Usa060 - Huge Detached House

Usa060
Launch details

Launched
June 2009

Issue Price
£9.20

Property Value
£4,600

Shares Issued
500

Equity Per Share
0.2%

Key Points

Large Detached House
Divided into 4 Units
Potential $1,400 p.m rent
Very Low Cost
In need of refurbishment
Nice Neighbourhood

Shares Available	sold out
Share Price	£9.48 Up 3%
Commission (2.5%)	£0.24
Total Share Price	£9.72
Property Value	£4,740 Up 3%
Equity Per Share	0.2%

Total share price: £9.72

Sold out

Bid for SharesRegistered members can now bid for shares

Synopsis

A substantial detached property in Detroit Street, Jackson, Michigan. The property has 6 bedrooms, 4 bathrooms and 4 sitting rooms. The property is approximately 3,000 sq ft.

The property requires refurbishment and is divided into 4 flats, each able to achieve a rent of $300-$400 per month.

The property offers great potential for investors, as it has an estimated value of $55,000 in good condition and is also suitable for letting.

Capital Growth

This property has been purchased at a total cost of £4,600*. We are of the opinion that the property can be re-sold "as is" for in excess of £6,000 making investors a 30% profit.

Because of the high rental potential of this property ($12,000 p.a) we would expect to see this property sell quickly.

Purchase Price

*Total Purchase price of a property, includes some or all of the following additional costs and expenses incured in completing the purchase of the property; Estate agents fees, lawyers fees , local taxes, stamp duty, valuation fees, fees for surveyor, title insurance, company formation costs, trust acc formation costs, letting and management fees, specialist advisors costs, listing cost.

Total share price: £9.72

Sold out

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