$165,000
SOLD NOV 20, 2024

16159 Log Cabin St Highland Park, MI 48203

Martin Park Neighborhood
20 Beds
20 Baths
10,784 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$15 Per Sq Ft

6% Below List Price

65 Days on Market

About This Home

As of November 2024

**OPPORTUNITY** Investors, come claim one of the last few un-rehabbed large multifamily properties left in the Martin Park/University District/Palmer Park/Palmer Woods area! The property features 20 spacious one-bedroom units, which breaks down as 8 units per floor plus4 garden-level units. There is also plenty of space in the basement for additional amenities for the tenants. Each unit is roughly 675 sq ft and features a living room, kitchen, bathroom, and bedroom. The property features a newer roof with 3D architectural shingles (2020), a repaired/updated PVC sewer line (2020), and a new copper incoming water service line (2020). The property requires a full rehab, but does have hardwood floors throughout the 1st and 2nd floors, which can be repaired and restored! The property is in Detroit but has a Highland Park mailing address.

Last Agent to Sell the Property

Ryan Kain

RE/MAX Leading Edge License #6501401697 Listed on: 02/15/2024

RE/MAX Leading Edge

Co-Listed By

Samuel Kain

RE/MAX Leading Edge License #6501415392

Last Buyer's Agent

Anthony Vitale

Realty Executives Home Towne License #6501398198

Realty Executives Home Towne

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $261

Year Built

  • Built in 1926

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 90 x 100

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 20 Full Bathrooms
  • 10,784 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number W08I009611S

Community Details

Overview

  • 20 Units
  • Log Cabin Heights Sub Subdivision

Amenities

  • Lobby

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$261

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building
  • Architecture Level: 2 Story
  • Year Built: 1926
  • State Equalized Value: 4600.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 20.00
  • Full Bathrooms: 20
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 10784

Exterior Features

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

Utilities

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

Fee Information

  • Operating Expense: 68040.00

Lot Info

  • Lot Size Area: 0.21
  • Lot Dimensions: 90 x 100
  • Parcel Number: W08I009611S
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 16200

Tax Info

  • Tax Amount Summer: 261.0000
  • Total Tax: 261.0000
  • Taxable Value: 4600.0000

Multi Family

  • Gross Scheduled Income: 194400.00
  • Number Of Units Total: 20

MLS Schools

  • School District: Detroit

Range of Values:

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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2024 11/20/24 Sold $165,000 -5.7% $15 / Sq Ft
04/20/2024 04/20/24 Pending -- -- --
02/15/2024 02/15/24 For Sale $174,900 -- $16 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ryan Kain

    Seller's Agent in 2024

    Ryan Kain

    RE/MAX

    (734) 626-7815

    5 in this area

    375 Total Sales

    Ryan Kain
    Section Image

  • S

    Seller Co-Listing Agent in 2024

    Samuel Kain

    RE/MAX

    Section Image

  • A

    Buyer's Agent in 2024

    Anthony Vitale

    Realty Executives

    (586) 726-4600

    1 in this area

    19 Total Sales

    Anthony Vitale
    Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 20240009212

Realcomp
Michigan Wayne County Highland Park 48203 Martin Park

16159 Log Cabin St, Highland Park, MI

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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