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6217 Bluehill St, Detroit, MI 48224 - $65,00

Three bedroom house - $750 rent a month.
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6217 Bluehill St, Detroit, MI 48224

DESCRIPTION
This great three bedroom brick built single family home is located on a very well kept street
in Cornerstone Village on the Eastside of Detroit, the house is only three minutes and
walking distance to East English village preparatory academy.
The property has three large bedrooms, one bathroom and a full basement and a large
side and rear garden. The property has just been made rental ready by one of the best
management companies in Detroit and it comes with a new roof, they also have a new
tenant ready to move into the property paying $750 rent a month.
The house is under management with a great local Detroit property management company.

KEY FEATURES
• Three bedrooms.
• Full basement.
• 740 sqft built.
• 4,356 sqft lot.

LOCAL ARE
This house is located in Cornerstone Village, a great area in Detroit with a proud community
feel, this area has great schools and lots of local amenities, it is right next to East English
Village & Harper Woods. The property is just half a mile and walking distance to East
English village preparatory academy, a college that is recognised for a tradition of
excellence in academics.

INVESTMENT DETAIL
• $ 9,000 Rent a year.
• $ 900 Management fees.
• $ 1,629 Property taxes.
• $ 700 Insurance.
• 9% Net return.

* Detroit now has more renters than homeowners

* Detroit is in the top 10 nationwide in construction job growth.
* Detroit has the second highest rent-to-value ratio in the country
* 3 Fortune 500 companies are based in Detroit.
* Redefined Downtown with new bars and restaurants, walkways, cinemas.
* New QLine metro rail system connects the city.

* In the last 5 years in Detroit, home values have grown at a faster pace than in any other city in the U.S
* $1 billion investment in tourist attractions and $650million spent on sports centre and renovating the arena district.
* Home to 4 high-profile professional sports teams, the Lions, Pistons, Tigers and Red Wings.
* Current housing shortage of tenanted property due to increased demand.
* Fiat Chrysler to invest $1 billion in Metro Detroit Plant.
* $1billion Skyscraper construction is underway in Downtown.
* S&P Case-Shiller Index Confirms Detroit's Real Estate Market is Red-Hot