Buy&Hold (Rentals): 132 SFH Portfolio, Warren, Eastpointe, Hazel Park, Roseville MI + SOLD
- Feb 1, 2023
- 1 min read
Updated: Jan 20, 2024
Single Family Investment Opportunity
Price
$12,400,000
132 SFR Warren - 111 properties Eastpointe - 12 Properties Hazel Park - 3 Properties Roseville - 3 Properties Mt. Clemens - 2 Properties Harper Woods - 1 Property
(28 Section 8 Properties)
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
"Your #1 Source for Off Market Investment Properties, NATIONWIDE"
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*
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