Estimated payment $6,964/month
Fully updated 14-unit multifamily apartment building in the heart of Detroit’s East Side, nestled in the Gratiot-Findlay neighborhood. This
property boasts all new plumbing, electrical, drywall, windows, new mechanicals including AC, and gas lines—ready for long-term, low-maintenance investment.
Strategically located directly behind the Detroit Police Department's 9th Precinct, offering exceptional built-in security. Just steps from
Gratiot Ave with easy access to public transportation, shopping, restaurants, and amenities. The location also provides quick connectivity
to Downtown Detroit. Bonus: an adjacent side lot is available through the City for added development or parking potential. A strong
Property will be finished with construction 6-15-2025. This date can be accelerated with an accepted offer. The two lower two bedroom units are still at studs but 2nd and 3rd floors are just having the finishing touches put on.
opportunity in a growing area!
| 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 | $4,240 | $146,300 | $0 | $0 |
| 2024 | $4,240 | $137,700 | $0 | $0 |
| 2023 | $4,129 | $114,300 | $0 | $0 |
| 2022 | $5,107 | $98,700 | $0 | $0 |
| 2021 | $4,898 | $64,700 | $0 | $0 |
| 2020 | $4,778 | $50,300 | $0 | $0 |
| 2019 | $4,233 | $46,700 | $0 | $0 |
| 2018 | $3,852 | $51,400 | $0 | $0 |
| 2017 | $905 | $48,000 | $0 | $0 |
| 2016 | $4,308 | $47,300 | $0 | $0 |
| 2015 | $4,730 | $47,300 | $0 | $0 |
| 2013 | $4,726 | $47,261 | $0 | $0 |
| 2010 | -- | $50,899 | $3,073 | $47,826 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/11/2025 04/11/25 | For Sale | $1,200,000 | +1500.0% | $180 / Sq Ft |
| 05/29/2024 05/29/24 | Sold | $75,000 | -16.7% | $11 / Sq Ft |
| 03/01/2024 03/01/24 | Pending | -- | -- | -- |
| 02/20/2024 02/20/24 | For Sale | $90,000 | +291.3% | $13 / Sq Ft |
| 03/16/2018 03/16/18 | Sold | $23,000 | -7.6% | $3 / Sq Ft |
| 02/19/2018 02/19/18 | Pending | -- | -- | -- |
| 01/19/2018 01/19/18 | Price Changed | $24,900 | -16.7% | $4 / Sq Ft |
| 12/29/2017 12/29/17 | For Sale | $29,900 | -- | $4 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $75,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | $27,900 | -- | |
| Deed | $23,000 | None Available | |
| Foreclosure Deed | $62,380 | None Available | |
| Warranty Deed | $125,000 | Fidelity Natl Title Ins Co |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $448,000 | Credit Line Revolving | |
| Closed | $333,500 | Credit Line Revolving | |
| Previous Owner | $62,500 | Commercial |
$1,000,000
Welcome to 4470 E Outer Dr, a renovated 2-story, 2-building garden style 18-unit brick apartment building. All units are 1-bed, 1-bath situated on a 13,068 sq ft site with great curb appeal. With 8 agency tenants and 10 cash tenants, this building comes fully occupied and stabilized (over $15,000 gross income per month!) with room yet to increase rents significantly without large capital
Joe Hammel Keller Williams Somerset
Source: Realcomp
MLS Number: 20250024421
APN: 21-010602
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393