$32,000
SOLD JUL 17, 2024
3 Beds
2 Baths
1,680 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$19 Per Sq Ft

47% Below List Price

53 Days on Market

Highlights

  • Bungalow
  • Forced Air Heating System
  • Dogs and Cats Allowed
  • Cass Technical High School Rated 10
  • 1 Car Garage

About This Home

As of April 2025

***Investor Special*** This recently vacated multi-family unit is an investor's dream. With a competitive price, this property features a 1-bedroom, 1-bathroom unit upstairs and a 2-bedroom, 1-bathroom unit downstairs. Each unit has a sizeable living room, formal dining room, and its own separate entrance and basement access. The property boasts a large, fenced yard and is conveniently located with easy access to downtown Detroit via Grand River Avenue, or to northern Detroit suburbs via quick connections to I-96 and the Lodge Freeways. With some rehabilitation and updates, this could become a profitable multi-unit rental property. Potential rental income could reach up to $2,000/month, with an after-repair value (ARV) of $119k and higher, based on comparable properties in the same block and surrounding areas.

Last Agent to Sell the Property

Charvez Miles

C Miles Realty LLC License #6502401274 Listed on: 05/13/2024

Last Buyer's Agent

Megan Taylor

License #6501386520

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40.00 x 100.00

Parking

  • 1 Car Garage

Home Design

  • Bungalow
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,680 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W18I006364S

Community Details

Overview

  • 2 Units
  • B E Taylors Southlawn Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1926
  • State Equalized Value: 25800.0000
  • Pets Allowed: Cats OK, Dogs OK
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1680
  • Total Sq Ft: 1680
  • Sq Ft Total Bsmt: 960

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 1

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 40.00 x 100.00
  • Parcel Number: W18I006364S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Tax Info

  • Tax Amount Summer: 939.0000
  • Tax Amount Winter: 110.0000
  • Total Tax: 1049.0000
  • Taxable Value: 11703.0000

Multi Family

  • Number Of Units Total: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Jul 17, 2024
Sold by
Singleton Lula Camille and Clark Kimberley
Bought by
Abh Real Estate Fortune Llc
Seller's Agent
Charvez Miles
C Miles Realty LLC
Buyer's Agent
Megan Taylor
List Price
$59,900
Sold Price
$32,000
Premium/Discount to List
-$27,900
-46.58%
Total Days on Market
53
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
238.01%
Original Mortgage
$150,000
Outstanding Balance
$148,725
Interest Rate
6.95%
Mortgage Type
Construction
Estimated Equity
-$56,401

Purchase Details

Closed on
Jun 22, 2017
Sold by
The Detroit Land Bank Authorty
Bought by
Singleton Lula

Purchase Details

Closed on
Feb 7, 2013
Sold by
Wayne County Treasurer
Bought by
Planning & Development Dept City Of Detr
Source: Public Records

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Range of Values:

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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 $32,000 None Listed On Document
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $78,750 New Conventional
Open $150,000 Construction
Closed $150,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Sold $105,000 -8.7% $73 / Sq Ft
03/27/2025 03/27/25 Pending -- -- --
01/27/2025 01/27/25 For Sale $115,000 +259.4% $80 / Sq Ft
07/17/2024 07/17/24 Sold $32,000 -13.5% $19 / Sq Ft
07/05/2024 07/05/24 Pending -- -- --
06/28/2024 06/28/24 Price Changed $37,000 -25.9% $22 / Sq Ft
06/05/2024 06/05/24 Price Changed $49,900 -16.7% $30 / Sq Ft
05/13/2024 05/13/24 For Sale $59,900 -- $36 / 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 $845 $32,300 $0 $0
2023 $819 $25,800 $0 $0
2022 $902 $19,400 $0 $0
2021 $998 $16,100 $0 $0
2020 $868 $14,100 $0 $0
2019 $854 $11,400 $0 $0
2018 $770 $10,200 $0 $0
2017 $600 $0 $0 $0
2016 $340 $0 $0 $0
2015 $600 $0 $0 $0
2013 $600 $5,995 $0 $0
2010 -- $8,590 $518 $8,072
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240032452

Realcomp

APN: 18-006364