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$310,000
Listing Price1beds
4baths
544sqft
--sqft lot
31853 Nardelli Ln, Roseville, MI 48066
Member Features
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Full foreclosure details
Home value, equity and ownership info
Find homes priced below market
Get full access with a FREE Account
Already a member?
For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
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 $950 presenting a straightforward opportunity to re-lease the unit at $900/month or more, boosting the annual gross income to $43, 800. 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.
Interior Details
544
1
4
Has Heating:
Yes
Heating Type:
Forced Air With Air Conditioning
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
N/A
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Ranch
Aluminum/vinyl
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$846
$0
$0
--%
$15,000
2019
$846
$0
$0
--%
$11,900
2018
$392
$0
$0
--%
$11,100
2017
$497
$0
$0
--%
$10,626
2016
$493
$0
$0
--%
$9,171
2014
$487
$0
$0
--%
$7,017
2013
$505
$0
$0
--%
$7,398
2012
$547
$0
$0
--%
$8,130
Average Home Price in 48066
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