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27856 Tighe Roseville, MI 48066
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Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,035 sqft
Price per Sqft $72
Subdivision Stoepel'S Martin Rd. Sub. #1
MLS Listing ID 58050086695
Sold Date 08/31/22
Style Bungalow
Bedrooms 3
Full Baths 2
Year Built 1930
Lot Size 4,791 Sqft
Property Sub-Type SingleFamilyResidence
Property Description
Looking for Investors! Make money without any effort. Why buy a home and dump thousands into renovation in order to rent it when you can buy this turn key, already rented, home! Tenant currently paying $1,000 per month (section 8 - guaranteed rent). All inspections have been completed by city and section 8. Almost an 1,100 square foot home with 3 bedrooms and 2 full baths. Oak kitchen and vinyl windows. Land Contract terms available: $15,000 down, 6.5% for 5 years. Principle and Interest payment is only about $411 per month...taxes are currently only about $66 per month...insurance about $67 per month...this give an approx total payment of $544 and about a $456 per month positive cash flow. That's $6,000 a year profit or a 40% rate of return on the $15,000 down payment. Owner is a licensed broker.
Location
State MI
County Macomb
Area Area03171Roseville
Interior
Heating Baseboard, HotWater
Exterior
Fence Fenced
Pool None
View Y/N No
Garage false
Building
Foundation CrawlSpace
Sewer PublicSewer
Water Public
New Construction No
Schools
School District Roseville
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Special Listing Condition ShortSaleNo, Standard
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Bought with Sine & Monaghan LLC
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