$200,000
SOLD FEB 28, 2020
11 Beds
7 Baths
5,700 Sq Ft
1.43 Acres

Recently Sold

$35 Per Sq Ft

11% Below List Price

12 Days on Market

Highlights

  • 1.43 Acre Lot
  • Accessible Approach with Ramp
  • Private Entrance
  • Cass Technical High School Rated 10
  • Baseboard Heating
  • Dogs and Cats Allowed

About This Home

As of February 2021

Detroit is on the list of best places to buy rental properties in 2020 and here is your chance for a great investment inside of a Co-Op! This deal consists of - 7 UNITS - available inside of a 44 unit building. Active long term tenants and low Co-Op fee that includes water, sewage, heat, maintenance and property taxes make for a great capital with a desirable ROI. Within walking distance of Old Redford Academy - Elementary School - and just 20 minutes away from Downtown Detroit, this opportunity will bring you top dollar and best ROI you can get in Detroit.

Last Agent to Sell the Property

Andreea Moldovan

DOBI Real Estate License #6501389372 Listed on: 01/20/2020

DOBI Real Estate

Last Buyer's Agent

Laura Sanchez

Creative USA Investment Group LLC License #RCO-6502413397

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 1.43 Acre Lot
  • Lot Dimensions are 200 x 300
  • Private Entrance
  • Fenced

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation

Interior Spaces

  • 7 Full Bathrooms
  • 5,700 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • 7 Parking Spaces
  • On-Street Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Common Area
  • Accessible Approach with Ramp

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Back Up Electric Heat Pump System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number W22I014186C8

Community Details

Overview

  • 7 Units
  • More Than One Legal Involved Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1967
  • State Equalized Value: 287800.0000
  • Accessibility Features: Accessible Approach with Ramp, Common Area
  • Pets Allowed: Cats OK | Dogs OK | Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • Basement: Yes
  • Basement Type: Common
  • Sq Ft Combined: 5700
  • Total Sq Ft: 5700
  • Sq Ft Total Bsmt: 13200

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick, Brick Veneer (Brick Siding)
  • Exterior Features: Fenced, Private Entry
  • Foundation Materials: Block, Brick/Mortar
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Assigned Spaces, On Street
  • Total Parking Spaces: 7

Utilities

  • Heating Fuel: Electric
  • Cooling: Wall Unit(s)
  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 157342.6573
  • Lot Size Area: 1.43
  • Lot Dimensions: 200 x 300
  • Parcel Number: W22I014186C8
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Association Fee, Trash Collection (Garbage Pickup), Heat, Snow Removal, Water/Sewer, Yard Maintenance
  • Monthly Rental Income: 4550

Tax Info

  • Tax Amount Summer: 17456.0000
  • Tax Amount Winter: 1735.0000
  • Total Tax: 19191.0000
  • Taxable Value: 182963.0000

Multi Family

  • Gross Scheduled Income: 54600.00
  • Number Of Units Total: 7
  • Unit Count: 2
  • Number of One Bedroom Units: 3
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 7

MLS Schools

  • School District: Detroit

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Range of Values:

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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 Change Sq Ft Price
04/09/2025 04/09/25 For Sale $425,000 +70.0% --
02/19/2021 02/19/21 Sold $250,000 0.0% $30 / Sq Ft
02/03/2021 02/03/21 Pending -- -- --
01/30/2021 01/30/21 For Sale $250,000 +25.0% $30 / Sq Ft
02/28/2020 02/28/20 Sold $200,000 -11.1% $35 / Sq Ft
01/20/2020 01/20/20 For Sale $225,000 -4.3% $39 / Sq Ft
07/08/2019 07/08/19 Sold $235,000 +840.0% $35 / Sq Ft
05/01/2019 05/01/19 Pending -- -- --
03/07/2019 03/07/19 For Sale $25,000 -- $4 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200005293

Realcomp

APN: 22-014186-8