12477 Loretto Street Detroit, MI $ 49,999
12477 Loretto Street
$ 49,999
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12477 Loretto Street

Detroit, MI, 48205
$ 49,999
Bedrooms2 Baths2.0 Sq 1,359

Monthly Estimate*

$ 308

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Multi-Family Home for sale in Detroit, MI

for $49,999 with 2 bedrooms and 2 full baths. This 1,359 square foot home was built in 1927 on a lot size of 0.08.

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.

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Multi-Family Active

Price

$ 49,999

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,476

Style

Traditional

Lot Size

0.08

Year Built

1927

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261030806

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Traditional
Pool Features None
Construction Materials Brick VinylSiding
Exclusions Exclusion(s) Do Not Exist
Pets Allowed Yes
Year Built 1927
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 0.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name J S VISGERS LORETTO
Garage Y/N N
Full Baths 2
Status Active
Directions From downtown right on Loretta from Gratiot
City DetroitCity_Wayne
Disclosures ExclusionsDoNotExist ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Residential
Number Of Units Total 2
MLS Area Area05055DetConMorsGratHstn7Mack
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 1476.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 15155
Expected Active Date 2026-05-03
Legal Description N LORETTO 150 J S VISGERS LORETTO SUB L18 P67 PLATS W C R 21/436 30 X 110
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1359.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 30X110
Lot Size Acres 0.08
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 12477
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* Excluded Features
List By
Jesse Peeples

Listing Agent

Simplihom

Broker

(313) 658-5868

Phone

Affordability Calculator

$431
Per Month
71%
29%
0%
Monthly Principal & Interest
$308
Monthly Property Taxes
$123
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/3/2026$49,999 Listed Price

Map


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12477 Loretto Street, Detroit, MI, 48205 is a Multi-Family Home for sale at $49,999 with 1,359 sqft and a lot size of 0.08. 12477 Loretto Street has 2 bedrooms, 2.0 baths, and was built in 1927. The property's zip code is 48205 which is in Detroit, MI