695 S Briarvale Drive

    Auburn Hills, MI 48326
    • $225,000
    • STATUS: Active
    • ON SITE: 614 days
    • ID#: 217014672
    UPDATED: 69 min ago
    $225,000
    • 5
      BEDS
    • 0.41
      ACRES
    • 2
      BATHS
    • 1
      1/2 BATHS
    • 2,296
      SQFT
    • $98
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1954
    County:
    Area:
    Lot Size Dimensions: 100.11X176.63

    School Ratings & Info

    School District:

    Description

    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!

    Monthly Payment Calculator

    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Classic are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-11-14T06:59:00.877.
    www.detroitmetrorealestate.com/homes/70559090

    695 S Briarvale Drive Auburn Hills, MI 48326

    • Price: $225,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: 217014672
    5
    Beds
    2
    Baths
    1
    ½ Baths
    0.41
    Acres
    2,296
    SQFT
    $98
    $/SQFT
    1954
    Built
    Neighborhood:
    Roselawn Gardens No 1
    County:
    Oakland
    Area:
    Auburn Hills
    School District:
    AVONDALE
    Property Description
    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!
    Exterior Features

    Architecture Level 2 Story Architecture Style Colonial Buildings List Shed Construction Materials VinylOther Exterior Features Fenced Foundation Details Basement Foundation Materials Poured Garage Size No Garage Garage YN No Lot Features Level Lot Size Dimensions 100.11X176.63 Pool YN No Porch Type DeckPorch - Covered Road Frontage Feet 100 Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

    Interior Features

    Basement Type Partially Finished Basement YN Yes Baths Total 2.10 Cooling Ceiling Fans 2+Central Air Fireplace Fuel Gas Fireplace Locations Family RoomLiving Room Fireplace YN Yes Heating Forced AirWall/Floor Furnace Heating Fuel Natural Gas Interior Features Cable AvailableHigh Spd Internet AvailHumidifierSump Pump Kitchen Appliances DishwasherDisposalMicrowaveRefrigeratorStove Room Count 12 Rooms Bath - Full (Entry Level) Bath - Master (Upper Level) Bedroom (Upper Level) Bedroom (Upper Level) Breakfast Nook/Room (Entry Level) Kitchen (Entry Level) Bath - Lav (Upper Level) Bedroom (Entry Level) Bedroom (Entry Level) Bedroom - Mstr (Upper Level) Family Room (Entry Level) Living Room (Entry Level) Sq Ft Combined 2696 Sq Ft Lower Floor 400 Sq Ft Source Prd Sq Ft Total Basement 854

    Property Features

    Assessment 0 Exclusions YN No Homestead YN Yes Land Contract YN No Listing Financing CashConventional Ownership Status Private OwnedShort Sale - No Possession Negotiable Postal City Auburn Hills Protection Period 180 Restrictions YN No Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 1253.0000 Tax Amount Winter 1075.0000 Title Private - Owned Total Tax 2328.0000 Transaction Type Sale Unparsed Address 695 S BRIARVALE DR Warranty No Water Source Municipal Water Year Remodeled 1994

    IDX provided courtesy of Realcomp II Ltd., via Keller Williams Advantage and Realcomp, ©2018 Realcomp II Ltd. Shareholders.
    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Classic are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-11-14T06:59:00.877.
     
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