Single Family Investment Opportunity
20696 ROSCOMMON
19774 ELKHART
20405 KENOSHA
22486 RAUSCH
20913 RIDGEMONT
Price
$655,000
Exclusive Off-Market Portfolio: 5 Single Family Section 8 Properties in Metro Detroit
Overview: We are pleased to present an exclusive off-market portfolio consisting of five fully remodeled, tenant-occupied single-family Section 8 properties in Metro Detroit. Each property has management in place, ensuring a seamless investment experience. Below, you will find detailed information on each property along with attached documents including City Certificates, Financial Statements, Exterior Photos, and Section 8 Vouchers.
Attached Documents: https://drive.google.com/drive/folders/1y9HplQY9POVzrCfTW66cwVN2bpa2vcwh?usp=share_link
City Certificates
Financial Statements
Exterior Photos
Section 8 Vouchers
Property Details:
22486 Rausch, Eastpointe
Status: Tenant Occupied
Monthly Rent: $1,300
Yearly Rent: $15,600
Management Fee (8%): $1,248
Taxes: $2,370
Insurance: $600
Cash Flow: $11,382
Size: 1,170 sqft
Bedrooms: 4
Bathrooms: 1.5
Construction: Bungalow, Vinyl
20913 Ridgemont, Harper Woods (Grosse Pointe Schools)
Status: Tenant Occupied
Monthly Rent: $1,300
Yearly Rent: $15,600
Management Fee (8%): $1,248
Taxes: $1,669
Insurance: $600
Cash Flow: $12,083
Size: 1,100 sqft
Bedrooms: 3
Bathrooms: 1
Construction: Bungalow, Vinyl
20405 Kenosha, Harper Woods
Status: Tenant Occupied
Monthly Rent: $1,400
Yearly Rent: $16,800
Management Fee (8%): $1,344
Taxes: $3,340
Insurance: $600
Cash Flow: $11,516
Size: 995 sqft
Bedrooms: 3
Bathrooms: 1
Construction: Bungalow, Vinyl
19774 Elkhart, Harper Woods
Status: Tenant Occupied
Monthly Rent: $1,175
Yearly Rent: $14,100
Management Fee (8%): $1,128
Taxes: $2,479
Insurance: $600
Cash Flow: $9,893
Size: 995 sqft
Bedrooms: 3
Bathrooms: 1.5
Construction: Bungalow, Brick
20696 Roscommon, Harper Woods
Status: Tenant Occupied
Monthly Rent: $1,350
Yearly Rent: $16,200
Management Fee (8%): $1,296
Taxes: $2,904
Insurance: $600
Cash Flow: $11,400
Size: 1,000 sqft
Bedrooms: 3
Bathrooms: 1.5
Construction: Bungalow, Brick
Pricing:
3-House Package: $390,000 (22486 Rausch, 20913 Ridgemont, 20405 Kenosha)
2-House Package: $265,000 (19774 Elkhart, 20696 Roscommon)
Total Sales Price: $655,000
Contact Information: Please submit all offers and inquiries to investments@promiselandrealtyllc.com. If you have any questions or need further information, do not hesitate to reach out.
This is a prime opportunity to invest in a portfolio of high-quality, income-generating properties with stable Section 8 tenants in place. Act fast to secure this valuable investment!
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"AMERICA'S #1 SOURCE FOR OFF MARKET PROPERTIES"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
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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