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695 S BRIARVALE DR, Auburn Heights, Michigan

$225,0005 Beds2+ BathsActive

695 S BRIARVALE DR, Auburn Heights, Michigan 48326
Provided through IDX through Realcomp II Ltd. Courtesy of Keller Williams Advantage Copyright 2018 Realcomp II Ltd. Shareholders - MLS® ID: 217014672

    Property Details

    695 S BRIARVALE DR, Auburn Heights, Michigan 48326 - ATTENTION INVESTORS! TURNKEY RENTAL OPPORTUNITY W/ LONG TERM LEASE IN PLACE W/ WONDERFUL TENANTS! PLEASE DO NOT DISTURB TENANTS, SHOWINGS AVAILABLE W/ PRE-APPROVAL. CURRENT RENT IS $1,750/MONTH, INCREASING TO $1,802.50 IN JUNE OF 2017 AND TO $1,856.58 IN JUNE OF 2018. LOW TAXES AND LOW MAINTENANCE COSTS IN THIS UPDATED COLONIAL.LARGE LOT IN A COUNTRY SETTING. 5 BEDROOMS! MASTER BEDROOM W/ WALKIN CLOSET AND VAULTED CEILING. OPEN UPDATED KITCHEN TO FAMILY ROOM W/ FIREPLACE. ALL APPL INCL. LIVING ROOM W/GAS FIREPLACE. 2 MAIN FLOOR BEDROOMS W/FULL HALL BATH. PARTIAL FINISHED BASEMENT W/TON OF STORAGE. QUIET STREET, FENCED LOT, DEEP IN SUB. YOU WON'T BE DISAPPOINTED. 10% RETURN ON INVESTMENT IN THE FIRST YEAR (ASSUMING 20% DOWN, 4.25% INTEREST RATE MORTGAGE, $3,000 YEARLY TAXES, $1,250/YEAR HOI AND A MAINTENANCE BUDGET OF $125/MONTH.)INCREASING TO 11.7% THE 2ND YEAR AND 13.14%!!! THE 3RD YEAR.NOT INCLUDING MORTGAGE PAY DOWN, DEPRECIATION AND POTENTIAL APPRECIATION. STEADY CASH FLOW! ( Additional MLS Data: Summer Tax: $1253, Winter Tax: $1075 )

    Amenities

    • Transaction TypeSale
    • Zip48326
    • CountyOakland
    • SQFT2296
    • Bedrooms5
    • Full baths2
    • Half baths1
    • StatusActive
    • Purchase TypeActive
    • Property typeSingle Family
    • School districtAvondale
    • Year built1954
    • Lot size0.41
    • SewerSewer-Sanitary
    • HeatingForced Air
    • CoolingCentral Air
    • Tax amount$2,328.00
    • Office ID294086
    • Agent ID346264
    • Agent nameStephanie Janiga
    • MLS® ID217014672

    Broker: Provided through IDX through Realcomp II Ltd. Courtesy of Keller Williams Advantage Copyright 2018 Realcomp II Ltd. Shareholders

    Listing Courtesy of Provided through IDX through Realcomp II Ltd. Courtesy of Keller Williams Advantage Copyright 2018 Realcomp II Ltd. Shareholders

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    “The Woodbeck Team far exceeded every expectation I had! I initially contacted them to discuss selling our house in a year or so. After sitting down with Jessica and hearing about their process, we decided to go ahead with selling our house then instead of waiting. After that, everything happened so quick! Their staging expert assessed our home and provided us with a room by room guide of suggestions to get our home sold fast and for top dollar. Jessica then sold our house the second day it was on the market for THOUSANDS over asking price! Everything happened just as fast with Justin. After meeting with him to discuss what we were looking for in a new home, he knew exactly what we were looking for. We only had to look at 5 houses before we found the one, and our offer was accepted without any back and forth. The Woodbeck Team is AMAZING!!!”

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    248.514.1774