31853 Nardelli Ln, Roseville, Michigan, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$310,000

31853 Nardelli Ln
Roseville, Michigan, United States

4bd 4ba

Listed By: Realtyww Info

Listed On: 09/09/2024

Listing ID: GL11266025 View More Details

Description

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 propertys uniformity and appeal. Dont miss out on this lucrative and stable investment opportunity in Roseville.

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Listed by: Jonathan Foukes