Property Description

This home can be leased or leased with option to buy. Rent will be $450.00 per month with a $675 security deposit plus first month rent. In addition, this home can be purchased for CASH OUT for $50,000. Anyone viewing this home should know that land contract price is FUTURE DOLLARS that are worth about 70 percent of today's dollars. CASH OUT MEANS A NEW MORTGAGE OR JUST PLAIN CASH.

This is a compact starter home 1/2 block north of 9 mile road. The home has 2 bedrooms with possibility of using its utility room for a 3rd bedroom. The home is built with crawl space. Included in the updates are new kitchen cabinets, recent lamination of all floors but kitchen (tiled) and utility room (painted cement), newer fixtures in the bathroom. The home has a very large yard with picnic table. Large trees offer shade and protection from big winds. The garage is attached. There is a pull down ladder to a fairly good size storage area in the attic.

The home is owned free & clear. The real estate broker owner has owned this home about 30 years. The storm windows are all new triple-track easy to switch between summer heat and winter cold with the exception of the utility room that was added after the home was built. The sewer drains have been replaced with new non-root-invasive drain pipes. It is in excellent condition.

TERMS: Land Contract with an amount close to $2500 down payment at 6 1/2 percent interest with payoff in the 7 to 10 year time frame. Monthly payment can be set to escalate at a comfortable affordable rate.