Promise Land Realty
Feb 1, 20231 min
Updated: Jan 20
Single Family Investment Opportunity
Price
Great opportunity to invest in a turnkey package in Metropolitan Detroit areas such as Warren, Hazel Park, Eastpointe, and Roseville. Seller Financing is available with the following terms: - Will listen to offers on terms. 28 homes are section 8. Owners are paying property taxes, insurance and property management fee at 8%. Leasing fee is 1 months rent. Renewal leasing fee is 25% of one months rent per annum. If property is vacant they are paying utilities and lawn care/snow removal. If occupied the tenant is responsible for lawn/snow and all utilities including water. Gross Rental Income: $1,350,058
Additional Information Available upon request. Please submit all offers directly to sarter@promiselandrealtyllc.com.
Seller Financing Terms:
20% DOWN, 3 Year Land Contract at 7.5% Interest Only
Due Diligence/Financials - https://www.dropbox.com/scl/fo/t94dvjplb4rihnpfysp9t/h?dl=0&rlkey=gpirv6kqg6p9ios9ibmddnf82
Property Map
PROMISE LAND REALTY, LLC
Work: 864-762-2509
sarter@promiselandrealtyllc.com
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*