Saturday, November 15, 2008

2976 Cadillac, Detroit, Michigan, Wayne, 48214



Single Family Home, 2976 Cadillac, Detroit, Michigan, Wayne, 48214

RENTED & POSITIVE CASHFLOW!!

Own this beautiful, brick, colonial, 2-story home built in 1911 with 4 bedrooms & 2 baths and over 1600 sq ft, that is CURRENTLY RENTED for $950 and has $358 in monthly positive cashflow, a 37% Cash-On-Cash return!

This will go fast!!! Don't give it a 2nd thought! Call 1st Thought NOW!!

This majestic property located on a quiet, tree-lined street in a solid middle class neighborhood is 4 blocks from the newly renovated Detroit Riverfront and new million dollar homes as well as continuous new development in the entire area and is continuing to climb in value.

All new, very high end rehab with 2-tone paint, hardwood floors on main floor and carpet in bedrooms, new electric, new plumbing, new kitchen, and many other upgrades!

Sale price is ONLY $59,000!!

Assignment fee is $10,000

Appraised value is $80,000

Currently rented for $950/month.


Contact:
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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