$520,000
SOLD DEC 24, 2024 RENTED APR 24, 2025
-- Bed
-- Bath
3,700 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$141 Per Sq Ft

5% Below List Price

14 Days on Market

Highlights

  • 1 Fireplace
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of December 2024

Nestled in Detroit's transforming North End, this tenant-occupied quadplex is a prime investment opportunity. With over $65M in local development, including ''The North End Neighborhood Framework Vision,'' the area is thriving. The property features two 2-bedroom and two 3-bedroom units, each upgraded with modern plumbing, electrical, HVAC, flooring, and roofing. Units come equipped with a stove, fridge, and dishwasher, while the basement offers washers, dryers, and storage. Four gated off-street parking spaces add value. Located less than 10 minutes from downtown Detroit and just 5 minutes from Midtown, this property is a rare chance to invest in a high-demand, up-and-coming neighborhood.

Last Agent to Sell the Property

Ishma Best

Prep Realty License #6502415703 Listed on: 12/03/2024

Last Buyer's Agent

David Scott

Maxim Properties LLC License #RCO-6501337813

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $998

Year Built

  • Built in 1909

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 60 x 136.15

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1 Fireplace

Basement

  • Michigan Basement
  • Laundry in Basement

Parking

  • 4 Parking Spaces
  • Unpaved Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Community Details

  • 4 Units
  • Gross Income $43,344

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$998

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1909
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60 X 136.15
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 998.0
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Michigan Basement: Yes
  • Driveway:Shared Unpaved: Yes
  • Laundry Features In Basement: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 550000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electricity Connected, Water Available, Sewer Available

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Dimensions: 60 X 136.15
  • Lot Size Sq Ft: 8276.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Income: 43344.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 998.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2024
Closed on
Dec 24, 2024
Sold by
Df I Refinance Llc
Bought by
Rehab Property Group Llc
Seller's Agent
Ishma Best
Prep Realty
Buyer's Agent
David Scott
Maxim Properties LLC
List Price
$550,000
Sold Price
$520,000
Premium/Discount to List
-$30,000
-5.45%
Views
28
Current Estimated Value
$514,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,099
Avg. Annual Appreciation
0.47%

Purchase Details

Closed on
Dec 11, 2020
Sold by
Detroit Real Estate Value Fund I Llc
Bought by
Df I Refinance Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,090,000
Interest Rate
2.6%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 3, 2016
Sold by
Alade David
Bought by
Detroit Real Estate Value Fund I Llc

Purchase Details

Closed on
Oct 23, 2015
Sold by
Harris Steven
Bought by
Century Partners Llc

Purchase Details

Closed on
May 31, 2010
Sold by
Donovan Shaun
Bought by
Harris Steven

Purchase Details

Closed on
Jun 30, 2008
Sold by
Union Federal Bank Of Indianapolis
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Aug 19, 2002
Sold by
Paul Elizabeth
Bought by
Barnes Mahliek A
Source: Public Records

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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 $520,000 None Listed On Document
Warranty Deed -- None Available
Quit Claim Deed -- Attorney
Quit Claim Deed $16,500 None Available
Deed $4,650 None Available
Warranty Deed -- None Available
Deed $75,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,090,000 Construction
Previous Owner $600,000 Future Advance Clause Open End Mortgage
Closed -- No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2025 04/24/25 Under Contract -- -- --
01/26/2025 01/26/25 For Rent $1,175 0.0% --
12/24/2024 12/24/24 Sold $520,000 -5.5% $141 / Sq Ft
12/17/2024 12/17/24 Pending -- -- --
12/03/2024 12/03/24 For Sale $550,000 0.0% $149 / Sq Ft
01/27/2023 01/27/23 Rented $1,095 0.0% --
01/23/2023 01/23/23 Under Contract -- -- --
01/09/2023 01/09/23 For Rent $1,095 -- --
Source: Southwestern Michigan Association of REALTORS®

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 $998 $87,900 $0 $0
2023 $968 $63,300 $0 $0
2022 $1,027 $39,900 $0 $0
2021 $1,001 $28,100 $0 $0
2020 $1,001 $26,500 $0 $0
2019 $1,055 $19,800 $0 $0
2018 $974 $18,900 $0 $0
2017 $153 $18,800 $0 $0
2016 $1,052 $29,500 $0 $0
2015 $120 $1,200 $0 $0
2013 $1,312 $13,116 $0 $0
2010 -- $23,075 $1,073 $22,002
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24061631

Southwestern Michigan Association of REALTORS®

APN: 01-003065