Detroit, United States of America
Single-family, 3 bedroom 3 bathroom, home originally constructed in 1941. The property offers a spacious 146.9m2 of living space across two floors, has a large basement, a fenced-in, private back yard and 2 parking spaces. The property has recently renovated its original hardwood floors, ceramic tiles in the kitchen, new roof, new windows, and a fireplace in the living room. The master bedroom on the first floor comes with closets and bathroom. In addition, it is located in a nice neighborhood near to public transportation, grocery stores, Sinai Grace Hospital and Hubbard Public Library.
Detroit is the largest city in the Midwestern state of Michigan. Near Downtown, the neoclassical Detroit Institute of Arts is famed for the Detroit Industry Murals painted by Diego Rivera, and inspired by the city’s ties to the auto industry, giving it the nickname "Motor City."
Detroit is also the birthplace of Motown Records, whose chart-topping history is on display at their original headquarters in Hitsville, U.S.A.
Recently refurbished, this property offers fantastic rental returns of 8.34%*. Not only that, the property is fully certified and comes under the Federal Governments Section 8 Rental plan meaning that the rental is partially guaranteed by the US government. This plan also serves to reduce tenancy risk on the property.
In addition to that, numerous private and state lead initiatives are focusing on rebuilding Detroit, its downtown neighbourhoods and increasing employment. We believe that all of these factors combined will help to drive property prices in the area higher in the near future and further increase investors’ returns.
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