$190,000
SOLD JUN 27, 2025

2511 Schaefer Rd Melvindale, MI 48122

4 Beds
2 Baths
2,000 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$95 Per Sq Ft

49 Days on Market

About This Home

As of June 2025

GREAT OPPORTUNITY TO OWN THIS RECENTLY UPDATED DUPLEX WITH STRONG RENTAL POTENTIAL! RECENT IMPROVEMENTS THROUGHOUT BOTH UNITS AND EXTERIOR MAKE THIS A LOW-MAINTENANCE ADDITION TO YOUR PORTFOLIO. EXTERIOR UPGRADES INCLUDE NEW GUTTERS, EXTENSIVE TREE TRIMMING COMPLETED FOR CURB APPEAL AND SAFETY, PORCH IMPROVEMENTS INCLUDING NEW RAILINGS AND BRICKWORK REPAIRS. INTERIOR UPDATES ON THE VACANT UNIT INCLUDE WINDOW REPAIRS, NEW KITCHEN INCLUDING NEW FRIDGE, UPDATED BATHROOM, NEW LUXURY VINYL PLANK FLOORING AND PAINT THROUGHOUT, NEW ELECTRICAL WIRING, LIGHT FIXTURES AND DOOR HARDWARE. INTERIOR UPDATES ON THE TENANT OCCUPIED UNIT INCLUDE MINOR ELECTRICAL REPAIRS AND FLOORING IN THE KITCHEN. ONE UNIT IS VACANT AND ONE UNIT IS TENANT OCCUPIED AT $800/MO ON A MONTH TO MONTH BASIS. THIS PROPERTY IS IDEAL FOR BOTH OWNER-OCCUPANTS AND INVESTORS. LIVE IN ONE UNIT AND RENT THE OTHER, OR LEASE BOTH FOR STRONG CASH FLOW FROM DAY ONE. DON’T MISS THIS MOVE-IN-READY MULTIFAMILY OPPORTUNITY!

Last Agent to Sell the Property

Robert Kabbani

Keller Williams Legacy License #6506045187 Listed on: 04/22/2025

Keller Williams Legacy

Last Buyer's Agent

Akram Algami

Empire Realty Group License #6501457959

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1941 | Remodeled in 2024

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 60.00 x 100.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,000 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

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

Community Details

  • 2 Units
  • Fort Boulevard Heights Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 47001010146000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,858

Year Built

Built in 1941 | Remodeled in 2024

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1941
  • State Equalized Value: 69500.0000
  • Year Renovated: 2024
  • 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: 2000
  • Total Sq Ft: 2000
  • Sq Ft Total Bsmt: 1200

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 60
  • Road Frontage Type: Paved
  • Sideof Street: W

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Melvindale Allen Pk

Lot Info

  • Lot Size Area: 0.14
  • Lot Dimensions: 60.00 x 100.00
  • Parcel Number: 47001010146000
  • Zoning: Multi-Family, Residential

Rental Info

  • Monthly Rental Income: 800

Tax Info

  • Tax Amount Summer: 1747.0000
  • Tax Amount Winter: 1111.0000
  • Total Tax: 2858.0000
  • Taxable Value: 32711.0000

Multi Family

  • Gross Scheduled Income: 9600.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Melvindale Allen Pk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2024
Closed on
Nov 1, 2024
Sold by
Grossman Gordan and Grossman Linda
Bought by
Re Developement Llc
Seller's Agent
Bill Darwich
Century 21 Curran & Oberski
Buyer's Agent
Robert Kabbani
Keller Williams Legacy
List Price
$119,800
Sold Price
$150,000
Premium/Discount to List
$30,200
25.21%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.21%

Purchase Details

Closed on
Feb 24, 2005
Sold by
Gordon Grossman Building Co
Bought by
Grossman Gordon

Purchase Details

Closed on
Feb 8, 2002
Sold by
Hubbard James
Bought by
Gordon Grossman Building Co
Source: Public Records

Similar Home in the area

  • 819 Frank Ave, Lincoln Park, MI 48146

    $174,900

    • 2 Beds
    • 2 Baths
    • 1,392 Sq Ft
    • 819 Frank Ave
    • Lincoln Park, MI

    GREAT 2 UNIT RENTAL PROPERTY LOCATED IN LINCOLN PARK! TOTAL RENT INCOME IS $1800 PER MONTH! RECENT UPDATES INCLUDE NEW CARPET IN BEDROOMS, NEW WINDOW BLINDS, PROFESSIONALLY PAINTED THROUGHOUT AND UPDATED ELECTRICAL AS NEEDED. PROPERTY IS LOCATED CLOSE TO SCHOOLS, SHOPPING AND MAJOR ROADWAYS.

    Robert Kabbani Keller Williams Legacy

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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 Type Sale Price Title Company
Warranty Deed $150,000 None Listed On Document
Corporate Deed -- Greco
Deed $30,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Sold $190,000 +0.1% $95 / Sq Ft
06/10/2025 06/10/25 Pending -- -- --
06/06/2025 06/06/25 For Sale $189,900 0.0% $95 / Sq Ft
05/09/2025 05/09/25 Pending -- -- --
04/29/2025 04/29/25 Price Changed $189,900 -5.0% $95 / Sq Ft
04/22/2025 04/22/25 For Sale $199,900 +33.3% $100 / Sq Ft
11/01/2024 11/01/24 Sold $150,000 +25.2% $39 / Sq Ft
10/15/2024 10/15/24 For Sale $119,800 -- $31 / 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
2024 $1,747 $69,500 $0 $0
2023 $1,661 $57,000 $0 $0
2022 $2,670 $50,900 $0 $0
2021 $2,587 $43,400 $0 $0
2020 $2,573 $41,500 $0 $0
2019 $2,413 $27,800 $0 $0
2018 $1,761 $41,600 $0 $0
2017 $1,529 $37,300 $0 $0
2016 $2,470 $31,600 $0 $0
2015 $2,835 $28,600 $0 $0
2013 $2,760 $28,300 $0 $0
2012 $4,371 $35,000 $2,200 $32,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20250027148

Realcomp

APN: 47-001-01-0146-000