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.
Roseville is located in Michigan. Roseville, Michigan has a population of 47,617. Roseville is less family-centric than the surrounding county with 22.09% of the households containing married families with children. The county average for households married with children is 29.85%.
The median household income in Roseville, Michigan is $43,341. The median household income for the surrounding county is $58,175 compared to the national median of $57,652. The median age of people living in Roseville is 38.1 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 18.2 degrees. The average rainfall is approximately 33.2 inches per year, with 28.4 inches of snow per year.
