19985 Packard St, Detroit, MI 48234

LOCATED 8 MINUTES FROM THE HISTORIC CITY OF HAMTRAMCK YOU WILL FIND 19985 PACKARD NESTLED ON A 4,356 SQUARE FOOT LOT IN THE QUIET SHERWOOD NEIGHBORHOOD OF HOMEOWNERS. THIS BRICK CROWN JEWEL IS RECENTLY REMODELED AND BOASTS 3 SPACIOUS BEDROOMS AND 2 BATHROOMS. IN ADDITION, THIS HOME HAS NEWER ELECTRICAL AND BRAND NEW FURNACE/HOT WATER TANK TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER, SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY WAS JUST RENTED ON A 2 YEAR LEASE TO A SECTION 8 TENANT AND THE MONTHLY DIVIDENDS OF $1,480 ARE ALL PAID IN FULL BY THE FEDERAL GOVERNMENT. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN 22% CASH ON CASH RETURN. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER’S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.