Direct from the lender, Beat the competition to Four off market single family properties package with excellent cash flow potential. Recently foreclosed, still in redemption period, NOT on MLS. All properties are in excellent home owner neighborhoods in good cities. Total current market value of all four properties is $345k. Average annual rents are $12k to $15k PER property. All properties are occupied by previous borrowers. Foreclosures have been completed on all four properties. Contact agent for more info 734-250-7606 Addresses are 36676 Rolf, West land Michigan. 20105 Blackburn, Saint clair shores, Michigan. 15149 Drake, Southgate, Michigan. 26764 Greenleaf, Roseville, Michigan
The property consists of a single two story brick building that sits at the edge of a mature community in St. Clair Shores. The lot is desirable and well-kept and there' s ample parking for tenants lining the side and the back of the building. Tenants have a carport and additional parking spaces are available for their guests or second car. The seller has taken great pride in the property from day one, placing a tremendous amount of time and money into making the property attractive to the tenants who make their home here. The complex features all one bedroom units with each tenant having an estimated 600 square feet. At this time, the 8 one bedroom units are renting for $580. As for the utilities, the building is outfitted with hot water/baseboard heat that is landlord paid. The water is landlord-paid, but the electricity is individually metered and tenant paid. As of May 1st the building is sitting near 90% occupancy.