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ATTENTION INVESTORS: ESTABLISHED RENTAL PROPERTY IN THE MORNINGSIDE COMMUNITY WITH EXCELLENT PAYING TENANT. $650/MONTH INCOME -MONTH TO MONTH.PERFECT TO START A RENTAL PORTFOLIO OR ADD TO AN EXISTING PORTFOLIO. CURRENTLY 9% CAP RATE. WELL-MAINTAINED VINYL-SIDED EXTERIOR, DOUBLE-PAVE SPACE ON DRIVEWAY, NEWER FURNACE AND WATER HEATER, AND VERY FAVORABLE NEIGHBORHOOD JUST WEST OF MACK AVE. CONVENIENTLY LOCATED TO THE GROSSE POINTES, DOWNTOWN AND MAJOR HIGHWAYS. PLEASE ALLOW 48-72 HRS FOR SHOWINGS. RENTAL DETAILS AND RENT ROLL AVAILABLE UPON REQUEST. LICENSED AGENT MUST BE PRESENT ON ALL SHOWINGS- BUYER AGENT TO VERIFY ALL INFORMATION/DETAILS PER LISTING.
This listing courtesy of:
RE/MAX First, Dominick Procopio
Your BAH amount is for the military housing area.
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$--- Est. Payment - $--- BAH = $--- Remaining
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53.65% of housing units are renter occupied.
18.25% are vacant.
The median travel time to work is 23 minutes.
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.