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3619-21 Nottingham, Detroit, Michigan, Wayne, 48224

3619-21 Nottingham, Detroit, Michigan, Wayne, 48224

Posted on Oodle - Over 4 weeks ago
Price:
$89,000
BR/BA:
6 BR, 2 BA
Property Type:
Multi-Family Residences for Sale
Location:
Los Angeles, CA
Amenities:
Wood Floors

Los Angeles Description

Rent Ready Special!!

2 Family Flat (2 Units) consisting of 3 bedroom / 1 bath units that will cashflow $700/month each unit with a 45% Cash-on-Cash return!

2-story, brick, in a middle-class neighborhood, tree-lined street, 1/2 block from Grosse Pointe, which is one of the most affluent areas in the country.

Property is newly rehabbed with fabulous, high end upgrades and top quality workmanship with new electric, new plumbing, new paint, two new kitchens, new hardwood floors, new carpet in the bedrooms, and lots of beautiful finishing touches! Property management is in place to rent it out and has renters waiting! You may even receive the property WITH renters, if you'd like!

Hurry! It won't last!!

Purchase Price = $89,000

Down Payment (20%) = $17,800

Loan Amount = $71,200

Appraised ARV = $110,000

EQUITY = $38,800

Rents for $1,400 per month ($700/unit)

Cash flow after expenses = $500/month

CASH ON CASH RETURN = 35%

For more information

Patricia A. Shabel

1st Thought Investments

www.1stthoughtinvestments.com

Professional Real Estate Investor/Consultant

c: 323-337-4062

f: 888-821-6548

P.O. Box 931313

Los Angeles, CA 90093-1313
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This Multi-Family Real Estate located at Los Angeles CA 90093 is currently for sale and was listed Over 4 weeks ago in Los Angeles, CA. See other Los Angeles Real Estate