$330000 Price Analysis 31835-31811-31853-31851 Nardelli LnRoseville, MI 48066 4 bed 4 bath 544 SqFt ($606/SqFt) Built 1992 Listed 2024-07-08, Taxes $1273 | Ⓧ USDA Ineligible due to location near Roseville |
Perfect for any investor, these low-maintenance units have all been updated within the last five years, ensuring modern appeal and ease of rental. Currently fully occupied, the property generates a gross monthly income of $3, 450, with three units rented at $900/month and one at $750/month. The lower-rent tenant s moving out at the end of July, 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 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 propertys uniformity and appeal. Dont miss out on this lucrative and stable investment opportun ity in Roseville.
Presented by JONATHAN FOUKES at
Move Realty Llc.
Property MLS #20240048166 from Realcomp
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $unknown + $unknown $19600 | $1273 |
2021 | $unknown + $unknown $17800 | $1235 |
2020 | $unknown + $unknown $15900 | $1159 |
2019 | $unknown + $unknown $12600 | $565 |
2018 | $unknown + $unknown $11700 | $554 |
2017 | $unknown + $unknown $11173 | $524 |
2016 | $unknown + $unknown $9642 | $520 |
2015 | $unknown + $unknown $8887 | $518 |
2014 | $unknown + $unknown $7401 | $514 |
2013 | $unknown + $unknown $7779 | $531 |
2012 | $unknown + $unknown $8526 | $574 |
2011 | $unknown + $unknown $9295 | $610 |
2010 | $unknown + $unknown $11241 | $703 |
2009 | $unknown + $unknown $17168 | $1056 |
2008 | $unknown + $unknown $22489 | $870 |
2007 | $unknown + $unknown $27982 | $984 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.