$138,500
SOLD JUL 3, 2024
6 Beds
2.5 Baths
2,706 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$51 Per Sq Ft

4% Below List Price

10 Days on Market

Highlights

  • Balcony
  • Patio
  • Baseboard Heating
  • Cass Technical High School Rated 10
  • Central Air
  • Dogs and Cats Allowed

About This Home

As of June 2025

Welcome to an exciting investment opportunity, perfect for both experienced and new investors. Located just a short distance from the famous Boston Edison neighborhood and the acclaimed Durfee Innovation Society, this property is situated in a flourishing community rich with resources and ongoing development. The recently renovated upper unit has the potential to bring in $1,200 per month, while the lower unit, already occupied by a long-term tenant of over 16 years(currently on a month-to-month lease), generates $750 monthly.
Bring all offers!

Last Agent to Sell the Property

Farheen Din

Inside Realty, LLC License #6501447959 Listed on: 04/25/2024

Co-Listed By

Alec Casal

New Era Real Estate LLC License #6501442301

Last Buyer's Agent

Rondre Brooks

New Way Realty Partners License #6501388750

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924 | Remodeled in 2024

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 34.00 x 123.00

Home Design

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

Interior Spaces

  • 2,706 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Parking

  • 2 Parking Spaces
  • Paved Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number W12I003494S
  • $4,155 Seller Concession

Community Details

Overview

  • 2 Units
  • Tuxedo Addition Sub Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$921

Year Built

Built in 1924 | Remodeled in 2024

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1924
  • State Equalized Value: 28100.0000
  • Year Renovated: 2024
  • Pets Allowed: Cats OK, Dogs OK
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished
  • Sq Ft Combined: 2706
  • Total Sq Ft: 2706
  • Sq Ft Total Bsmt: 1353

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Porch Type: Balcony, Patio
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved
  • Total Parking Spaces: 2

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 34.00 x 123.00
  • Parcel Number: W12I003494S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Heat, Electric, Water/Sewer
  • Monthly Rental Income: 750

Tax Info

  • Tax Amount Summer: 858.0000
  • Tax Amount Winter: 63.0000
  • Total Tax: 921.0000
  • Taxable Value: 6734.0000

Multi Family

  • Gross Scheduled Income: 9000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2024
Closed on
Jul 3, 2024
Sold by
Parnell Group Llc
Bought by
Water Walk Holdings Llc
Seller's Agent
Farheen Din
Inside Realty, LLC
Buyer's Agent
Rondre Brooks
New Way Realty Partners
List Price
$145,000
Sold Price
$138,500
Premium/Discount to List
-$6,500
-4.48%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.35%
Original Mortgage
$117,725
Outstanding Balance
$30,205
Interest Rate
6.99%
Mortgage Type
Construction
Estimated Equity
$95,846

Purchase Details

Closed on
Feb 13, 2010
Sold by
Parnell Carolyn M and Parnell Bryant
Bought by
The Parnell Group Llc

Purchase Details

Closed on
Feb 2, 2009
Sold by
Parnell Carolyn M and Parnell Bryant
Bought by
Parnell Carolyn M
Source: Public Records

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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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $138,500 None Listed On Document
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $117,725 Construction
Closed $21,275 Construction
Previous Owner $56,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 Sold $135,000 -6.9% $50 / Sq Ft
05/12/2025 05/12/25 Pending -- -- --
04/23/2025 04/23/25 Price Changed $144,999 -3.3% $54 / Sq Ft
04/11/2025 04/11/25 For Sale $149,999 +8.3% $55 / Sq Ft
07/03/2024 07/03/24 Sold $138,500 -4.5% $51 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $145,000 0.0% $54 / Sq Ft
04/27/2024 04/27/24 Pending -- -- --
04/25/2024 04/25/24 For Sale $145,000 -- $54 / 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 $633 $35,200 $0 $0
2023 $858 $28,100 $0 $0
2022 $901 $22,600 $0 $0
2021 $882 $18,300 $0 $0
2020 $882 $17,000 $0 $0
2019 $872 $16,000 $0 $0
2018 $792 $15,100 $0 $0
2017 $109 $15,400 $0 $0
2016 $847 $36,300 $0 $0
2015 $600 $6,000 $0 $0
2013 $840 $8,398 $0 $0
2010 -- $12,033 $872 $11,161
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240025945

Realcomp

APN: 12-003494