$40,000
SOLD MAY 16, 2025
5 Beds
2 Baths
2,016 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$20 Per Sq Ft

27% Below List Price

68 Days on Market

Highlights

  • Colonial Architecture
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of May 2025

HIGHEST AND BEST DUE 4/4/2025 by 5pm! Welcome to this prime investment opportunity! A spacious 2 family flat in a HIGH-DEMAND AREA! The upper unit features 3 bedrooms and 1 bathroom, while the lower unit offers 2-bedroom 1 bathroom, making it perfect for rental income or multi-generational living. Located just off Grand River Ave, this property is located less than 10 mins from DOWNTOWN DETROIT, and provides easy access to all major freeways.This investors special is PRICE TO SELL and a perfect chance to expand your rental portfolio.

Last Agent to Sell the Property

TIFFANY TIBBS

Keller Williams Home License #6501409966 Listed on: 03/05/2025

Keller Williams Home

Last Buyer's Agent

Reva Lee

Reach Realty Group License #6501388370

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35 x 125

Home Design

  • Colonial Architecture
  • Poured Concrete

Interior Spaces

  • 2 Full Bathrooms
  • 2,016 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 16044486.

Community Details

Overview

  • 2 Units
  • Moore & Veale Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1925
  • Year Renovated: 1925
  • Pets Allowed: Call
  • 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: 2016
  • Total Sq Ft: 2016
  • Sq Ft Total Bsmt: 1008

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Poured
  • Frontage Feet: 35
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35 x 125
  • Parcel Number: 16044486.
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2300

Multi Family

  • Gross Scheduled Income: 27600.00
  • Number Of Units Total: 2
  • Number of Three 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
Mar 5, 2025
Closed on
May 16, 2025
Sold by
Black Jnai
Bought by
Ramirez Raul
Seller's Agent
TIFFANY TIBBS
Keller Williams Home
Buyer's Agent
Reva Lee
Reach Realty Group
List Price
$55,000
Sold Price
$40,000
Premium/Discount to List
-$15,000
-27.27%
Views
43
Current Estimated Value
$50,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,773
Avg. Annual Appreciation
127.59%

Purchase Details

Closed on
Aug 4, 2020
Sold by
The Detroit Land Bank Authority
Bought by
Black Jnai

Purchase Details

Closed on
Jan 13, 2016
Sold by
Wayne County Treasurer
Bought by
Detroit Land Bank Authority

Purchase Details

Closed on
Jan 3, 2008
Sold by
Kennedy Brenda G
Bought by
Us Bank Na and Asset Backed Certificates Series 2005-He
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 $40,000 None Listed On Document
Warranty Deed $40,000 None Listed On Document
Quit Claim Deed $3,500 None Available
Quit Claim Deed -- None Available
Sheriffs Deed $88,954 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $80,750 Fannie Mae Freddie Mac
Previous Owner $10,748 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Sold $40,000 -23.8% $20 / Sq Ft
05/12/2025 05/12/25 Pending -- -- --
05/03/2025 05/03/25 Price Changed $52,500 -4.5% $26 / Sq Ft
03/05/2025 03/05/25 For Sale $55,000 -- $27 / 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
2025 -- $13,300 $0 $0
2024 -- $0 $0 $0
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $50 $0 $0 $0
2016 $340 $0 $0 $0
2015 $50 $500 $0 $0
2013 $263 $9,970 $0 $0
2010 -- $14,285 $596 $13,689
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20250014371

Realcomp

APN: 16-044486