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12477 Loretto Street, Detroit, MI 48205 (Sold on )

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 $49,999

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  • 0 BedBeds
  • 2 BathBaths
  • 1,359 SqftSqft
  • TypeMulti Family
  • Active
  • MLS# 20261030806

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Property Description

Welcome to 12477 Loretto, a prime investment opportunity located in the growing city of Detroit. Whether youre 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 Dont miss this chance to secure an affordable income-producing property in one of Michigans most recognized rental markets. 12477 Loretto is your opportunity to build wealth through real estate.


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Property Details 12477 Loretto Street, Detroit, MI 48205

General

  • MLS#: 20261030806
  • Property Type: Multi Family
  • Property Sub Type: Multi Family
  • List Date: 05/03/2026
  • Year Built: 1927
  • Area: 05055 - Det Con-Mors/Grat. Hstn/7 Mack
  • Subdivision: J S VISGERS LORETTO
  • County: Wayne
  • Full Bath: 2
  • Total Baths: 2
  • Annual Property Taxes: $1,476

Exterior Features

  • Pool Type: None

Schools

  • School District: Detroit

Structure

  • Style: Traditional
  • Foundation: Basement, Block
  • Style: Traditional
  • Basement Type: Full, Unfinished
  • Construction Materials: Brick, Vinyl Siding

Size & Lot

  • Sq.Ft.: 1,359
  • Acres: 0.0800
  • Lot Dimensions: 30X110

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Heating Fuel: Forced Air, Natural Gas

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