NOT LISTED FOR SALE

Estimated Value: $64,224

Studio
2 Baths
2,016 Sq Ft
$32/Sq Ft Est. Value

Sale Details

Date Sold: May 16, 2025

Last sale price $40,000 $20 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $443 / mo

68 Days on Market

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

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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

  • 2,016 Sq Ft Home
  • Poured Concrete
  • Aluminum Siding

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement

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

4,356 Sq Ft Lot

Listing Details

  • Property Type: ResidentialIncome
  • Year Built: 1925
  • Year Renovated: 1925
  • Pets Allowed: Call
  • Property Sub Type: MultiFamily
  • LotSizeAcres: 0.10
  • Co List Office Mls Id: 312114
  • Above Grade Finished Sq Ft: 2016.00
  • Living Area: 2016.00
  • ClassName: ResidentialIncome
  • ThirdPartyApprovalRequiredYN: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 2

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Poured
  • Construction Materials: AluminumSiding
  • Road Frontage Type: Paved
  • Disclosures: NoRestrictions, ProjectedIncome, TaxesNotHomesteadExempt

Utilities

  • Heating: ForcedAir, NaturalGas
  • Sewer: PublicSewer
  • Water Source: Public

Schools

  • Junior High Dist: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35 x 125
  • Parcel Number: 16044486.
  • Land Lease Expiration Date: 2025-06-05
  • Zoning Description: MultiFamily

Rental Info

  • Monthly Rental Income: 2300.00

Multi Family

  • Gross Scheduled Income: 27600.00
  • Number Of Units Total: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2025
Closed on
May 16, 2025
Sold by
Bought by
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
$64,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,224
Avg. Annual Appreciation
47.42%

Purchase Details

Closed on
Aug 4, 2020
Sold by
Bought by

Purchase Details

Closed on
Jan 13, 2016
Sold by
Bought by

Purchase Details

Closed on
Jan 3, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Grand River-I96, MI

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$40,000 None Listed On Document
$3,500 None Listed On Document
-- None Available
$88,954 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $80,750
Previous Owner $10,748
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,240 $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

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Map

Source: Realcomp

MLS Number: 20250014371

Realcomp

APN: 16-044486

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