$275,000

Estimated payment $1,868/month

Total Views 22
-- Bed
4 Baths
3,658 Sq Ft
$75 Price per Sq Ft

About This Home

Turnkey 4-unit investment opportunity in Detroit, 3 of 4 units currently occupied. All four units are identical 2-bedroom/1-bath layouts — two leased at $1,000/month, one at $950/month, and the fourth in the process of being leased at $1,000/month and set to be occupied prior to closing, bringing total gross rent to $3,950/month ($47,400/year). All tenants pay cash and have a consistent on-time payment history, with low turnover across the building. Major capital items have been addressed, including a newer furnace, roof, windows, and hot water tank, and the vacant unit has been freshly painted with new carpet and is move-in ready. A private, fenced backyard and separate utilities per unit round out this stabilized, cash-flowing addition to any rental portfolio.

Listing Agent

Nicholas Zeoli

Real Broker, LLC License #6501399249 Listed on: 07/16/2026

Real Broker, LLC

Co-Listing Agent

Mohamad Kahala

Real Broker, LLC License #6501456321

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925 | Remodeled in 2026

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 70x115
  • Back Yard Fenced

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 4 Full Bathrooms
  • 3,658 Sq Ft Home
  • Entrance Foyer
  • Laundry in unit
  • Basement

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number W22I020551C2

Community Details

Overview

  • 4 Units
  • John M Welchs Mayview Sub 2 Subdivision

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,492

Year Built

Built in 1925 | Remodeled in 2026

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Type: ResidentialIncome
  • Year Built: 1925
  • State Equalized Value: 41400.00
  • Year Renovated: 2026
  • Pets Allowed: SizeLimit, Yes
  • Property Sub Type: MultiFamily
  • LotSizeAcres: 0.19
  • Co List Office Mls Id: 431497
  • Co List Office Phone: 8554500442
  • Co List Office Mls Id: 431497
  • Above Grade Finished Sq Ft: 3658.00
  • Living Area: 3658.00
  • ClassName: ResidentialIncome
  • Special Features: None

Interior Features

  • Interior Amenities: EntranceFoyer
  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 4

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Poured
  • Construction Materials: Brick
  • Road Frontage Type: Paved
  • Fencing: BackYard, Fenced
  • Disclosures: ActualIncome, AnnualPropertyOperatingDataNotAvailable, LegalRentalCertified, ExclusionsDoNotExist, NoRestrictions, TaxesNotHomesteadExempt
  • Exclusions: Exclusion(s) Do Not Exist
  • Roof: Asphalt

Garage/Parking

  • Garage: No

Utilities

  • Cooling: CentralAir, SeparateMeters, WindowUnits
  • Heating: ForcedAir, NaturalGas
  • Sewer: PublicSewer
  • Water Heater Fuel: NaturalGas
  • Water Source: Public
  • Laundry Features: InUnit
  • Electric: CircuitBreakers

Fee Information

  • Operating Expense: 7500.00

Schools

  • Junior High Dist: Detroit

Lot Info

  • Lot Dimensions: 70X115
  • Parcel Number: W22I020551C2
  • Land Lease Expiration Date: 2027-01-06
  • Zoning Description: MultiFamily

Rental Info

  • Rent Includes: MaintenanceOffSite, SnowRemoval, TrashCollection
  • Monthly Rental Income: 2950.00

Tax Info

  • Tax Amount Summer: 2782.00
  • Tax Amount Winter: 1710.00
  • Tax Annual Amount: 4492.00

Multi Family

  • Gross Scheduled Income: 35400.00
  • Number Of Units Total: 4
  • Above Grade Finished Area Units: SquareFeet

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $2,782 $41,400 $0 $0
2024 $2,751 $33,200 $0 $0
2023 $2,319 $27,000 $0 $0
2022 $732 $23,800 $0 $0
2021 $716 $17,200 $0 $0
2020 $715 $15,100 $0 $0
2019 $707 $15,100 $0 $0
2018 $736 $17,900 $0 $0
2017 $96 $21,200 $0 $0
2016 $785 $5,900 $0 $0
2015 $590 $5,900 $0 $0
2013 $736 $7,362 $0 $0
2010 -- $10,548 $1,282 $9,266
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 Prior Sale
07/16/2026 07/16/26 For Sale $275,000 +18.2% $75 / Sq Ft
04/25/2025 04/25/25 Sold $232,650 -10.5% $64 / Sq Ft View Prior Sale
12/18/2024 12/18/24 Pending -- -- --
09/23/2024 09/23/24 For Sale $260,000 +28.1% $71 / Sq Ft
06/23/2023 06/23/23 Sold $203,000 -3.3% $55 / Sq Ft View Prior Sale
04/19/2023 04/19/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $209,900 +9.9% $57 / Sq Ft
05/18/2022 05/18/22 Sold $191,000 -2.1% $52 / Sq Ft View Prior Sale
05/04/2022 05/04/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $195,000 -- $53 / Sq Ft
Source: Realcomp

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 Type Sale Price Title Company
Warranty Deed $232,650 Embassy Title Agency
Warranty Deed $203,000 None Listed On Document
Warranty Deed $191,000 None Listed On Document
Warranty Deed $100,000 Excel Title Agency Llc
Quit Claim Deed $52,000 Excel Title Agency Llc
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Corporate Deed $60,000 Title Source Inc
Deed -- --
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 Loan Amount Loan Type
Open $197,752 New Conventional
Previous Owner $152,250 New Conventional
Source: Public Records

Source: Realcomp

MLS Number: 20261055120

Realcomp

APN: 22-0205512

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