Do Real Estate on the Go!
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Do Real Estate on the Go!
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$49,999
-- Bed
- 2 Baths
2 full baths
1,359sqft
12477 Loretto St, Detroit, MI 48205
$49,999
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Multi Family
Built in 1927
$-- HOA
3,484.8 sqft lot
$37/sq.ft
Description
Welcome to 12477 Loretto, a prime investment opportunity located in the growing city of Detroit. Whether you're an investor looking to expand your portfolio or a buyer seeking the perfect house-hack opportunity, this property offers strong income potential and long-term upside. This home features 2 bedrooms, each with rental potential of $1,200 per month, generating a total gross monthly income of $2,400, which equals $28,800 annually in projected rental income. With the right management and light improvements, this can become a proven cash-flowing asset. The property does need minor upgrades and cosmetic improvements, making it ideal for investors who want to add value a...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1927
HOA Fees
-
Finished Area
1,359 sqft
Lot Size
3,484.8 sqft lot
Basement Area
- sqft
MLS Name
MiRealSource MLS
MLS Number
60989362
MLS Status
Active
Days on Market
42
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