16810 Baylis St Detroit, MI 48221
Martin Park NeighborhoodEstimated payment $2,942/month
Highlights
- Lobby
- Forced Air Heating System
- 2 Car Garage
- Cass Technical High School Rated 10
About This Home
Fully updated and income-producing 5-unit apartment building, offering a strong opportunity for investors. Each unit is currently occupied by reliable tenants, all of whom have been in place for approximately three years and wish to stay. All leases are month-to-month, leaving flexibility for the new owner. Recent upgrades include energy-efficient appliances, a new furnace, and a new hot water tank. No major repairs are needed. Approximately 15 years remain on the tax abatement. Located near expressways, just 15 minutes from downtown Detroit and 20 minutes from Detroit Metro Airport. Great 8.5% cap rate in an up-and-coming Detroit neighborhood.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1927 | Remodeled in 2020
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 57.6x117.78
Parking
- 2 Car Garage
Home Design
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 5 Full Bathrooms
- 5,352 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 08010056
Community Details
Overview
- 5 Units
- Nagels Golf Club Subdivision
Amenities
- Lobby
Pet Policy
- Call for details about the types of pets allowed
Map
Home Values in the Area
Average Home Value in this Area
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 | $60 | $115,500 | $0 | $0 |
| 2024 | $60 | $800 | $0 | $0 |
| 2023 | $59 | $800 | $0 | $0 |
| 2022 | $64 | $800 | $0 | $0 |
| 2021 | $62 | $800 | $0 | $0 |
| 2020 | $62 | $700 | $0 | $0 |
| 2019 | $62 | $700 | $0 | $0 |
| 2018 | $54 | $700 | $0 | $0 |
| 2017 | $13 | $700 | $0 | $0 |
| 2016 | $2,039 | $38,200 | $0 | $0 |
| 2015 | $2,231 | $22,500 | $0 | $0 |
| 2013 | $2,161 | $36,000 | $0 | $0 |
| 2010 | -- | $20,206 | $1,604 | $18,602 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | Price Changed | $550,000 | -5.3% | $103 / Sq Ft |
| 08/08/2025 08/08/25 | Price Changed | $581,000 | -3.2% | $109 / Sq Ft |
| 07/25/2025 07/25/25 | For Sale | $599,900 | +4343.7% | $112 / Sq Ft |
| 01/21/2014 01/21/14 | Sold | $13,500 | +22.7% | $3 / Sq Ft |
| 01/02/2014 01/02/14 | Pending | -- | -- | -- |
| 10/17/2013 10/17/13 | For Sale | $11,000 | -- | $2 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $40,000 | Nations Title Agency | |
| Quit Claim Deed | -- | None Available | |
| Deed | $13,500 | Commercial Title Services | |
| Warranty Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Corporate Deed | -- | None Available | |
| Sheriffs Deed | $126,729 | None Available | |
| Warranty Deed | $115,000 | Metropolitan Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $185,000 | Construction |
Source: Realcomp
MLS Number: 20251015492
APN: 08-010056
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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