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Price: GBP £ 6,000
Property Advertiser: Harry Parsonage
Property Listed By: Private Advertisers
Street:
Detroit, Michigan, 48204
USA
No wonder our Detroit bargains are selling like hot cakes....packaged up, ready to go investments, selling for about the price of a garage in most developed countries!
The high return you can make on this property is not even taking into consideration future capital appreciation. Once the over-supply of foreclosures dries up – and it will – then prices will re-adjust back to something near normal.
Detroit properties like this are in big demand. Cheap, but good houses in popular rental areas – just great as an investment. Simply speaking, there’s really nothing better value on the market – anywhere. So don’t delay in making a decision on this property on Beatrice Street.
These properties do what they say on the tin – provide strong rental return and the prospect of capital growth in the future once the foreclosure glut is cleared.
October 2011 Update. The occupier does not want to rent or buy and has left the property. This property will now be put on sale.
Property Recovery is pleased to announce that it has recently acquired a substantial portfolio of properties direct from Wayne County (MI). All the properties were repossessed by the county for non-payment of back taxes(thesehave now been cleared). Please note that the occupiers may not have been the owners but tenants of a landlord who failed to pay his taxes.
Within the portfolio there are 70 properties that are currently occupied. In the last thirty days PropertyRecovery has hadan external inspection and photographs taken of each property. No internal inspection or contact with the occupiers has yet taken place.
Estimated value: $20,600 (this is a zillow valuation and we feel it is on the high side)
Estimated rent: $670 per month
Building Size: 1,156 Square foot
The Property:
The buyer is responsible for determining the current market and rental value. It was purchased as part of a bulk sale of foreclosed properties, as-is, where-is,no disclosure,no guarantees, no survey, or inspections and we are selling the same way. We havelimited knowledge about the property CURRENT condition so please don?t ask?how's the furnace and the roof?, we don?t know! We have been to the property once. The picture posted are following this external inspection. Please inspect the property prior to making an offer. All sales are final and theproperty isbeing sold as-is. The home is owned free of any bank liens and allpropertytaxes are fully paid to August 2011.We will issue a quit claim deed to the property. You pay all closing costs which are fixed at £150. If you are a serious investor and want to inspect the property first then please email or call us first so
that we can arrange access for you. You must do your due diligence(homework)!BEFORE making an offer. Please be aware that this property is sold"AS IS""WHERE IS" WITH ALL FAULTS. All the information and pictures we havefor this property is in this listing so please make sure to doyour own due diligence before bidding.
Modified: 2011-12-09 14:45:26
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