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$49,999

For Sale

5 hours ago

12477 Loretto Street, Detroit, MI

House

MLS® 20261030806

0 Bed

2 Bath

1359 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 1359 sqft
Garage 
Taxes $1,476
Days Active 0
Lot Size 
Approx. Age 1927
Avg. Price Per Sqft $36
MLS® Number 20261030806

Property Address: 12477 Loretto Street, Detroit, MI, 48205

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number20261030806
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1927
BasementFull, Unfinished
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 3, 2026List Date
$49,999List Price
  • Commute

Commute

Starting Address
Destination Address
12477 Loretto Street, Detroit, MI

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