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100212 . 12 Home SFR Investment Portfolio Roseville MI - Availability Details

100212 . 12 Home SFR Roseville MI, Roseville, MI 48066

  • For Sale $1,350,000
  • Property Type Multi-Family
  • Property Size 10,869 Sqft
  • Lot Size 2.25 Acre
  • Date Updated Nov 12, 2021
Located in the eastern portion of Michigan, Roseville is part of Detroit’s northwestern suburbs in Macomb County. With over 48,000 residents, Roseville is the fourth largest city in Macomb County. Roseville is an established community featuring a wide variety of residential, commercial, and industrial developments. Although almost fully developed, the city has taken a proactive approach to attract and retain businesses which has led to the reinvestment and expansion of existing properties. Roseville’s population has experienced steady growth of 2.5% since 2010, a trend that is projected to continue through 2025. Roseville’s average household income is $58,303. Approximately 26% of homes have an average household income above $75,000. The average household size is 2.39 and the median age is 40.0. Roseville’s average housing value is $104,399 and the median housing value is $84,670. Nearly 24% of residents age 25 and over have an associate’s or higher and 13% have a Bachelor’s degree or higher. The city is ideally located along both Interstate 94 and 696 and is the gateway to nearly 4 million residents located in the 4-county area. The city is also minutes from key air and seaports and has direct connections to major rain routes serving local, interstate, and international trade routes and destinations. Neighboring communities include St. Clair Shores, Eastpointe, Fraser, Grosse Pointe Woods, Harper Woods, Warren, Grosse Pointe Farms, Sterling Heights, and Mount Clemens.
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Location

  • City Roseville, MI
  • Neighborhood Roseville
  • Zip Code 48066
  • Market Detroit

Contacts

broker

Thomas C. Johnston

SVN | SFRhub Advisors

(602) 403-3695

Highlights

  • For more information visit www.SFRhub.com and search for portfolio 100212
  • High 100% occupancy rate
  • Rental rates throughout the portfolio are 5% below market rates
  • The average price per home in this portfolio is at a hot $112,500
  • Renters occupy over 37% of Roseville’s single-family Housing Market
  • Roseville’s home annual appreciation rate is at 5.56% over the past year
  • Roseville's latest annual appreciation rate is higher than 90% of the other cities and towns in Michigan

Contact Listing Broker

broker

Thomas C. Johnston

SVN | SFRhub Advisors

(602) 403-3695

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