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12477 Loretto, Detroit, MI 48205

Detroit
Local realty services provided by:CENTURY 21 Realty North
12477 Loretto,Detroit, MI 48205
$49,999
  • - Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jesse peeples
Office: simplihom
MLS#:60989362
Source:MI_REALSOURCE

Price summary

  • Price:$49,999

About this home

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...

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Home facts

  • Year built:1927
  • Listing ID #:60989362
  • Added:46 day(s) ago
  • Updated:May 16, 2026 at 10:19 AM

Rooms and interior

  • Total bathrooms:2
  • Full bathrooms:2
  • Basement Description:Block

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1927
  • Lot area:0.08 Acres
  • Construction Materials:Brick, Vinyl Siding
  • Foundation Description:Basement, Block
  • Levels:2 Story

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$49,999
  • Tax amount:$1,476

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