17325 Barlow Ravendale, Wayne County, Michigan, USA 5 Bed Townhouse £64,243 | €70,850 | $84,000 Request a Currency Exchange Quote Here

One lot with two houses. Rented to one family for $1,400/mo. Newly renovated. Under management. Great payment history. New furnaces, hot water heaters, updated plumbing and electrical, updated kitchens & baths. 2.5 baths total. Great investment!

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Map
Video
Property Attributes

Amenities & Services

Fully Managed, Parking, Schools

Fixtures-Fittings-Furnishings

Unfurnished, Bath, Carpets, Shower, Smoke Alarm, Toilet

Building Characteristics

Duplex, Detatched, High Ceilings, Renovated, Storage, Suitable For Children, Suitable For Elderly, 1920s, Listed, 2 Storey, Basement

Property Features

Attic, Basement, Central Heating, Cloakroom, Dining Room, Electric Heating, Insulation, Off Street Parking, Outbuilding, Outside Space, Wooden Floors, Granny Flat, Porch, Bathroom, Kitchen, Fully Renovated
Property Description ID:41277517

Unique investment property that makes an EXCELLENT ROI.  One lot with two houses.  Big front house has 3 bedrooms and 1 and a half bathrooms.  Back house has 2 bedrooms and 1 full bathroom.

Front House:

  • Newly refinished hardwood -- see video!
  • New forced air central heating furnace
  • New hot water heater
  • Freshly painted large basement with plenty of storage
  • Totally new kitchen
  • Updated plumbing and electric
  • New carpet in bedrooms
  • Rented with an excellent paying tenant

Back House:

  • Rented to adult daughter of front house
  • Great paying tenant
  • Same electric bill as front house
  • Separate water bills
  • Water bills are both billed directly to the tenants and will never go back to the owner.  Detroit bonus!
  • Newly carpeted living room and two bedrooms
  • Totally newly built kitchen
  • New furnace and hot water heater
  • Both tenants supply their own appliances:  refrigerator, stove, washer, dryer.  Less maintenance costs for owners!
  • Newly rebuilt bathroom with all new bathtub with nice surround, new toilet, new vanity, mirror, vinyl floor.
  • Tenants share grass and snow care

Other information:

  • One year lease.  Started November 2019.  They have already expressed an interest in renewing the lease.  
  • Property management in place
  • Excellent paying tenants
  • Quiet street with great neighbors
  • No problem tenants

See my video!  I'd love to tell you more.  (248) 390-3982.  Monique Burns

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Important Property Information

Available Units

5 Bed Townhouse
  • GBP Price: £64,243
  • EUR Price: €70,850
  • USD Price: $84,000

Key Selling Points

  • 16.1% ROI- Newly renovated- Rented to great paying tenants- Great property management in place
Mortgage Information
Investment Facts

Category : Residential Buy to Let

Cash requirement : £64,243

Payment Structure : 1.00 USD Depsoit

Cash purchase no deposit

Completion Date:

Newly renovated 2019, now rented

Risk Level: Cautious

All turnkeys have risk. We feel it's minimal.

Current Condition : Refurbished

New furnaces, hot water heaters, flooring, windows

Occupancy : Tenanted

One year lease started Nov 2019

Income Yield: 16.10% Net Yield Estimated

Inclu PM fees 10%, insurance $1k, taxes $1,520 est.

Returns Start In...: September 2020

Returns upon purchase

Ongoing Costs : 140.00 USD per Month

$140=10%mgt fees, $1520/yr taxes, $1k/yr insurance

Capital Growth:

Projected
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