This huge five bedroom multi unit house has two large apartments, and with a high net return of 26%.
Garden, Basement, Off Street Parking
This huge multi-family home is the best valued property on the market today, 14415 Mansfield Street another multi-family home is presently listed at $75,000. Not only does this colonial house look fantastic but it is located in one of the best areas in Detroit, Grandmont Rosedale.This property is split into two very large apartments, you have a three bedroom apartment downstairs and two bedroom apartment upstairs, we have included $2,000 in the purchase price to make this house rental ready. As Grandmont Rosedale is one of the most desirable communities in Detroit this property will rent quickly.Grandmont Rosedale is viewed as one of the best areas in Detroit and has its own Development Corporation who take care of the local parks, tree-lined streets and local shopping area. The area also contains some of the best Schools and Colleges in Detroit.
$13,200 rent a year. $1,320 management fee. $1,577 taxes. $800 insurance. = 26% net return.