Property has updated electrical and water lines all throughout. Only $29 a Sqft!
Very low property taxes! Property is currently rented for $650 a month. Leased from Nov 2017- Nov 2018.
THIS MAKES SENSE! Purchase at $40k You're in it for $41.5K with closing cost. RENTED at $ 650 with $492 in taxes/y. 10% in maintenance fee $780 and $1200 on insurance. That's $5,328 a year! (12.8% ROI). In 8 years your tenant will have your property paid off while properties appreciate on a yearly basis.
Minutes to Motown Museum and Ford field! Check this article on how Detroit is changing and rebuilding! https://www.nytimes.com/interactive/2018/04/30/us/detroit-come-back-budget.html
Property has a huge basement that can be used as an extra room!