18503 Riopelle Street Detroit

$57,000
Sold
SKU: 2620
Property type: House
Bedrooms
3
Bathrooms
1

Financial Details

  • Land Size: 870 Sq Ft
  • Est. Rent PCM: $800
  • Yearly Income: $9,600
  • Management: $960
  • Taxes: $679
  • Insurance: $550
  • Net Income: $7,411
  • Net Yield: 13%

Description

Investment Property with Great Potential.

This three bedroom and one bathroom bungalow was built in 1957 and has approximately 870 square feet with a lot size of 4,356 square feet. It is currently being renovated by our experienced work team. The property and landscaping are being cleared and cleaned; new drywall is being installed and repainted. The living room and bedrooms are getting new carpeting. The windows and doors are being replaced and the electricity is being updated. The roof is also being re-covered. Everything will be taken care of to make sure this is a very nice rental ready property.

Located on Riopelle Street alongside other recently renovated homes in the Hawthorne Park neighborhood, there is excellent access to freeways, restaurants, public transport, libraries, schools and parks.