Detroit Tech City Real Estate
Alton R Williams II, Detroit Tech City Real EstatePhone: (313) 670-6495
Email: [email protected]

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listing
1 of 30
MultifamilyFor Sale
$310,000
31853 Nardelli Lane
Roseville, MI 48066
Listed by: Move Realty LLC, (586) 405-2327
MLS: Realcomp II Ltd
4Baths
544Sq Ft
Est. Mortgage
$1,700/mo

exceptional investment opportunity in Roseville with a turn-key package of four one-bedroom condos. Perfect for any investor, these low-maintenance units have all been updated within the last five years, ensuring modern appeal and ease of rental. The units historically have generates a gross monthly income of $3,450, with three units rented at $900/month and one at $750/month. One unit is currently vacant to allow showings, presenting a straightforward opportunity to re-lease the unit at $900/month or more, boosting the annual gross income to $43,200. This investment boasts minimal expenses, including annual property taxes of $5,552.63 and HOA dues of $7,440 ($155/month), totaling $12,992.63. This results in a net annual income of $30,207.37, nearly a 10% cap rate, demonstrating a robust return on investment. Tenants are responsible for all utilities, including water, further reducing your overhead costs. All lease agreements and security deposits are available for review and will transfer with the sale, ensuring a smooth transition for the new owner. Showings are arranged only with an accepted offer. Each unit features the same size and layout, with three located on the lower level and one on the upper level, enhancing the property’s uniformity and appeal. Don’t miss out on this lucrative and stable investment opportunity in Roseville.

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IDX provided courtesy of Realcomp II Ltd. via Alton R Williams II and Realcomp II Ltd, ©2024 Realcomp II Ltd. Shareholders. Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.
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