$232,650
SOLD APR 25, 2025
8 Beds
4.5 Baths
3,658 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$64 Per Sq Ft

11% Below List Price

86 Days on Market

About This Home

As of April 2025

INVESTMENT OPPORTUNITY!!!Solid brick, 4unit apartment building for sale. Each unit consists of living room, kitchens, 2 bedrooms and full bath. All units are identical in layouts. This building is poised to bring in a yearly income. Separate electric and gas for each unit. One water meter for the building. This building is perfect for a buy and hold investor looking to start with a multi-family project in Detroit! Each unit has been freshly painted.
Tenant occupied, do not disturb tenant. Showings and inspections will be scheduled only upon accepted offer.

Last Agent to Sell the Property

Renae Palmer

Real Estate Management Specialists Inc License #6501349805 Listed on: 09/23/2024

Last Buyer's Agent

Nicholas Zeoli

Real Broker LLC License #6501399249

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 70.00 x 115.00

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3,658 Sq Ft Home
  • 2-Story Property
  • Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • 4 Units
  • John M Welchs Mayview Sub No 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W22I020551C2
  • $2,350 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,573

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1925
  • State Equalized Value: 27000.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Sq Ft Combined: 3658
  • Total Sq Ft: 3658
  • Sq Ft Total Bsmt: 1829

Exterior Features

  • Foundation Details: Michigan Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.19
  • Lot Dimensions: 70.00 x 115.00
  • Parcel Number: W22I020551C2
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Snow Removal, Trash Collection, Water
  • Monthly Rental Income: 3252

Tax Info

  • Tax Amount Summer: 2319.0000
  • Tax Amount Winter: 254.0000
  • Total Tax: 2573.0000
  • Taxable Value: 27000.0000

Multi Family

  • Gross Scheduled Income: 39024.00
  • Number Of Units Total: 4
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 3

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2024
Closed on
Apr 25, 2025
Sold by
Nine Green Flm Group Llc
Bought by
Khan Abid and Syed Muqsid A
Seller's Agent
Renae Palmer
Real Estate Management Specialists Inc
Buyer's Agent
Nicholas Zeoli
Real Broker LLC
List Price
$260,000
Sold Price
$232,650
Premium/Discount to List
-$27,350
-10.52%
Views
156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.37%
Original Mortgage
$197,752
Outstanding Balance
$197,578
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$29,536

Purchase Details

Listed on
Mar 23, 2023
Closed on
Jun 19, 2023
Sold by
Wen Yvonne Lim Yi
Bought by
Nine Green Flm Group Llc
Seller's Agent
Joe Hammel
Keller Williams Somerset
Buyer's Agent
Angie Sierra
RE/MAX City Centre
List Price
$209,900
Sold Price
$203,000
Premium/Discount to List
-$6,900
-3.29%
Views
206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Original Mortgage
$152,250
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 21, 2022
Closed on
May 18, 2022
Sold by
Olin Johnson
Bought by
Kim Yvonne
Seller's Agent
Joe Hammel
Keller Williams Somerset
Buyer's Agent
Michael Helfant
Keller Williams Somerset
List Price
$195,000
Sold Price
$191,000
Premium/Discount to List
-$4,000
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%

Purchase Details

Closed on
Nov 21, 2014
Sold by
United Cash Corp
Bought by
Control Holdings Llc

Purchase Details

Closed on
Jul 18, 2012
Sold by
Nambiar Jaywant and Nambiar Renuka
Bought by
Cash Deal America

Purchase Details

Closed on
Jul 2, 2012
Sold by
Cash Deal America
Bought by
United Cash Llc

Purchase Details

Closed on
Oct 10, 2008
Sold by
Inland Empire Properties Llc
Bought by
Nambiar Jaywant

Purchase Details

Closed on
Jul 26, 2002
Sold by
Hill Windall D
Bought by
Hill Shantay T
Source: Public Records

Similar Homes in the area

  • 21797 Moross Rd, Grosse Pointe, MI 48236

    $200,000

    • 6 Beds
    • 2 Baths
    • 2,256 Sq Ft
    • 21797 Moross Rd
    • Grosse Pointe, MI

    This charming brick duplex in Grosse Pointe is a fantastic investment opportunity, offering two spacious side-by-side units included in the sale. Each two-story unit features its own private basement, three bedrooms, and a full bath upstairs. The bright entry living rooms boast rich hardwood floors and classic coved ceilings, flowing into traditional dining rooms and roomy kitchens with plenty of

    Jim Shaffer Good Company

    Section Image
  • 3329 Waverly St, Detroit, MI 48238

    $185,000

    • 6 Beds
    • 3 Baths
    • 2,600 Sq Ft
    • 3329 Waverly St
    • Detroit, MI

    Opportunity awaits in this fully renovated two family flat one block from the beautiful Zussman park and playground. Through the Strategic Neighborhood Fund, the City of Detroit is infusing the area with millions of dollars to improve the community along Dexter. This includes expanding the sidewalks, investing in commercial properties, parks, and more. The Livernois Fashion District is a

    Justin Bercheny Max Broock, REALTORS-Royal Oak

    Section Image
  • 3330 Sturtevant St, Detroit, MI 48206

    $219,900

    • 6 Beds
    • 2 Baths
    • 2,630 Sq Ft
    • 3330 Sturtevant St
    • Detroit, MI

    Feel the history of this fully renovated 1924 brick duplex when you step in the front doors and see the original herringbone tile in the foyer. As you enter the units, you'll be walking on the original red oak hardwood floors that were recently sanded and stained. The herringbone designed is carried through the house as seen on the tile backsplashes in both kitchens as well as the accent wall on

    Mark Kwiatkowski Powell Real Estate

    Section Image
  • 7051 Joy Rd, Detroit, MI 48204

    $210,000

    • 8 Beds
    • 4 Baths
    • 3,762 Sq Ft
    • 7051 Joy Rd
    • Detroit, MI

    This is a great opportunity to own a fully rented multi unit rental property in the city of Detroit. The tenants are all month to month leases, and all of them have been long-term, which is why the rents are so low. The building is in good condition with no known needed repairs. all four units have two bedrooms and one bathroom each. there is the laundry room in the basement. All furnaces and hot

    Clifford Rockefeller Rockefeller Realty

    Section Image
  • 14861 Saint Marys St, Detroit, MI 48227

    $257,900

    • 6 Beds
    • 2 Baths
    • 2,500 Sq Ft
    • 14861 Saint Marys St
    • Detroit, MI

    14861 Saint Marys a beautiful brick 2 unit in the heart of Detroit's west side. This home offers modern s charm, and excellent income potential. Perfect for investors or owner-occupants looking to live in one unit and rent the other!Sleek, modern kitchens , and brand-new stainless steel appliancesSpacious living and dining areas with custom accent walls and contemporary

    Reginald Perryman KW Metro

    Section Image
  • 3025 Tuxedo St, Detroit, MI 48206

    $190,000

    • 6 Beds
    • 2.5 Baths
    • 2,548 Sq Ft
    • 3025 Tuxedo St
    • Detroit, MI

    Beautifully renovated, huge brick duplex with two 3 bedroom units, both rented for $1,100/mo for a total of $2,200/mo gross rental income. Both units boast well-maintained hardwood floors, generously sized kitchens, and separate gas and electric utilities. The expansive living and dining rooms offer plenty of space. Additionally, the property includes a 2-car garage. Located just outside of

    Larry Else Downtown Realty

    Section Image
  • 2683 Sturtevant St, Detroit, MI 48206

    $220,000

    • 8 Beds
    • 5 Baths
    • 4,876 Sq Ft
    • 2683 Sturtevant St
    • Detroit, MI

    Attention investors. Check out this fantastic 4-Plex located in Dexter Linwood. Each unit is in good shape and feature 2 bedrooms and 1 bath, plus a divided basement. Currently 3 of the 4 units are rented. Two of the units are paying $650. The 3rd is paying $895. The remaining unit is currently vacant and pretty much ready to rent out.. This property can provide a long term solution to generate

    David Rabior Clyde Realty LLC

    Section Image
  • 2701 Tuxedo St, Detroit, MI 48206

    $249,900

    • 6 Beds
    • 2 Baths
    • 2,624 Sq Ft
    • 2701 Tuxedo St
    • Detroit, MI

    TOP KNOCH FULLY RENOVATED! 2 STORY BRICK DUPLEX RARE FIND NEAR CORK TOWN! DETROIT DOWNTOWN! PURE CASHFLOW POTENTIAL, ROOM FOR ANOTHER STUDIO ON THE TOP LARGE ATTIC! 3 BD, 1 BTH EACH SIDE! HARDWOOD ALL THROUGHOUT, UPDATED KITCHEN, BATHS, UPDATED AND SEPARATED PLUMBING, ELECTRICAL, AND FURNACE, MOVE IN READY! LIVE IN ONE FOR FREE BY RENTING THE OTHER IDENTICAL UNIT!! TOP TO BOTTOM BRAND NEW

    Mayre Cruz Sanchez KW Professionals

    Section Image
  • 7910 Wetherby St, Detroit, MI 48210

    $250,000

    • 8 Beds
    • 4 Baths
    • 3,120 Sq Ft
    • 7910 Wetherby St
    • Detroit, MI

    Vacant and ready to go! Don’t miss this incredible opportunity to own a true cash-flowing asset in Detroit. Spacious 4-unit multifamily property in the heart of Detroit—an excellent opportunity to add a true cash cow to your portfolio. This two-story townhouse-style building offers solid bones and strong rental potential. Each unit features generous square footage with practical layouts. Perfect

    Berkeley Champlin MI House of Detroit LLC

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $232,650 Embassy Title Agency
Warranty Deed $203,000 None Listed On Document
Warranty Deed $191,000 None Listed On Document
Quit Claim Deed $52,000 Excel Title Agency Llc
Warranty Deed $100,000 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

Date Status Loan Amount Loan Type
Open $197,752 New Conventional
Previous Owner $152,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 Sold $232,650 -10.5% $64 / Sq Ft
12/18/2024 12/18/24 Pending -- -- --
12/13/2024 12/13/24 Under Contract -- -- --
09/23/2024 09/23/24 For Sale $260,000 0.0% $71 / Sq Ft
08/23/2024 08/23/24 For Rent $850 0.0% --
06/23/2023 06/23/23 Sold $203,000 -3.3% $55 / Sq Ft
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
05/04/2022 05/04/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $195,000 -- $53 / 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
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

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240070329

Realcomp

APN: 22-0205512