NOT LISTED FOR SALE
8 Beds
7 Baths
3,612 Sq Ft
6,534 Sq Ft

Last Sold April 20, 2021

Last sale price $215,000 $60 Per Sq Ft

202 Days on Market

About This Home

As of April 2021

Great Investment Opportunity with this 7 unit apartment complex. One unit is a 2b/1b and the remaining 6 are all 1b/1b. There is currently 4 units rented 2 rehabbed and listed for rent with the remaining one getting wrapped up to list for rent. This complex is pretty turn key with mostly all the major rehab work already finished. Currently the rent roll is $1,985. Once the other units are rented the potential rent roll will be close to 4k/month. Owner pays water and tenants pay electric. All the units are electric baseboard heat.

Last Agent to Sell the Property

Nadeem Gebrael

Gebrael Management License #FAAR-122418 Listed on: 08/20/2020

Last Buyer's Agent

Ronnie Alauddin

EXP Realty Main License #6501411264

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1968

Lot Details

  • 6,534

Home Design

  • Ranch Style House
  • Slab Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Full Bathrooms

Additional Features

  • Oven or Range
  • 6,534 Sq Ft Lot
  • Separate Meters

Community Details

  • 7 Units
  • Seven Mile Heights Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1700517880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,125

Year Built

Built in 1968

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Originating MLS: East Central Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 1 Story
  • Styles: Ranch
  • Total Tax Amount: 5125
  • Year Built: 1968
  • Mail City: Detroit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Bedrooms: 8
  • Full Bathrooms: 7
  • Total Bathrooms: 7
  • Source of Sq Ft: Assessors Data

Exterior Features

  • Foundation Type: Slab

Utilities

  • Water: Public Water
  • Fuel Type: Electric
  • Heating System: Electric Heat
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 1700517880
  • Lot Dimensions: 6534
  • Acreage: 0.15
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2019, Amount: $3,632.00
  • Winter Tax: Year: 2019, Amount: $1,492.00
  • Total Tax: Amount: $5,125.00

Multi Family

  • Total Units: 7

MLS Schools

  • School District: Detroit City School District
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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
04/20/2021 04/20/21 Sold $215,000 0.0% $60 / Sq Ft
03/10/2021 03/10/21 Pending -- -- --
01/30/2021 01/30/21 Off Market $215,000 -- --
01/12/2021 01/12/21 Price Changed $239,900 -4.0% $66 / Sq Ft
11/20/2020 11/20/20 Price Changed $249,900 -3.8% $69 / Sq Ft
08/20/2020 08/20/20 For Sale $259,900 -- $72 / Sq Ft
Source: Michigan Multiple Listing Service

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
2025 $6,729 $102,200 $0 $0
2024 $6,780 $96,600 $0 $0
2023 $6,520 $82,400 $0 $0
2022 $6,994 $72,000 $0 $0
2021 $4,191 $49,400 $0 $0
2020 $4,290 $40,700 $0 $0
2019 $5,125 $38,700 $0 $0
2018 $3,491 $38,000 $0 $0
2017 $673 $35,500 $0 $0
2016 $3,214 $20,000 $0 $0
2015 $3,500 $35,000 $0 $0
2013 $7,909 $79,094 $0 $0
2010 -- $85,182 $3,744 $81,438
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50021131

Michigan Multiple Listing Service
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