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Ranch - Detroit, MI
LOCATED JUST 7 MINUTES FROM THE HISTORIC UNIVERSITY DISTRICT , YOU WILL FIND 19958 WASHBURN NESTLED ON A 4,356 SQUARE FOOT LOT IN THIS QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A NEWER ROOF AND HAS RECENTLY BEEN REMODELED AND BOASTS 3 SPACIOUS BEDROOMS.
IN ADDITION, THIS HOME HAS BRAND NEW ELECTRICAL, PLUMBING, AND NEW FURNACE/HOT WATER TANK TO ENSURE MAINTENANCE FREE CASH FLOW. MOREOVER, SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY WAS JUST RENTED ON A 2 YEAR LEASE TO A SECTION 8 TENANT AND THE MONTHLY DIVIDENDS OF $1,581 ARE ALL PAID IN FULL BY THE FEDERAL GOVERNMENT. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN 22% CASH ON CASH RETURN. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
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