9528 montrose street, detroit, MI 48227

This is your sign! A rare 5 bedroom, 2 full bath home is great for a large family to move right in and add your touches when you're ready. The 2 adjoining lots are owned by the Detroit Land Bank. Buy them and fence them in. Investors, this is an amazing Buy & Hold Deal. With a little TLC this home can be Section 8. Collect around $2,000 in rent each month based on MSHDA's 2024 HCV (aka Section 8) 2024 Payment Standard for Wayne County. See photo # 2. Don't go and cash out on a $25K full gut rehab? Instead, you need to consider this Land Contract option: Use your $25K as a downpayment, 10% interest, $1,000 per month (Principal & Interest Only) for 2 years. Land Contract purchase price is $60K. Get higher than average cashflow by becoming a Section 8 landlord. Paying $2,000 per month could have the home paid in full within 2 years. The Buyer is responsible for taxes and insurance. You will get a clear title with Title Insurance. Seller is selling their assignable interest.

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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Kimberly Robinson of Real Estate Management Specialists Inc

This listing last updated: Wed, July 03, 2024 at 8:39:36 AM EDT

MIRealSource Listing Data Last Updated On Thursday, July 11 2024 at 11:15am