3550 Montclair St Detroit, MI 48214
East Village NeighborhoodEstimated payment $4,834/month
Highlights
- 0.23 Acre Lot
- Lobby
- Laundry Facilities
- Cass Technical High School Rated 10
- Heating System Uses Steam
About This Home
**INVESTORS** This is your opportunity to add an updated 16 unit brick apartment building to your portfolio! The property has 7 of the 16 units occupied! The property was significantly updated in 2022, with updates including all-new windows, a new roof, 2 new boilers and HWTs, some updated electrical and plumbing, 5 of the 16 units were completely remodeled w/ updated kitchens and bathrooms, and the remaining 11 have had rental turnovers completed! Best of all, this is both a turn-key and value add property, as the front half of the basement has space to add 4 units and has been gutted in preparation for the new owner to begin the work. Each unit's electricity and cooking gas are metered separately while the owner pays for heating, common area electric, and water. The property is also located a few blocks away from Chrysler/Stellantis's new auto manufacturing plant which is expected to have a positive economic impact on the surrounding areas.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925 | Remodeled in 2022
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 58.5x172.83
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
- Brick Foundation
- Asphalt Roof
Interior Spaces
- 16 Full Bathrooms
- 10,944 Sq Ft Home
- 3-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Steam
- Heating System Uses Natural Gas
- Radiant Heating System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number W21I040671S
Community Details
Overview
- 16 Units
- Hendries Subdivision
Amenities
- Laundry Facilities
- Lobby
Map
Home Values in the Area
Average Home Value in this Area
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 | $14,739 | $198,700 | $0 | $0 |
| 2024 | $8,130 | $187,200 | $0 | $0 |
| 2023 | $7,916 | $158,600 | $0 | $0 |
| 2022 | $8,552 | $139,700 | $0 | $0 |
| 2021 | $10,747 | $93,600 | $0 | $0 |
| 2020 | $1,891 | $74,000 | $0 | $0 |
| 2019 | $1,858 | $70,000 | $0 | $0 |
| 2018 | $1,594 | $19,400 | $0 | $0 |
| 2017 | $2,142 | $18,100 | $0 | $0 |
| 2016 | $1,684 | $17,800 | $0 | $0 |
| 2015 | $1,780 | $17,800 | $0 | $0 |
| 2013 | $1,776 | $17,761 | $0 | $0 |
| 2010 | -- | $19,127 | $3,472 | $15,655 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/17/2026 02/17/26 | Price Changed | $699,900 | -6.7% | $64 / Sq Ft | |
| 09/05/2025 09/05/25 | For Sale | $749,900 | 0.0% | $69 / Sq Ft | |
| 11/01/2020 11/01/20 | Rented | $600 | 0.0% | -- | |
| 10/19/2020 10/19/20 | Under Contract | -- | -- | -- | |
| 09/14/2020 09/14/20 | For Rent | $600 | 0.0% | -- | |
| 08/20/2020 08/20/20 | Sold | $550,000 | -19.7% | $46 / Sq Ft | View Prior Sale |
| 08/13/2020 08/13/20 | Pending | -- | -- | -- | |
| 08/03/2020 08/03/20 | For Sale | $685,000 | -- | $57 / Sq Ft |
Source: Realcomp
MLS Number: 20251033366
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.