OFF MARKET WARREN, MICHIGAN RENTAL SFH

[Jim Bowser]

OFF-MARKET WARREN, MICHIGAN RENTAL (TURNKEY TYPE)

8257 Packard Ave., Warren, MI 48089 – OCCUPIED BY 5 YEAR PERFECT TENANT. IF PURCHASED, NO REPAIRS NECESSARY AS TENANT’S RESPONSIBILITY

$39,000 - Cash Buyer only - $1,500 non-refundable Deposit with Title Co. and signed Contract needed to

get the deal – You are purchasing my assignable interest in this property. (Proof of Funds necessary if

we have not done any deals with each other before).

SFH, 3/2, 980 Sq. Ft., 2 car detached garage, basement (very possible to add 4th bedroom in basement as 2nd full bath is in basement – just need egress window. Click link for photos:

https://www.dropbox.com/sh/34zre38banfmrpu/AAD2ozIQLLaxvcJX_K_JHfQRa?dl=0

Currently rented at $600 per month for last 5 years. Month to month. Rented about $300 below medium rents as current owner is out of state and current tenant is excellent and never has been in arrears. Tenant pays all utilities, including water. Tenant has been taking care of all repairs. With a written lease, tenant may be willing to increase the rent he pays with the same terms for tenant’s responsibilities.

Rent Analysis Address: 8257 Packard Ave, Warren, Michigan 48089 Report generated: 06 Jan 2018 Radius: 1.50 mile 3-bedroom Max age: 12 months. 750 Results based on 37 3-bedroom rentals seen within 12 months in a 1.50 mile radius AVERAGE $901 ±2% MEDIAN $899 $795–$1,049 80% $800–$980 60%

Boiler replaced in 2010 or 11

Insulation blown in walls at same time

All windows new in 2004 except front and bathroom windows

Contact:

Dawn Bowser

Absolute Property Sales, LLC

[email protected]

(586) 242-6238