NOT LISTED FOR SALE

Estimated Value: $61,000 - $194,622

5 Beds
6 Baths
2,600 Sq Ft
$49/Sq Ft Est. Value

Last Sold June 18, 2024

Last sale price $55,000 $21 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $947/month

4 Days on Market

Highlights

  • Tudor Architecture
  • Covered Patio or Porch
  • Hot Water Heating System
  • Cass Technical High School Rated 10

About This Home

As of June 2024

Welcome to an amazing investment opportunity – a three-unit home (triplex) with so much potential. With the location of this home, this property offers a chance to create a short- term rental, a long- term leasing option, student housing, or even an owner-occupied with rental income. While a complete rehab is needed, the foundation of this triplex is filled with potential and offers a clean slate for your rehab vision. This triplex has three units, each offering unique possibilities. The unit located on the first level is a spacious 3-bedroom 1 bath unit. Upstairs there are 2 1-bedroom 1 bath units. This configuration makes for a broad rental appeal, catering to various tenant needs. Hardwood floors, large windows, a sizeable lot, and the overall square footage of each unit makes this home an easy choice for your next investment project.

Last Agent to Sell the Property

Tracy Petersen

VM Real Estate Group License #6506047844 Listed on: 05/31/2024

Last Buyer's Agent

Marc Johnson

Johnson Realty Group, LLC License #6502359310

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 33.00 x 117.00

Home Design

  • Triplex
  • Tudor Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • 2 Parking Spaces
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Schlenker Bull & Cos Puritan Lawton Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W12I006196S

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex, Tudor
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1928
  • State Equalized Value: 39600.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.30
  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Basement: Yes
  • Basement Type: Interior Entry, Unfinished
  • Sq Ft Combined: 2600
  • Total Sq Ft: 2600
  • Sq Ft Total Bsmt: 1300

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Michigan Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Porch Type: Porch - Covered, Porch, Covered
  • Road Frontage Type: Paved
  • Sideof Street: E

Garage/Parking

  • MF Parking: On Street
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 33.00 x 117.00
  • Parcel Number: W12I006196S
  • Zoning: Multi-Family, Residential

Tax Info

  • Tax Amount Summer: 2867.0000
  • Tax Amount Winter: 321.0000
  • Total Tax: 3188.0000
  • Taxable Value: 34125.0000

Multi Family

  • Number Of Units Total: 3
  • Number of One Bedroom Units: 2
  • Number of Three Bedroom Units: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Jun 18, 2024
Sold by
Michigan Moose Ventures Llc and Cai Adrianne
Bought by
Cheyenne Development Llc
Seller's Agent
Tracy Petersen
VM Real Estate Group
Buyer's Agent
Marc Johnson
Johnson Realty Group, LLC
List Price
$65,000
Sold Price
$55,000
Premium/Discount to List
-$10,000
-15.38%
Views
31
Current Estimated Value
$128,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,656
Avg. Annual Appreciation
20.87%

Purchase Details

Listed on
Apr 20, 2021
Closed on
Jun 18, 2021
Sold by
Cose Nostre Llc
Bought by
Michigan Moose Ventures Llc
Seller's Agent
Ishma Best
PREP Realty
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$70,000
Sold Price
$40,500
Premium/Discount to List
-$29,500
-42.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.74%

Purchase Details

Closed on
Oct 11, 2018
Sold by
Sabree Eric R
Bought by
Cose Nostre Llc

Purchase Details

Closed on
Oct 23, 2014
Sold by
Shelton David
Bought by
Usa Advantage Property Llc

Purchase Details

Closed on
Oct 16, 2014
Sold by
Usa Advantage Property Llc
Bought by
Global Income Assets Llc

Purchase Details

Closed on
Oct 14, 2011
Sold by
Belgrave Group Limited Inc
Bought by
Shelton David

Purchase Details

Closed on
Mar 1, 2010
Sold by
Ixis Real Estate Capital Inc
Bought by
Cm Reo Trust

Purchase Details

Closed on
May 13, 2009
Sold by
Saxon Mortgage Services Inc
Bought by
Ixis Real Estate Capital Inc

Purchase Details

Closed on
Dec 29, 2008
Sold by
Mcfarland Gregory
Bought by
Deutsche Bank Trust Company Americas and Saxon Mortgage Services Inc

Purchase Details

Closed on
Dec 23, 2008
Sold by
Deutsche Bank Trust Company Americas
Bought by
Cm Reo Trust

Purchase Details

Closed on
Dec 12, 2006
Sold by
Robinson Michael and Robinson Lenise Joy
Bought by
Mcfarland Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
8.85%
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
Cheyenne Development Llc $55,000 None Listed On Document
Michigan Moose Ventures Llc $40,500 None Available
Cose Nostre Llc $25,020 None Available
Usa Advantage Property Llc $17,500 Capital Title Ins
Global Income Assets Llc -- None Available
Shelton David $53,000 Commercial Title Service
Cm Reo Trust -- None Available
Ixis Real Estate Capital Inc -- None Available
Deutsche Bank Trust Company Americas $16,000 None Available
Cm Reo Trust -- None Available
Mcfarland Gregory $130,000 Service First Title Agency L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcfarland Gregory $117,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $55,000 -15.4% $21 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $65,000 +60.5% $25 / Sq Ft
06/18/2021 06/18/21 Sold $40,500 -42.1% $16 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $70,000 0.0% $27 / Sq Ft
08/16/2012 08/16/12 Rented $650 0.0% --
08/10/2012 08/10/12 Under Contract -- -- --
05/04/2012 05/04/12 For Rent $650 -- --
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 $2,949 $60,400 $0 $0
2024 $2,949 $50,500 $0 $0
2023 $2,867 $39,600 $0 $0
2022 $3,081 $32,500 $0 $0
2021 $1,296 $24,900 $0 $0
2020 $1,296 $21,300 $0 $0
2019 $1,476 $15,400 $0 $0
2018 $1,220 $13,200 $0 $0
2017 $212 $13,200 $0 $0
2016 $1,328 $26,400 $0 $0
2015 $1,300 $13,000 $0 $0
2013 $2,089 $20,892 $0 $0
2010 -- $28,998 $919 $28,079
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240037496

Realcomp

APN: 12-006196