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Detroit property example 1

Property Detail

2056 Glynn Ct. detroit, MI

Location: Detroit
Purchase price: $50,000

Substantial 5 bedroom 2 bathroom brick colonial located in first class (Boston-Edison) area of Northwest Detroit

Overview:
Boston-Edison is one of the most well known neighborhoods in South-East Michigan. Detroit icons such as Henry Ford and Joe Louis once called the Boston-Edison district their home. The architectural makeup of this area is unmatched. With over 900 homes within its limits, each home has its own distinctive look. A prime example is this unique looking 5 bedroom on Glynn Ct. Nestled in between four major freeways, this block has direct access to downtown as well as the businesses and shops in the northern suburbs. Perhaps the strongest neighborhood organization in the city is found here, operating since 1921. It’s no wonder this district is so appealing, given its history and sense of community.

 

Beds: 5

Baths: 2

Garages: 1

Size: 1179 sq ft
Rental yields: 17%
Purchase price:
$50,000

Financials

Currently rented to a pre-screened, up to date tenant for $1050 per month.


THE DETROIT ADVANTAGE

Investing in Detroit provides incentives not offered anywhere else in the world.
Quality-The recent economic downturn has presented a unique opportunity in many hard hit housing markets. However, the quality of Detroit homes is unmatched. Large, well built brick homes line the streets of the city and are being sold at bargain levels. Each of our homes is fully refurbished and updated, and go through a detailed screening process before being selected.
Return-With millions of federal dollars invested in the city, urban revitalization is fully under effect. Several government programs have been set up to provide investors with a large pool of potential tenants. These tenants have guaranteed income which can be sent directly to the home owner. With programs such as Sec. 8, which pays above market value monthly rent, return on your investment dollar is unprecedented.
Turn key- All of our properties are diligently maintained and managed by a fully accredited property management firm. Our Detroit management team is located in the heart of the community, providing you with a knowledgeable and professional staff on location. We deal with the tenants directly on your behalf and oversee the daily tasks associated with your property.
Simplicity- Investing in Detroit couldn’t be easier, and we provide you with clear and precise updates to track your investment. Monthly statements and documents are accessible online with the click of a button. Our staff will work with you every step of the way, answering any questions you may have.
OVERVIEW OF DETROIT
Detroit is located in the Mid-Western United States, and is the largest city in the State of Michigan. Detroit has long been the industrial capital of the United States. The automotive boom at the turn of the 20th century attracted flocks of migrants from across the USA who settled in the Motor City. With the auto companies as anchors, businesses sprang up in and around the city creating one of the most vibrant metropolitan areas in the country. Today, Metro Detroit is home to over 5 million people and is still a hub of industry and commerce.