For Sale

Listed by Jesse Peeples from SIMPLIHOM

Source: Multiple Listing Service MiRealSource #60989362

12477 Loretto Street, Detroit, MI, 48205

$49,999

2
1359 sq. ft.
0.08 ac.

MultiFam

20 days on the market

What's around 12477 Loretto Street

About this property

Welcome to 12477 Loretto, a prime investment opportunity located in the growing city of Detroit. Whether you're an investor looking to expand your portfolio or a buyer seeking the perfect house-hack opportunity, this property offers strong income potential and long-term upside. This home features 2 bedrooms, each with rental potential of $1,200 per month, generating a total gross monthly income of $2,400, which equals $28,800 annually in projected rental income. With the right management and light improvements, this can become a proven cash-flowing asset. The property does need minor upgrades and cosmetic improvements, making it ideal for investors who want to add value and increase equity quickly. A little work can go a long way in maximizing rents and resale value. Location Highlights: * Convenient access to Downtown Detroit, offering jobs, entertainment, dining, and nightlife * Close to major freeways for easy commuting throughout Metro Detroit * Near public transportation for added tenant convenience * Located within reach of respected local school options and educational resources * Strong rental demand area with continued neighborhood growth potential Perfect For: * Buy-and-hold investors * First-time investors * House hackers looking to live in one unit and offset expenses * Renovators seeking equity upside Don't miss this chance to secure an affordable income-producing property in one of Michigan's most recognized rental markets. 12477 Loretto is your opportunity to build wealth through real estate.

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