2-Story Corner Lot Brick Home | Tenant in Place | No Back Taxes!

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14803 Prest St, Detroit, MI

Perfect Cashflow Investment!

No Back Taxes!

No Back Mortgages!

$102,000 Zestimate in '07!

*View Our Video to Learn About the Current Tenant*

Please Note: Property has a tenant in place. Buyer would be responsible for working out a rental agreement or evicting the tenant.

Additional Information:
Our photographer visited this property to gather information on the current occupants. Tenant is on disability and has lived in the property since 1988, previously paying $600/month.

Please View our YouTube Video for more information.

Rental Income Estimate: $659 - $857 Monthly (Zillow.com)

Prime Rental Location
- Right off Grand River Avenue
- Two blocks from Tower Mall and Greenfield Shopping Center
- Four blocks from Cooley High School & Burns Elementary
- Tons of restaurants, library & local businesses (auto body, church, health clinic, salon, etc.)

Stories: 2
Number of Bedrooms: 4
Number of Bathrooms: 2
Living Space: 1,405 sq ft
Lot Size: 7,797 sq ft

Garage Size: 360 sq ft

 

Comparable Single Family Homes - Recently Sold:

14579 Sussex St:
Sold 1/16/2013 for $36,000

14511 Whitcomb St:
Sold 9/18/2012 for $18,000

13980 Rutherford St:
Sold 5/18/2012 for $19,000

 

Heath LLC

 

Invest in Detroit Rental Property
Prices are at an ALL TIME LOW!

CNN Money says “It Is Time to Buy Rental Property in Detroit”

  • Detroit is named number two on a list of the best cities to buy rental property in
  • Median rent payments are up over 5% in the past 12 months

Forbes says Detroit Real Estate is the "Comeback Kid"

  • The local market is rebounding rapidly, with current median home prices at $60,200, up 29.2% from Q2 2011 (Detroit, Livonia, Warren)
  • Detroit has “The fastest month-to-month rate gain of all the 146 metropolitan markets” (Realtor.com)

Heath LLC


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Legal Information

PLEASE READ BEFORE BIDDING: Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. Buyer is purchasing this property via a quitclaim deed and will assume any liens, encumbrances, and/or back taxes. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone. All information derived from third party sources, including but not limited to property information and appraisals, is deemed reliable but not guaranteed. Some photos may be taken from Google and may not necessarily reflect current state. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the assets in making the decision to purchase the asset.
Payment Information

This auction is a legally binding contract and by placing a bid, you the buyer are acknowledging that you have done satisfactory due diligence and agree to purchase the property. This is a cash sale, you are bidding on the full purchase price. Winning bidder agrees to pay the full balance due within 4 days of the auction's close via certified/cashier's check. Closing costs are $500 + 10% of winning bid or $100 minimum (Buyer's Premium). Closing costs include deed preparation, recording fees, and transfer taxes. Buyer will receive a quitclaim deed.
Additional Information

Please ask all questions and perform due diligence BEFORE bidding!

Questions? Click the "Ask Seller a Question" tab.

Thanks for taking a look at our auction and best of luck with your investments!