13984 Montrose Street

Detroit - United States of America

Properties > 13984 Montrose Street
EST. ANNUAL RETURN
8.82%
INVESTMENT TERM
2 years
INVESTMENT TYPE
Crowdfunding
PROPERTY TYPE
Single Family Home
TARGET
$88,700

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Description

Single-family, 3 bedroom 1 bathroom, colonial-style home, originally constructed in 1926 and recently renovated. The property offers a spacious 117.1m2 of living space over 2 floors with a large basement.

In addition, the property comes complete with a built-in fireplace in the living room, forced air heating, and central cooling offering a warm, comfortable environment in the winter and cool, fresh space in the summer.


Amenities

Strong Market Fundamentals

Our experienced and professional real estate team review each and every Bricksave deal utilising our AI driven, Algorithmic real estate sourcing program.

Excellent Condition

This property has undergone a detailed inspection and has recently been refurbished. This, in addition to a built-in reserve for pre-sale renovations, positions the property for capital gains on exit of the investment.

Strong Tenancy

The property is fully certified and comes under the Federal Government's Section 8 program. There is an existing Section 8 tenant in place and his lease will be transferred to the new owner. Further info for Section 8.


About the area

Detroit is the largest city in the Midwestern state of Michigan. Near Downtown, the neoclassical Detroit Institute of Arts is famed for the Detroit Industry Murals painted by Diego Rivera, and inspired by the city’s ties to the auto industry, giving it the nickname "Motor City."

Detroit is also the birthplace of Motown Records, whose chart-topping history is on display at their original headquarters in Hitsville, U.S.A.

Discover why we believe Detroit is ideal for property investments

Selling points

Strong Tenancy

The property is fully certified and comes under the Federal Government's Section 8 program. There is an existing Section 8 tenant in place and his lease will be transferred to the new owner. Further info for Section 8

Strong Market Fundamentals

Our experienced and professional real estate team review each and every Bricksave deal utilising our AI driven, Algorithmic real estate sourcing programme.

Excellent Condition

This property has undergone a detailed inspection and has recently been refurbished. This, in addition to a built-in reserve for pre-sale renovations, positions the property for capital gains on exit of the investment.


Investment Timeline
  • Funding started
    7th June 2023
  • Funding complete
    30th June 2023
  • Rental starts
    1st July 2023
  • Returns start
    1st Aug. 2023
  • Year 1 returns
    1st Aug. 2024
  • Year 2 returns
    1st Aug. 2025
  • Property sold


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Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.