31853 Nardelli Ln

Roseville MI 48066

544 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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 property?s uniformity and appeal. Don?t miss out on this lucrative and stable investment opportunity in Roseville.