERS!
Buy one for $59,900 or all Immediate occupancy, month to month leases on all. Seller will look at all offers. Land contracts available.
Wood Creek II Apartments contains a total of 12 units of which three units are one bedrooms, six are two bedrooms and three are three bedroom. Recent capital improvements that have taken place in the last 10 years includes windows, boilers and a hot water tank. All apartments contain newer appliances with a spacious floor plan. Wood Creek is currently 100% occupied.
SPECTACULAR INVESTMENT OPPORTUNITY ON LAKE ST CLAIR. 4 UNIT MULTI FAMILY PROPERTY WITH A TREMENDOUS LAKE FRONT VIEW. ALSO COULD BUILD YOUR DREAM HOME ON THIS PROPERTY. TO MUCH TO LIST BUT YOU WILL NOT FIND ANOTHER OPPORTUNITY LIKE THIS. SELLER WILL CONSIDER LAND CONTRACT. SUBJECT TO TENANTS RIGHTS.
ATTENTION BIG FAMILLY/INVESTORS!!2 UNIT FAMILY in Lovingly restored Historic Flynn House right in the heart of the village of Warren. Completely updated with immaculate attention to every detail! 6 BED ROOMS AND 3 FULL BATH, 3CAR ATTACHED. COMPLETE HOUSE UPSTAIRS FOR THE INLAWS QUARTER WITH SEPARATE ENTERENCE. 2 OF EACH (KITCHEN, LAUNDAY, FURNCAE, WATE HEATER, AIRE CONDITION. super clean and dry basement with office workshop area. 3 car garage with plenty of parking. FOR INVESTORS with potential $25000 YEARLY INCOME WITH 15% ROI. YOU CAN LIVE IN ONE AND RENT THE OTHER!CONSIDER ALL OFFERS!
Kelly Gardens is comprised of 16-large 800 Sq. Ft. one-bedroom units and 16-large 850 Sq. Ft. two-bedroom units that include individual storage lockers in the basement. Also located in the basement are landlord-owned laundry machines. The complex was built in 1967 and is located less than ½ mile from the intersection of Kelly Rd. and East 9 Mile Rd. Over the course of the last couple of years, the common area hallways have all been updated. Historically, Kelly Gardens has performed exceptionally well and continually operates at or near 100% occupancy- as is the case today. An Attractive aspect of the property is the average rental rates of $660 in addition to collections that are near 100% each month. Kelly Gardens is located in close proximity to local and national retailers as well as local bus lines. . The projected NOI of $100,826 nearly mirrors the 2014 Financial Statements. With current lending parameters an investor can expect an initial return to exceed 12%. Many operating expenses such as insurance costs can be lowered leaving significant upside to a potential investor.