Detroit News – Ford buys Michigan Central Train Station

Ford Motor Company has bought Michigan Central Train Station.

The station, which opened in 1913, was built by the same firm responsible for New York’s Grand Central Terminal.

In its heyday, the 21-story building had marble floors under an arched 65-foot ceiling and was the tallest train station in the world.

When the last train left in 1988 the building fell into disrepair and became a symbol of Detroit’s decline.

Michigan Central Trains Station

But Ford’s purchase of the iconic building on 18th June highlights just how much Detroit’s is reviving.

The station will be the centerpiece of a US$1 billion Ford Detroit campus in Corktown.

Renovation will be complete by 2022.

And plans include;

  • 1,200,000 sq. ft. of mixed-use development
  • Moving 2,500 of its employees, roughly 5% of its southeast Michigan workforce, to the new campus
  • Space for an additional 2,500 entrepreneurs, technology companies and partners related to Ford’s expansion into Autos 2.0
  • Space for shops, restaurants and residential housing
  • A lobby with nearly 65-foot high ceilings a public space stocked with locally owned retail, coffee shops and restaurants.

Ford Executive Chairman Bill Ford Jr. enthused…

“Everything’s changing. From how we build our cars, what they run on, how we hail them. This company was born of disruption. The train station is a signal to the world that Detroit is open for business — for good.

It’s not just a building. It’s an amazing building, but it’s about all the connections to Detroit, to the suburbs, and the vision around developing the next generation of transportation.”

Chairman of Quicken Loans Inc. Dan Gilbert added,

“This is phenomenal. This is almost like a dream that this is happening. When people get together and focus on something good, a lot of great things can happen.”

Why is this important to you?

Because it shows you how much Detroit has progressed in the last few years.

And as local buyers rush to buy property in the city median prices are now over US$ 50,000.
(source: Trulia market report)

But the good news is I can still offer you fully renovated, brick-built, tenanted properties from only US$ 35,995.

And you will earn rental returns up to 19.39% net.

But the way the market is moving means your opportunity will soon be gone.

So if you’d like to see what’s on offer – just reply to me.

Let’s have a quick look at a few that are available right now.

This one is on Lenox Street in Chandler Park…

Lenox Street in Chandler Park

Chandler Park is in Southeast Detroit next to affluent Grosse Pointe.

The neighborhood is known for The Chandler Park Conservancy and golf course.

Over US$ 20,000,000 has been spent developing this campus over the last few years.

It is also home to well-ranked Chandler Park Academy High School.

As a result it is popular with parents and children.

So there is high demand for rental property in this area and property prices are rising fast.

This property is only 800 meters (0.5 miles) from The Chandler Park Conservancy and golf course.

And 1km (0.6 miles) from the shops, banks and restaurants on E Warren Avenue.

Other top schools, Clark, J.E. Preparatory Academy and Ronald Brown Academy are a 5 minute drive.

This house has 5 bedrooms, 2 bathrooms, a living room, a kitchen, a 600 sq. ft. basement and a 3,920 sq. ft. garden.

It is on offer for US$ 49,995.

Your monthly rent is US$ 950, paid by Section 8.

Your net yield is 18.96%.

That’s US$ 9,480 in your bank account every year.

Want full details?

Simply reply to me.

This place is on Woodhall Street in Cornerstone Village…

Woodhall Street in Cornerstone Village

Cornerstone Village is in East Detroit next to upmarket Grosse Pointe and Harper Woods.

The neighborhood is known for its excellent block clubs.

They play an important role in the community by organising local events and meetings.

Moreover, they encourage neighbors to be vigilant which helps to keep crime rates low.

As a result there is high demand for property in the area from buyers and tenants.

And prices are rising fast.

This property is 950 meters (0.6 miles) to the shops, banks and restaurants on Harper Avenue.

East English Village Preparatory Academy is an 8 minute walk.

Ronald Brown Academy and Eastside Tennis and Fitness Club are a 3 minute drive.

This house has 3 bedrooms, 2 bathrooms, a living room, a kitchen, a 600 sq. ft. basement and a 5,499 sq. ft. garden.

It is on offer for US$ 45,995.

Your rent is US$ 750 per month.

Your rental yield is 15.26% net.

That’s US$ 7,020 in your pocket every year.

Want to know more?

Just reply to me.

This last one is on Saratoga Avenue in Burbank…

Saratoga Avenue in Burbank

Burbank is in Northeast Detroit and borders upmarket Grosse Pointe and Harper Woods.

It is 16km (10 miles) from Downtown Detroit or a 15 minute drive.

Many people living in Burbank work in Eastpointe which is just a 5 minute drive from this property.

This is because property prices in Eastpointe are much higher than in Burbank.

But it also means demand for housing in Burbank is high.

And this is already starting to push up property prices and rents.

So you are likely to benefit from strong capital growth.

This property is only 800 meters (0.5 miles) to the shops, banks and restaurants on Kelly Road and Seven Mile East Road.

Regent Park Scholars Academy and Brewer Academy are a 10 minute walk.

This house has 3 bedrooms, 1 bathroom, a guest toilet, a living room and a kitchen.

There’s also an 864 sq. ft. basement and a 4,791 sq. ft. garden.

This property is on sale for US$ 45,995.

Your rent is US$ 750 per month.

Your net return is 16.10% – after all expenses.

That’s US$ 7,408 in your hand every year.

If you’d like to know more – simply reply to me.

Remember all our USA investment properties are:

  • Fully renovated – average cost of works US$ 20,000
  • Freehold with full warranty deed
  • Already tenanted with pre-screened tenants – you get paid from day one
  • Professionally managed – your rent is paid on time into your own bank account

I won’t offer you unrealistic guarantees which can’t be fulfilled, like some people I could mention.

But I do promise you…

  • Your vacancy rates will be very low (last 3 years 3.58% average)
  • You will always get paid what you are due
  • I will stay right by your side for as long as you own your property
    It doesn’t matter if it’s 3 months or 30 years – if you have a problem I’ll be here to help.

Because I know that if you get the returns you are expecting you’ll come back for more.

You might even refer your friends and family, if I’m really lucky.

And unlike many o`f my competitors I don’t charge you a finder’s fee, an enabling fee or an arrangement fee.

In fact I don’t charge you any fees at all.

So if you’d like full details of what’s on offer in Detroit – just reply to me.

Best,

Rebecca

Copyright OVG Invest Co. Ltd. 2009 - 2019
Email: info@ovginvest.com
Tel: +852 3101 7075 - Fax: +852 3101 7076
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