70 Single Family Homes (SECTION 8) Rental Portfolio - Detroit, MI - SOLD

Single Family Real Estate Investment Portfolio

• Properties can be purchased individually or as a package

Acquisition Price

$3,560,000

Portfolio Summary

All of these properties are Section 8 approved. GUARANTEED RENT. Located in strong rental area within the City Of Detroit and Wayne County. All titles to be conveyed via warranty deed. This will be a first come, first served situation, so please make your first offer your best offer! 

CLICK HERE FOR PHOTOS:

 https://www.dropbox.com/sh/dpfme3iv4oot0p1/AAAkSPxvUzLbCJqmUQTxIxiRa?dl=0

CLICK HERE TO SEE SPREADSHEET & INDIVIDUAL PRICES:

 https://www.dropbox.com/s/6teurafvp6epsdw/70%20Single%20Family%20Section%208%20Properties%20-%20Detroit%2C%20MI.xlsx?dl=0

LET'S LOOK AT THE NUMBERS:

Gross Monthly Rental Income: $55,960

Avg. Single Family Monthly Rental Income: $670/unit

Gross Annual Rental Income: $671,520

Estimated Taxes: $96,250/year avg. 

Repairs & Maintenance: 10%

Insurance: $7,000/year

Occupancy Rate: 100%

Net Rental Income: $534,694

Cap Rate: 15%

"We make your real estate investing process so easy"

PROMISE LAND REALTY, LLC

Work: 313-307-6616

sarter@promiselandrealtyllc.com

www.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.  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*