NOT LISTED FOR SALE

18225 Racho Rd Brownstown, MI 48193

-- Bed
8 Baths
7,430 Sq Ft
0.74 Acres

Last Sold February 03, 2025

Last sale price $715,000 $96 Per Sq Ft

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 Listed By

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
  • 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

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

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 Change Sq Ft Price
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
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
03/13/2018 03/13/18 Pending -- -- --
03/03/2018 03/03/18 For Sale $450,000 -- $61 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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

    The Signature Group Realty, LLC

    (718) 702-2188

    100 Total Sales

    Mohamed Fares
    Section Image

  • J

    Seller's Agent in 2020

    Joe Balint

    Real Estate One Southgate

    (313) 495-2620

    19 Total Sales

    Joe Balint
    Section Image

  • L

    Buyer's Agent in 2020

    Linda Schwartz

    KW Professionals

    (734) 748-1700

    57 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
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24024428

Southwestern Michigan Association of REALTORS®

Michigan Wayne County Brownstown 48193

18225 Racho Rd, Brownstown, MI

Homes for Sale in Brownstown, MI

This home is located at 18225 Racho Rd, Brownstown, MI 48193 since 16 May 2024. This property was built in 1976. 18225 Racho Rd is a home located in Wayne County with nearby schools including Gudith Elementary School, Patrick Henry Middle School, and Brownstown Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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