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12211 SANTA ROSA Drive Detroit, MI 48204
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Key Details
Sold Price $110,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,450 sqft
Price per Sqft $44
Subdivision Robert Oakmans Cortland & Ford Highway (Plats)
MLS Listing ID 20230099223
Sold Date 05/01/24
Style Colonial
Bedrooms 2
Full Baths 2
Originating Board Realcomp II Ltd
Year Built 1925
Annual Tax Amount $1,691
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35.00 x 108.00
Property Description
Welcome to a lucrative investment opportunity! Each of the two units in this property offers 3 spacious bedrooms and 1 full bath, providing an ideal living space for potential tenants. With a monthly rental rate of $1,300 per unit, the total potential monthly income stands at $2,600, presenting a solid and reliable cash flow for investors. At this rental rate, the property demonstrates a strong return on investment, with an annual potential income of $31,200. This attractive income potential, combined with the property's well-maintained condition and strategic location, positions it as an excellent choice for investors seeking a robust and consistent return.
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Multi-Family,Residential
Direction Santa Rosa between Elmhurst & Oakman.
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Porch Balcony, Porch
Road Frontage Paved, Private
Garage yes
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Water at Street
Architectural Style Colonial
Level or Stories 3 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W16I020838S
Ownership Short Sale - No,Private Owned
Assessment Amount $340
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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Bought with National Realty Centers