5731 Somerset Ave, DETROIT MI 48224

Property Address

5561 Lakepointe St, DETROIT MI 48224

Lovely Brick Tudor Duplex near Detroits most sought after East English Village.
Property renovated – 2BR upstairs and 2BR downstairs with bathroom and kitchen for each unit.
Tenanted and cashflowing from day one, bring over 12.5% return nett after costs
Some great equity built into this property as well, and with new Fiat Chrysler plant going into only blocks away, this property value and rental return has nowhere to go but UP…

NET ROI after Costs 12.8%

Property Details

House Size2309 sq ft
Bedrooms:4
Bathrooms:2
BasementYes
Garage:Yes
Lot Size:6098 sq ft
Rental Return: $1,350 USD per month
Return on Investment:12.8% after deductions
Est Market Value: $125,000 USD

Purchase Price: US$92,500