This cute little house in Grosse Pointe Woods, a charming suburb of Detroit, is listed for $52,900. Its previous owner had the property for several years, paying $99,000 for it about seven years ago (9/25/2001). Zillow.com estimates that this house is now worth $113,500.This house is in good condition and is in a great neighborhood & school district, so it could be a good buy for an owner-occupant or an investor looking for cash flow in a stable part of the Detroit metro area. This house would easily rent for $800 to $1,000 per month, well under the cost of owning a property like this. If you’re a rust belt REO shopper, check out this deal.
The basics...
Address: 2197 Roslyn Road, Grosse Pointe Woods, MI 48236
Current Listing Price: $52,900
PREVIOUS Sale Price: $99,000 (9/25/2001)
Size: 2 Bedrooms, 1 Bathroom; 775 square feet
Lot: .09 acres
http://www.realtor.com/realestate/grosse+pointe+woods-mi-48236-1098302851/
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