4533 McClellan Street, Detroit, MI, 48214

Property Details

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LOCATED 4 MINUTES FROM THE INFAMOUS INDIAN VILLAGE, YOU WILL FIND 4533 MCCLELLAN NESTLED ON A 4,615 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW 40 YEAR ROOF WITH ALL NEW WINDOWS AND SIDING AND GUTTERS TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. EVERY INCH OF ELECTRICAL HAS BEEN UPGRADED, COUPLED WITH NEWER PLUMBING AND HOT WATER TANK TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED TO A 2 YEAR SECTION 8 TENANT AND THE MONTHLY DIVIDENDS OF $1495 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $50 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.