NOT LISTED FOR SALE

2200 Gray St Detroit, MI 48215

Riverbend Neighborhood

Estimated Value: $123,000 - $230,700

4 Beds
2 Baths
2,080 Sq Ft
$84/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $189,000 $91 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,093/month

39 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • ENERGY STAR/Reflective Roof
  • Cass Technical High School Rated 10

About This Home

As of April 2023

CALLING ALL INVESTORS: This towering two family property is an investor's dream. Freshly rehabbed, city-inspected and certified, and fully rented Section 8. Gems like this are hard to come by in Detroit. The property has undergone an extensive rehab, not just cosmetics. This means new roof (2022), new mechanical systems, furnace, hot water tank etc. Both units are rented for $1200 and $1170 respectively, and both have passed Sec 8 inspection. Performing - both tenants have a 100% on time payment history. Located in the shadows of the Jefferson North Assembly plant - one of the largest auto assembly plants in America. Just one mile from the bustling Grosse Point suburbs.

Last Agent to Sell the Property

Al Baydoun

U.S. Investor Group License #6501424036 Listed on: 03/05/2023

Last Buyer's Agent

Al Baydoun

U.S. Investor Group License #6501424036 Listed on: 03/05/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1923 | Remodeled in 2022

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00 x 122.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,080 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • ENERGY STAR/Reflective Roof
  • Covered Patio or Porch

Community Details

  • 2 Units
  • Daniel J Campaus Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I048492S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$482

Year Built

Built in 1923 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1923
  • State Equalized Value: 18000.0000
  • Year Renovated: 2022
  • Pets Allowed: No
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2080
  • Total Sq Ft: 2080
  • Sq Ft Total Bsmt: 1029

Exterior Features

  • Roof Material: ENERGY STAR® Shingles
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00 x 122.00
  • Parcel Number: W21I048492S
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 2370

Tax Info

  • Tax Amount Summer: 463.0000
  • Tax Amount Winter: 19.0000
  • Total Tax: 482.0000
  • Taxable Value: 2025.0000

Multi Family

  • Gross Scheduled Income: 28440.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2023
Closed on
Apr 14, 2023
Sold by
G & En Investments Group Inc
Bought by
Lakhani Mohammad
Seller's Agent
Al Baydoun
U.S. Investor Group
Buyer's Agent
Al Baydoun
U.S. Investor Group
List Price
$189,000
Sold Price
$189,000
Views
76
Current Estimated Value
$175,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,575
Avg. Annual Appreciation
-3.19%
Original Mortgage
$141,750
Outstanding Balance
$138,136
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$36,589

Purchase Details

Closed on
Jun 17, 2022
Sold by
Hernial Jefferson
Bought by
G & E Investments Group Inc

Purchase Details

Closed on
Nov 5, 2021
Sold by
Guyton Bernice
Bought by
Jefferson Bernial and Dixon Gerald

Purchase Details

Closed on
Sep 14, 2021
Sold by
Guyton Bernice and Estate Of Louvenia Guyton
Bought by
Guyton Bernice
Source: Public Records

Range of Values:

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Average Value
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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
Lakhani Mohammad $189,000 None Listed On Document
G & E Investments Group Inc $48,500 None Listed On Document
G & E Investments Group Inc $48,500 None Listed On Document
Jefferson Bernial $20,000 None Available
Guyton Bernice -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lakhani Mohammad $141,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $189,000 0.0% $91 / Sq Ft
04/13/2023 04/13/23 Pending -- -- --
03/05/2023 03/05/23 For Sale $189,000 +310.9% $91 / Sq Ft
02/18/2023 02/18/23 Sold $46,000 -23.2% $22 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
04/27/2022 04/27/22 Price Changed $59,900 -25.0% $29 / Sq Ft
04/20/2022 04/20/22 For Sale $79,900 0.0% $38 / Sq Ft
04/16/2022 04/16/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $79,900 -- $38 / Sq Ft
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 $1,908 $27,000 $0 $0
2024 $1,908 $24,000 $0 $0
2023 $1,803 $19,000 $0 $0
2022 $249 $18,000 $0 $0
2021 $511 $13,600 $0 $0
2020 $510 $17,600 $0 $0
2019 $491 $15,500 $0 $0
2018 $466 $14,100 $0 $0
2017 $34 $14,400 $0 $0
2016 $484 $1,900 $0 $0
2015 $190 $1,900 $0 $0
2013 $213 $2,129 $0 $0
2010 -- $3,121 $452 $2,669
Source: Public Records

Agents Affiliated with this Home

  • Al Baydoun

    Seller's Agent in 2023

    Al Baydoun

    U.S. Investor Group

    (313) 673-2655

    1 in this area

    148 Total Sales

    Al Baydoun
    Section Image
  • Cheryl Dixon

    Seller's Agent in 2023

    Cheryl Dixon

    Professional Realty Team LLC

    (248) 351-9138

    1 in this area

    49 Total Sales

    Cheryl Dixon
    Section Image

  • B

    Seller Co-Listing Agent in 2023

    Bernial Jefferson

    Professional Realty Team LLC

    (248) 351-2121

    1 in this area

    20 Total Sales

    Bernial Jefferson
    Section Image
  • David Rabior

    Buyer's Agent in 2023

    David Rabior

    Clyde Realty LLC

    (586) 329-8618

    3 in this area

    362 Total Sales

    David Rabior
    Section Image
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Map

Source: Realcomp

MLS Number: 20230015488

Realcomp

APN: 21-048492

Michigan Wayne County Detroit 48215 Riverbend

2200 Gray St, Detroit, MI

This home is located at 2200 Gray St, Detroit, MI 48215 since 05 March 2023 and is currently estimated at $175,425, approximately $84 per square foot. This property was built in 1923. 2200 Gray St is a home located in Wayne County with nearby schools including Carstens Academy of Aquatic Science, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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