$330000 Price Analysis    ♡   Roseville, 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 |
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. 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 is 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 opportunity in Roseville.
Presented by JONATHAN FOUKES at
Move Realty Llc.
Property MLS #20240048166 from Realcomp
Full Bathrooms: 4
Heating Features: Forced Air
Heating Fuel: Natural Gas
Water Heaters: Natural Gas
Parking Features: 2
Rent Includes: Association Fee, Snow Removal, Trash Collection (Garbage Pickup), Yard Maintenance
Number of 1 Bedroom Units: 4
Map directions Map directions Map directions Map directionsAnnual Tax Amount: 5551
Source Listing Status: Active
County: Macomb
Directions: Enter off of 13 Mile or Masonic, East of Little Mack
Source Property Type: Multifamily
Area: Roseville
Source Neighborhood: MEADOW LANE
Ownership Type: Short Sale - No, Private Owned
Parcel Number: 1403303055
Postal Code Plus 4: 4569
Subdivision: MEADOW LANE
Zoning: Residential
Source System Name: C2C
| 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 |
$330000
Realcomp
Listing removed 2023-08-30
$900
Realcomp
Listing removed 2023-08-08
$0
Realcomp
Relisted 2023-08-07
$900
Realcomp
Listing removed 2023-08-02
$0
Realcomp
Listed for rent 2023-07-12
$900
Realcomp
Listing removed 2021-02-01
$800
Realcomp
Listing removed 2021-01-16
$0
Realcomp
Listed for rent 2021-01-07
$800
Realcomp
Listing removed 2020-05-01
$800
Realcomp
Sold 2019-12-05
$45000
Public Record
Sold 1992-01-17
$41990
Public Record
Operating Expense: 12992.63
Year Built: 1992
Construction Materials: Brick
Foundation Details: Slab
Property Age: 32
Roof: Asphalt
Levels or Stories: 1 Story
House Style: 1 Story
Total Area Sqft: 544
Year Remodeled: 2019
Architectural Style: Ranch
Water Source: Community
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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.