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