$715,000
SOLD FEB 3, 2025

18225 Racho Rd Brownstown, MI 48193

-- Bed
-- Bath
7,430 Sq Ft
0.74 Acres

Recently Sold

$96 Per Sq Ft

11% Below List Price

54 Days on Market

Highlights

  • Wooded Lot
  • 1 Fireplace
  • Laundry Facilities
  • Patrick Henry Middle School Rated A-
  • Forced Air Heating and Cooling System
  • High Speed Internet

About This Home

As of February 2025

Great investment opportunity to buy a FULLY OCCUPIED 8 unit apartment building! 6 two bedroom, 2 one bedroom units. Total rents currently $7272.00 monthly with plenty of room for increase. New roof in 2017, Furnace and AC in 2016, Vinyl windows, Coin operated washer and dryer included for extra added income. Great management company already in place. Must provide proof of funds to kirsten@reservemgmtco.com to request a showing with listing agent. Showing OF 1 OCCUPIED unit scheduled for SATURDAY MAY 18th 2-3 pm BY APPOINTMENT ONLY, WITH LISTING AGENT BATVAI

Last Agent to Sell the Property

Kirsten Smitham

Reserve Management Company License #6501445395 Listed on: 05/16/2024

Last Buyer's Agent

Kirsten Smitham

Reserve Management Company License #6501445395 Listed on: 05/16/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.74 Acre Lot
  • Lot Dimensions are 117x270
  • Wooded Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1 Fireplace

Parking

  • 15 Parking Spaces
  • Paved Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • 8 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electric, sewer, gas
  • The owner pays for trash collection

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1976
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 117x270
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 18184.0
  • General Property Info:Total _pound_ Units: 8
  • Lot Description:Wooded: Yes
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Substructure:Slab: Yes
  • Extras:Laundry Facility: Yes
  • Laundry Features Common Area: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Brick
  • List Price: 780000.0
  • Lot Features: Wooded
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 15.0
  • General Property Info:Total Parking Spaces: 15.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Connected, Electricity Connected, Broadband
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.74
  • Lot Size Area: 0.74
  • Lot Dimensions: 117x270
  • Lot Size Sq Ft: 32234.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection
  • Tenant Pays: Electric, Sewer, Gas

Multi Family

  • Number of Units Total: 8

Tax Info

  • Tax Annual Amount: 18184.0
  • Tax Year: 2023

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 List to Sale Price per Sq Ft Prior Sale
02/03/2025 02/03/25 Sold $715,000 -8.3% $96 / Sq Ft
07/09/2024 07/09/24 Pending -- -- --
06/03/2024 06/03/24 Price Changed $780,000 -2.5% $105 / Sq Ft
05/16/2024 05/16/24 For Sale $800,000 +42.9% $108 / Sq Ft
08/10/2020 08/10/20 Sold $560,000 0.0% $75 / Sq Ft View Prior Sale
03/28/2020 03/28/20 Pending -- -- --
03/19/2020 03/19/20 For Sale $560,000 +24.4% $75 / Sq Ft
04/27/2018 04/27/18 Sold $450,000 0.0% $61 / Sq Ft View Prior Sale
03/13/2018 03/13/18 Pending -- -- --
03/03/2018 03/03/18 For Sale $450,000 -- $61 / Sq Ft
Source: MichRIC

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2025

    Kirsten Smitham

    Reserve Management Company

    (248) 897-5447

    6 Total Sales

    Kirsten Smitham
    Section Image
  • Mohamed Fares

    Buyer Co-Listing Agent in 2025

    Mohamed Fares

    Elite Realty Advisors LLC

    (718) 702-2188

    116 Total Sales

    Mohamed Fares
    Section Image

  • J

    Seller's Agent in 2020

    Joe Balint

    Real Estate One Southgate

    (313) 495-2620

    14 Total Sales

    Joe Balint
    Section Image

  • L

    Buyer's Agent in 2020

    Linda Schwartz

    KW Professionals

    (734) 748-1700

    49 Total Sales

    Linda Schwartz
    Section Image
  • Steffanie Jozsa

    Seller's Agent in 2018

    Steffanie Jozsa

    Real Estate One

    (734) 771-0038

    102 Total Sales

    Steffanie Jozsa
    Section Image

  • C

    Buyer's Agent in 2018

    Connie Winn

    Elite Realty

    (734) 459-6000

    3 Total Sales

    Connie Winn
    Section Image
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Map

Source: MichRIC

MLS Number: 24024428

MichRIC
Michigan Wayne County Brownstown 48193

18225 Racho Rd, Brownstown, MI

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Copyright 2025 MichRIC, LLC. All rights reserved.

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