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Updated almost 8 years ago on . Most recent reply

User Stats

94
Posts
35
Votes
Jim Bowser
  • Flipper/Rehabber
  • Chesterfield, MI
35
Votes |
94
Posts

20% Return on Investment - Warren Michigan

Jim Bowser
  • Flipper/Rehabber
  • Chesterfield, MI
Posted

7203 Studebaker. $8,000 - $10,000 will make this a steady $750 per month 2 bdrm rental. Taxes well under $100 per month - great return! With $10,000, that's OVER 20% CASH ON CASH RETURN!

Large living room and kitchen. Also large fenced yard. On crawl, no garage, side driveway for parking. Mostly cosmetic - paint and flooring. Only minor touches needed to kitchen and bath. Furnace located in and storage available in attic - access to attic from hall and folding stairs need minor repair. Electrical and plumbing have been upgraded in past. Prior owner says furnace and hot water heater work well. Needs a stove. Some glass in wood windows will need to be replaced.

Asking $15,000. Cash Purchase only. $1000 non-refundable earnest money due at signing. Need proof of Funds if you have not bought from us before. Selling my assignable interest in the Purchase Agreement. Selling "as-is" - must do your own due diligence.  Buyer will get a Warranty Deed.

Dropbox link: https://www.dropbox.com/sh/tuw27hf968kfc8m/AAAR4HeXkiurUHtqY4YsNMeLa?dl=0

Jim Bowser

[email protected]

(586) 242-6238

Offering

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