$250,000
$15K PRICE DROP

Estimated payment $1,482/month

Total Views 9,056
6 Beds
4.5 Baths
3,328 Sq Ft
$75 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Dogs and Cats Allowed

About This Home

This quadplex offers an incredible investment opportunity with current rental income and value-add potential. Two of the four units are tenant-occupied, providing immediate cash flow. The third 1-bed unit is nearly move in ready while the 3-bed unit requires TLC prior to renting. The highlight of the property is a unique on-site bar / open retail space, perfect for creating a communal or entertainment space to attract tenants or as a standalone revenue stream.

Listing Agent

Alec Casal

New Era Real Estate LLC License #6501442301 Listed on: 01/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,035

Year Built

  • Built in 1926

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 40 x 100

Parking

  • 5 Parking Spaces

Home Design

  • Slab Foundation

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 21003289.

Community Details

Overview

  • 4 Units
  • Warren Park No 1 Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,035

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1926
  • State Equalized Value: 34700.0000
  • Year Renovated: 1926
  • Pets Allowed: Cats OK, Dogs OK
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Sq Ft: 3328

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 5

Utilities

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

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: 40 x 100
  • Parcel Number: 21003289.
  • Zoning: Multi-Family

Rental Info

  • Deposit Amount: 80000.00
  • Monthly Rental Income: 1200

Tax Info

  • Tax Amount Summer: 2035.0000
  • Total Tax: 2035.0000
  • Taxable Value: 34700.0000

Multi Family

  • Gross Scheduled Income: 14400.00
  • Number Of Units Total: 4

MLS Schools

  • School District: Detroit

Map

Range of Values:

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Value Increase
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Percent Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2025 07/10/25 For Sale $250,000 0.0% $75 / Sq Ft
04/10/2025 04/10/25 Pending -- -- --
02/04/2025 02/04/25 Price Changed $250,000 -5.7% $75 / Sq Ft
01/15/2025 01/15/25 For Sale $265,000 -- $80 / Sq Ft
Source: Realcomp

Source: Realcomp

MLS Number: 20250003193

Realcomp

APN: 21003289.