NOT LISTED FOR SALE

Estimated Value: $90,000 - $120,644

4 Beds
2 Baths
2,300 Sq Ft
$44/Sq Ft Est. Value

Last Sold December 18, 2023

Last sale price $85,000 $37 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $716/month

131 Days on Market

About This Home

As of December 2023

National Real Estate Management Group is excited to announce your next investment opportunity. Located in the Dexter-Fenkell neighborhood of Detroit, this duplex features two units. Each unit includes two bedrooms and one bathroom. The lower unit is wheelchair accessible with a spacious porch area whilst the upstairs unit has a balcony towards the front. Both units consist of large windows and generous sized bedrooms for comfortable living. Off street parking is available and there is a driveway at the side providing access to the back yard. Each unit is occupied with a tenant, generating a monthly income of $1,400.
Located only 5 minutes from the University of Detroit Mercy and 11 minute drive from downtown detroit. The bus stop is a quick 2 minute walk and there are multiple restaurants, parks and public schools within the area. This residence makes a great rental investment. Don’t miss out on this opportunity!

At National Real Estate Management Group, our listings come with built-in property management for seamless, turnkey investments. Our full-service approach covers everything from construction completion to tenant placement and ongoing management. Services include comprehensive property management, tenant screening, financial reporting, legal compliance, and streamlined communication. Choose National Real Estate Management Group for a worry-free investment experience.

Last Agent to Sell the Property

Connaé Pisani

NREMG Realty License #6502425134 Listed on: 06/22/2023

Last Buyer's Agent

Deunta Oliver

License #6501438113

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00x119.00

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Masonry

Interior Spaces

  • 2 Full Bathrooms
  • 2,300 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W12I012641S

Community Details

Overview

  • 2 Units

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$818

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1925
  • State Equalized Value: 19400.0000
  • Pets Allowed: Breed Restrictions
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2300
  • Total Sq Ft: 2300
  • Sq Ft Total Bsmt: 1150

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick, Block/Concrete/Masonry
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 40
  • Road Frontage Type: Paved

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00X119.00
  • Parcel Number: W12I012641S
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 700

Tax Info

  • Tax Amount Summer: 761.7000
  • Tax Amount Winter: 57.2100
  • Total Tax: 818.0000

Multi Family

  • Gross Scheduled Income: 16800.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Dec 18, 2023
Sold by
Red Anchor Holdings Llc
Bought by
Williams Jesse
Seller's Agent
Connaé Pisani
NREMG Realty
Buyer's Agent
Deunta Oliver
List Price
$107,000
Sold Price
$85,000
Premium/Discount to List
-$22,000
-20.56%
Views
420
Current Estimated Value
$96,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,993
Avg. Annual Appreciation
5.48%
Original Mortgage
$90,000
Interest Rate
7.44%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 3, 2019
Sold by
Fa Investment And Management Llc
Bought by
Red Anchor Holdings Llc

Purchase Details

Closed on
Nov 24, 2019
Sold by
M & F Housing Llc
Bought by
F A Investment & Management Llc

Purchase Details

Closed on
Sep 27, 2019
Sold by
Kaiglers Latna
Bought by
M & F Housing Llc

Purchase Details

Listed on
Apr 11, 2015
Closed on
May 29, 2015
Sold by
Fannie Mae
Bought by
Kaigler Latina
Seller's Agent
Meghan Schubring
Pearl Real Estate
Buyer's Agent
Paula Cikota
Keller Williams Realty Lakeside
List Price
$4,100
Sold Price
$4,000
Premium/Discount to List
-$100
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.10%

Purchase Details

Closed on
Feb 26, 2015
Sold by
Clark Cleophus
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Apr 4, 2007
Sold by
Jackson Samuel Anthony
Bought by
Clark Cleophus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Williams Jesse $87,000 None Listed On Document
Red Anchor Holdings Llc $64,000 First American Title Ins Co
F A Investment & Management Llc $500 None Available
M & F Housing Llc -- None Available
Kaigler Latina $4,000 Parks Title
Fannie Mae $61,487 None Available
Clark Cleophus $90,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Williams Jesse $90,000
Previous Owner Clark Cleophus $85,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2023 12/18/23 Sold $85,000 -20.6% $37 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
09/23/2023 09/23/23 For Sale $107,000 0.0% $47 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
08/31/2023 08/31/23 For Sale $107,000 0.0% $47 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
08/07/2023 08/07/23 Price Changed $107,000 -2.7% $47 / Sq Ft
06/22/2023 06/22/23 For Sale $110,000 +2650.0% $48 / Sq Ft
05/29/2015 05/29/15 Sold $4,000 -2.4% $2 / Sq Ft
05/19/2015 05/19/15 Pending -- -- --
04/11/2015 04/11/15 For Sale $4,100 -- $2 / 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
2025 $2,224 $34,300 $0 $0
2024 $2,224 $28,200 $0 $0
2023 $831 $22,200 $0 $0
2022 $871 $19,400 $0 $0
2021 $854 $14,900 $0 $0
2020 $853 $12,800 $0 $0
2019 $844 $9,400 $0 $0
2018 $768 $8,100 $0 $0
2017 $103 $6,500 $0 $0
2016 $820 $27,300 $0 $0
2015 $597 $6,400 $0 $0
2013 $578 $8,993 $0 $0
2010 -- $12,885 $528 $12,357
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230047726

Realcomp

APN: 12-012641