BEAUTIFUL FULLY RESTORED MONSTER 6 BEDROOM 2 FULL BATHROOM BRICK BEAUTY OOZING WITH CHARACTER IN WEST DETROIT - SECTION 8 RENT $2,280 + TENANT PAYS ALL UTILITIES + NEW LEASE SET TO BEGIN DEC 1ST 2024.$2,280 SECTION 8 CASH FLOWING RENTAL PROPERTY The property received one of our full jumbo deluxe rehab packages that includes new roof, one additional full bathroom, 2 additional bedrooms plus an attic conversion into a very spacious master bedroom. Renovations include new breaker panel, new meter can, new wiring, new junction boxes, new grounded service line, new plugs, new gcfi’s, new switches and switch covers, all new LED lighting, new fans, new fixtures. All new plumbing, with new cleanout, all new pex lines, all new PVC stacks, new drain lines, new vanities, new faucets, newly restored claw foot tub, new toilets, new kitchen sink. New countertops and cabinets. All new tile flooring as well as all new restored hardwood flooring. New HVAC units. All new ductwork. New HWT. New gutters and downspouts. All new interior and exterior paint. New blinds, security camara, flood lights and much more. With the size of this property and the A+ restoration level surrounding comps will put this property value easily upwards of $155K. It will appraise all day long at this price. Not to mention the solid government section 8 rent thats wired into your account every month like clockwork. At $2280 (6 bedroom voucher from state run section 8 agency) a month it puts this investment property with a 18% annual return on investment.Average stay for section 8 tenant in Detroit is 5-8 years. We have housed over 100 section 8 tenants in the passed 5 years and have excellent relationships with the top run Michigan Section 8 agencies. We have a turnkey operation here in Detroit and own dozens of properties. We are buying and selling properties all year round and currently have multiple crews consisting of dozens of contractors/workers working on our properties daily. We also have our own in-house management company that takes excellent care of our Out-Of-State and Out-Of-Country Clients. For deals like this, cash buyers or DSCR loans are favored. We also have an amazing local lender who specializes DSCR loans as well as Detroit Section 8 rental properties if you need a referral. This property has a full free and marketable Warranty Deed and will be delivered by Title Company at closing. For further details or information contact Darren Foy at 310.310.0245 or at Darrendfoy@gmail.com
