695 S BRIARVALE Drive, Auburn Hills 48326

$229,000

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MLS#: 216091786
• For Sale
5 Bedrooms • 2 Bathrooms • 1 Half Baths • 2,296 SqFt
Portrait of Michael Loveland
Listed by Michael Loveland

(248) 595-3231

Birmingham - Max Broock Realtors

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Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

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!

Property Information    

Status
Active 
Address
695 S BRIARVALE Drive 
City
Auburn Hills 
Zip
48326 
County
Oakland 
Possession
Neg 
Siding
Other, Vinyl 
Listing Date
09/15/2016 
Subdivision
Roselawn Gardens No 1 
Total Finished SqFt
2,696 
Lower Finished SqFt
400 
Above Grade SqFt
2,296 
Water
Municipal Water
Sewer
Sewer-Sanitary
Year Built
1954 
Architecture
2 Story 
Home Style
Colonial 

School Information

School District
Avondale 

Taxes

Taxes
$2,330 
Summer Taxes
$1,255 
Winter Taxes
$1,075 

Rooms and Land

MasterBedroom:
21 x 12 2nd Floor
Bedroom2:
10 x 12 Entry
Bedroom3:
12 x 9 2nd Floor
Bedroom4:
11 x 9 Entry
Bedroom5:
12 x 9 2nd Floor
Family:
18 x 15 Entry
Kitchen:
10 x 12 Entry
Living:
17 x 15 Entry
Basement
Partially Finished, Basement 
Cooling
Ceiling Fans 2+, Central Air 
Heating
Forced Air, Wall/Floor Furnace, Gas 
Acreage
0.41 
Lot Dimensions
100.11X177 
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Stove 

Features

Interior Features
Cable Available, High Spd Internet Avail, Humidifier, Sump Pump 
Exterior Materials
Other, Vinyl 
Exterior Features
Fenced 

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Listing Broker

Real Estate One logo

Listing Courtesy of Max Broock
Office Address 275 S. Old Woodward