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Tenant FOX(c) CASH DEALS Monroe, MI

4 beds 2 baths 1,496 sqft

**Rental or flip opportunity ($36,000)

2015 Taxes $1,288

Full basement

Detached garage

House has 2 Furnaces, 2 hot water heaters and 2 electrical panels

One furnace is about 3 yrs old (high efficiency), the other is about 10 years old

Hot water tanks are newer

Roof was replaced about 7 years ago

Both electrical panels are fairly new circuit breaker boxes

House was rented at $900 a month as a single family.

Upper unit had the kitchen cabinets removed, but all the plumbing is there in the wall to reattach to. Upper could rent for $550 and lower could rent for $600.

House also has potential as a flip (please check comparable sales provided below regarding sold homes on the west side of Monroe)

House needs carpet, paint and minor cosmetics

This is a cash, line of credit or hard money loan situation (we have hard money lenders available – one lender will lend 80% of acquisition cost, 50% of rehab cost, 2.5 points on total loan at 1.1% monthly interest with a 12 month term)

Price

$36,000

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