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About the Listing 114311 - RC440882
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 and increase equity quickly. A little work can go a long way in maximizing rents and resale value. Location Highlights: * Convenient access to Downtown Detroit, offering jobs, entertainment, dining, and nightlife * Close to major freeways for easy commuting throughout Metro Detroit * Near public transportation for added tenant convenience * Located within reach of respected local school options and educational resources * Strong rental demand area with continued neighborhood growth potential Perfect For: * Buy-and-hold investors * First-time investors * House hackers looking to live in one unit and offset expenses * Renovators seeking equity upside Don't miss this chance to secure an affordable income-producing property in one of Michigan's most recognized rental markets. 12477 Loretto is your opportunity to build wealth through real estate.
Listing Highlights
Status
Active
Days on Site
1
Property Type
Multi-Family
MLS ®
60989362
Year Built
1927
Total Square Footage
1,359
Lot/Acreage
0.08
County
Wayne
Neighborhood
J S Visgers Loretto
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 0
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1359
- Below Ground Sq Ft: n/a
- Basement: Block
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 30X110
- Zoning: Residential
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $1,476
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
12477 Loretto Detroit, MI 48205
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