Wednesday, December 18, 2013

Attention Chinese Investors: "Detroit's Best Housing Buys Under $20K"

The special shoutout to the Chinese is due to a story  on Chinese residential property investors doing a "Middle Kingdom meets Motown" in last week's Forbes.
From Curbed Detroit:

Top Ten Under Twenty: Detroit's Best Buys Under $20K

Detroit's cheap real estate is known across the world, but what exactly do those famously cheap houses look like? In some cases, pretty nice. For the third and final time this year, we're rolling out another edition of Top Ten Under Twenty—our top ten houses asking only $20K or less. As always, we're not promising these properties don't have hidden issues, unpaid taxes/water bills, or a variety of critters living in the attic. Be sure to do your research. See something interesting? The 'website' link next to each home will take you to the listing. Without further ado, here are ten of the country's cheapest buys.

This pointy home might be the best of the bunch. Just south of Marygrove College in the Fitzgerald neighborhood, it comes with newer wood floors and a fireplace.
Beds: 4
Baths: 2