$535,000
SOLD AUG 1, 2025
16 Beds
8 Baths
7,014 Sq Ft
14,375 Sq Ft Lot

Recently Sold

$76 Per Sq Ft

14% Below List Price

106 Days on Market

Highlights

  • 0.33 Acre Lot
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of August 2025

This fantastic multifamily zoned commercial property offers an exceptional opportunity for investors looking to expand their portfolio or generate steady rental income. This property features 8 well-maintained units. With a strong rental history and high demand in the area, this is a prime investment opportunity. The flexible zoning allows for a variety of uses, adding even more value for future development or growth. Whether you're looking to generate consistent rental income or explore potential for redevelopment, this property is an ideal choice. Schedule your showing today!

Last Agent to Sell the Property

Future Davis

EXP Realty Main License #6501382733 Listed on: 02/11/2025

EXP Realty Main

Last Buyer's Agent

TaMia Hairston

KW Metro License #6501404238

KW Metro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1955

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 100x119x111x120

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Rubber Roof

Interior Spaces

  • 8 Full Bathrooms
  • 7,014 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number W22I124729S

Community Details

Overview

  • 8 Units
  • Grayton Park Manor Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,029

Year Built

Built in 1955

Lot Details

0.33 Acres

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Townhouse
  • Architecture Level: 2 Story
  • Assessment: 100.00
  • Year Built: 1955
  • State Equalized Value: 189900.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Basement: Yes
  • Basement Type: Interior Entry, Unfinished
  • Total Sq Ft: 7014

Exterior Features

  • Roof Material: Asphalt, Rubber
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Carport, On Street

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Water at Street

Lot Info

  • Lot Size Area: 0.33
  • Lot Dimensions: 100x119x111x120
  • Parcel Number: W22I124729S
  • Zoning: Commercial

Rental Info

  • Monthly Rental Income: 7200

Tax Info

  • Tax Amount Summer: 8079.0000
  • Tax Amount Winter: 950.0000
  • Total Tax: 9029.0000
  • Taxable Value: 105915.0000

Multi Family

  • Gross Scheduled Income: 86400.00
  • Number Of Units Total: 8

MLS Schools

  • School District: Detroit
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2025 08/01/25 Sold $535,000 -10.8% $76 / Sq Ft
05/28/2025 05/28/25 Pending -- -- --
02/11/2025 02/11/25 Price Changed $600,000 -3.2% $86 / Sq Ft
02/11/2025 02/11/25 For Sale $620,000 +77.1% $88 / Sq Ft
03/25/2019 03/25/19 Sold $350,000 0.0% $50 / Sq Ft View Prior Sale
03/15/2019 03/15/19 Pending -- -- --
03/05/2019 03/05/19 For Sale $349,900 -- $50 / Sq Ft
Source: Realcomp

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 $8,145 $201,500 $0 $0
2024 $7,979 $189,900 $0 $0
2023 $7,866 $157,800 $0 $0
2022 $8,715 $138,300 $0 $0
2021 $7,509 $93,000 $0 $0
2020 $6,507 $72,400 $0 $0
2019 $2,986 $68,300 $0 $0
2018 $2,552 $79,600 $0 $0
2017 $592 $75,800 $0 $0
2016 $2,850 $75,800 $0 $0
2015 $3,082 $75,800 $0 $0
2013 $6,842 $75,838 $0 $0
2010 -- $75,838 $5,021 $70,817
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20250008840

Realcomp

APN: 22-124729.

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