31853 NARDELLI Lane, Roseville, MI 48066

bathrooms 4
parkingSpaces 2
|Other
INR ₹25,924,696
USD $310,000
Published on: 09 Jul 2024
Last updated on: 17 Sep 2024
31853 NARDELLI Lane, Roseville, MI 48066
31853 NARDELLI Lane, Roseville, MI 48066
31853 NARDELLI Lane, Roseville, MI 48066
+30
31853 NARDELLI Lane, Roseville, MI 48066
  • 30
Property ID: 110093055975
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Ranch - Roseville, MI

31853 NARDELLI Lane, Roseville, MI 48066
 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.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Parking Spaces
2
Building Size
544.00 sq ft
Year Built
1992
Rooms
4 bathroom(s)
Architecture Style
Ranch
Num Floors
1
Year Updated
2019
County
Macomb
Parcel ID
1403303055
Provider
Move Realty
Subdivision
MEADOW LANE
Brokerage Office Name
Move Realty
Brokerage Office Phone
(586) 405-2327
Neighbourhoods
Roseville
Address
31853 NARDELLI Lane, Roseville, MI 48066

Nearby Schools

TypeSchool nameDistrict name
ElementaryNot availableRoseville
HighNot availableRoseville
JuniorhighNot availableRoseville
MiddleNot availableRoseville
Contact Agent
Jonathan E Foukes
6230 Christopher Court, Bruce Twp, MI 48065
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Jonathan E Foukes
6230 Christopher Court, Bruce Twp, MI 48065
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      Property ID: 110093055975

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