Property Description:
Address: 28211 Waverly St, Roseville, MI 48066
Asking Price: $85,000
I have a wholesale deal on a section 8 tenant occupied property in Roseville. This is a 3BD/1BA with a 2 car detached garage and basement. The property is currently rented to a section 8 tenant for $1,100/month.
This would make a great buy and hold property to add to your portfolio. Similar properties are valued at $99K. Property comes with a certificate of occupancy and property management set in place. This investment provides instant cash flow!
3BD/1BA
Basement
2 car detached garage
Rented section 8: $1,100/month ($13,200/annual gross)
Taxes: $119.50 ($1,434/annual gross)
Insurance: $62.50 ($750/annual gross)
Property Mgt: $110 ($1,320/annual gross)
Net Monthly: $808/month ($9,696/annual)
Marketing Price: $85K
$9,696/$85,000 = 11.4%
Looking for a cash buyer that can CLOSE QUICK. Close with a Warranty deed. NO Land Contract or Seller financing available. Being sold as-is. This is an assignment. Call today for more details: (248) 660-0743 or email emilio@quickpropertysolutions.co