Dodge Ave
Warren, MI 48089

Beautiful House with Reliable, Responsible Tenant — TURNKEY INVESTMENT

This fully renovated, centrally located rental offers immediate income with a dependable tenant in place. The current tenant is responsible, works in the medical field, and passed an extensive background check. Employer and prior landlord references were verified, a security deposit was collected, and rent has been paid on time.

Investor Highlights
• Strong cash flow and attractive cash-on-cash return
• Stabilized asset with minimal ongoing maintenance
• Desirable neighborhood with a tight-knit community, Minutes from schools, shopping, dining, community centers, and two major interstates.

Renovations include:

– Fully updated plumbing throughout
– Furnace and hot water tank brought fully to code
– New windows
– Electrical repairs completed including corrections to kitchen lighting and fixtures
– Garage upgrades with a brand-new garage door and siding repairs
– Crawl-space covering for structural protection
– Front porch structural repairs including tuck-pointing, railings, and painting
– Gutter repairs
– Fence repairs
– New drywall installed in select areas
– Fresh interior paint throughout including trim and caulking
– New doors and updated hardware
– New appliances including stove, refrigerator, A/C unit, washer, and dryer
– New window treatments, outlets, switches, fixtures, and smoke/CO detectors
– Carpets professionally deep cleaned
– New mailbox with updated exterior hardware

MartelTurnkey has partnered with some of the top lenders that provide a wide range of financial solutions to meet your Rental investing needs. Talk to an Advisor to learn more or visit our partner to get pre-approved.

Your turnkey property already has a local property management company in place. During the purchasing process, you will be introduced to them.

Purchase and Sale Agreement (PSA): A PSA will be delivered electronically once an agreement has been made and must be executed by Buyer within 24 hours of receipt.
Earnest Money Deposit (EMD) of $1,000 must be wired to the Title Company within 3 days of PSA signing.
Appraisal Contingency is available for financed properties, and will be waived automatically if the property appraises for the sale price. If it does not appraise for the sale price, then the Buyer and Seller will have the opportunity to come to terms or the Buyer can cancel the contract.
Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 45 days of PSA execution for financing unless otherwise agreed by Buyer and Seller.
Lease Agreement: The current lease agreement will be provided to Buyer at Closing.
Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Martel TurnKey to lower transaction costs for Buyers and Sellers. Actual closing costs will be outlined on the final settlement statement.

Click here to learn more about buying rental properties from MartelTurnkey. If you have any further questions, schedule a call with an advisor