NOT LISTED FOR SALE
18 Beds
10 Baths
8,265 Sq Ft
6,970 Sq Ft Lot

Last Sold January 22, 2024

Last sale price $310,000 $38 Per Sq Ft

114 Days on Market

Highlights

  • Hot Water Heating System
  • Cass Technical High School Rated 10
  • Heating System Uses Steam

About This Home

As of January 2024

10 unit building with 8 2 bed units and 2 1 bed units. Projected gross income just under $100k. The property has great income potential. Located just minutes from Downtown Detroit, schools, public transportation and major freeways.

Last Agent to Sell the Property

Reginald Perryman

KW Metro License #6502323480 Listed on: 05/31/2023

KW Metro

Last Buyer's Agent

Adrienne Ponce

EXP Realty Main License #6501439342

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1923

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 68 x 100

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 10 Full Bathrooms
  • 8,265 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number W12I002796S

Community Details

Overview

  • 10 Units
  • Wagers Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,580

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1923
  • State Equalized Value: 148700.0000
  • Year Renovated: 1923
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Circuit Breakers
  • Total Bathrooms: 10.00
  • Full Bathrooms: 10
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 8265
  • Total Sq Ft: 8265
  • Sq Ft Total Bsmt: 4132

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 68
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water, Steam
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Fee Information

  • Operating Expense: 20000.00

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.16
  • Lot Dimensions: 68 x 100
  • Parcel Number: W12I002796S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Heat, Water/Sewer, Water
  • Monthly Rental Income: 8200

Tax Info

  • Tax Amount Summer: 2313.0000
  • Tax Amount Winter: 267.0000
  • Total Tax: 2580.0000
  • Taxable Value: 148700.0000

Multi Family

  • Gross Scheduled Income: 98400.00
  • Number Of Units Total: 10
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 8
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

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

Property History

Date Event Price Change Sq Ft Price
01/22/2024 01/22/24 Sold $310,000 -38.0% $38 / Sq Ft
12/29/2023 12/29/23 For Sale $500,000 0.0% $60 / Sq Ft
09/22/2023 09/22/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $500,000 -- $60 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230042340

Realcomp