$162,000
SOLD OCT 31, 2024

10 E Pleasant St River Rouge, MI 48218

5 Beds
3 Baths
2,708 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$60 Per Sq Ft

5% Above List Price

26 Days on Market

Highlights

  • Covered patio or porch
  • Awning
  • Forced Air Heating System

About This Home

As of October 2024

Check out this fantastic investment opportunity in River Rouge! This fully rented triplex is a cash-flowing gem, ideal for investors looking to expand their portfolio. With two spacious two-bedroom units and one cozy one-bedroom unit, each with private entrances and separate utilities (except water), this property is designed for ease of management. Tenants are responsible for water costs in addition to rent, and all units feature private basements and decks, offering desirable living spaces. Convenient on-street parking adds to the appeal. Don't miss your chance to own this income-generating property!

Last Agent to Sell the Property

Michael Allen

National Realty Centers, Inc License #6501394767 Listed on: 09/20/2024

National Realty Centers, Inc

Co-Listed By

Brendan Madigan

National Realty Centers, Inc License #6501454819

Last Buyer's Agent

Adrienne Ponce

License #6501439342

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 49.50 x 59.60

Home Design

  • Triplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 3 Full Bathrooms
  • 2,708 Sq Ft Home
  • 2-Story Property
  • Awning
  • Unfinished Basement

Outdoor Features

  • Covered patio or porch

Utilities

  • Forced Air Heating System
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 50007120004000

Community Details

Overview

  • 3 Units
  • Raupps And Oulmann Resub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex
  • Architecture Level: 2 Story
  • Year Built: 1922
  • State Equalized Value: 46400.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished, Private
  • Sq Ft Combined: 2708
  • Total Sq Ft: 2708
  • Sq Ft Total Bsmt: 1344

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Awning/Overhang(s)
  • Foundation Materials: Block
  • Frontage Feet: 49
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air, Gravity
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: River Rouge

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 49.50 x 59.60
  • Parcel Number: 50007120004000
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2325

Tax Info

  • Tax Amount Summer: 3189.0000
  • Tax Amount Winter: 1406.0000
  • Total Tax: 4595.0000
  • Taxable Value: 46400.0000

Multi Family

  • Gross Scheduled Income: 27900.00
  • Number Of Units Total: 3
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 3

MLS Schools

  • School District: River Rouge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2024
Closed on
Oct 31, 2024
Sold by
Kulkarni Chandrakant
Bought by
Thriving And Achieving Llc
Seller's Agent
Michael Allen
National Realty Centers, Inc
Buyer's Agent
Adrienne Ponce
List Price
$155,000
Sold Price
$162,000
Premium/Discount to List
$7,000
4.52%
Total Days on Market
26
Views
42
Current Estimated Value
$166,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,105
Avg. Annual Appreciation
4.41%
Original Mortgage
$129,600
Outstanding Balance
$128,828
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$37,277

Purchase Details

Listed on
Apr 27, 2022
Closed on
Jun 22, 2022
Sold by
Muneer and Rukhsana
Bought by
Kulkarni Chandrakant
Seller's Agent
Kevin Sabuda
Metropolitan Real Estate
Buyer's Agent
Michael Allen
Keller Williams Paint Creek
List Price
$140,000
Sold Price
$130,000
Premium/Discount to List
-$10,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.77%
Original Mortgage
$97,500
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2020
Closed on
Sep 28, 2020
Sold by
Smith Miranda and Gravel Paul
Bought by
Muneer Sajid and Sajid Rukhsan
Seller's Agent
Jeff Glover
KW Professionals
Buyer's Agent
Muhammad Saleem
Onyx Real Estate Solutions
List Price
$64,900
Sold Price
$75,500
Premium/Discount to List
$10,600
16.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.90%
Original Mortgage
$56,625
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2014
Sold by
Gravel Miranda E
Bought by
Gravel Paul and Gravel Miranda E

Purchase Details

Closed on
Apr 29, 2002
Sold by
Gravel Paul
Bought by
Gravel Miranda E
Source: Public Records

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Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $162,000 Alliance Title
Warranty Deed $162,000 Alliance Title
Warranty Deed $130,000 First American Title
Warranty Deed $75,500 Fidelity National Ttl Group
Interfamily Deed Transfer -- Attorney
Deed $90,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $129,600 New Conventional
Closed $129,600 New Conventional
Previous Owner $97,500 New Conventional
Previous Owner $56,625 New Conventional
Previous Owner $56,625 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $162,000 +4.5% $60 / Sq Ft
10/16/2024 10/16/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $155,000 +19.2% $57 / Sq Ft
06/22/2022 06/22/22 Sold $130,000 -7.1% $48 / Sq Ft
04/27/2022 04/27/22 For Sale $140,000 +85.4% $52 / Sq Ft
09/29/2020 09/29/20 Sold $75,500 +16.3% $28 / Sq Ft
07/17/2020 07/17/20 For Sale $64,900 -- $24 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,347 $60,000 $0 $0
2023 $3,189 $46,400 $0 $0
2022 $3,058 $35,400 $0 $0
2021 $2,964 $29,500 $0 $0
2020 $6,524 $25,000 $0 $0
2019 $1,401 $22,600 $0 $0
2018 $4,146 $21,900 $0 $0
2017 $1,437 $22,400 $0 $0
2016 $3,569 $23,200 $0 $0
2015 $2,960 $29,600 $0 $0
2013 $4,600 $47,200 $0 $0
2012 $5,886 $46,800 $3,300 $43,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240070641

Realcomp

APN: 50-007-12-0004-000