3918 High St Ecorse, MI 48229
Estimated payment $1,669/month
About This Home
INVESTMENT PORTFOLIO SALE - TWO FULLY LEASED DUPLEXES - SOLD AS ONE PACKAGE FOR $235,000........This rare opportunity includes 37 W Woodward Ave and 3918 High St, both located in Ecorse and fully occupied with strong performing tenants delivering immediate cash flow. The portfolio consists of four total rental units with a combined monthly rental income of approximately $4,763 and annual gross income of approximately $58,304. Current net operating income is approximately $43,381, providing an exceptional cap rate for investors seeking stabilized returns with upside potential.......37 W Woodward features two 2-bedroom units generating $900 and $1,000 per month. 3918 High St features two 3-bedroom units generating approximately $1,500 and $1,363 per month. Both properties include separate basements, individual utilities, and strong tenant occupancy with consistent payment history........ Properties are being sold together as a package only. PACKAGE SALE - This listing is part of a two-property portfolio including:
( 37 W Woodward Ave Ecorse MI 48229....
PROPERTY ID: 34-006-06-0008-002) ....( 3918 High St. Ecorse, MI 48229. ....PROPERTY ID:34005040015000
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $4,982
Year Built
- Built in 1929
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 30x138x30x130
Home Design
- Vinyl Siding
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 8 Parking Spaces
- Driveway
- Paved Parking
Utilities
- Cooling Available
- Forced Air Heating System
- Heating System Uses Natural Gas
- Window Unit Heating System
- Natural Gas Connected
Listing and Financial Details
- The owner pays for trash collection, water
Community Details
Overview
- 2 Units
- George E Cicottes Everbloom Sub Subdivision
Building Details
- Gross Income $35,504
- Net Operating Income $27,281
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 | $2,575 | $51,600 | $0 | $0 |
| 2024 | $2,635 | $47,500 | $0 | $0 |
| 2023 | $2,508 | $40,900 | $0 | $0 |
| 2022 | $2,062 | $32,900 | $0 | $0 |
| 2021 | $2,097 | $25,400 | $0 | $0 |
| 2019 | $2,030 | $18,400 | $0 | $0 |
| 2018 | $958 | $15,200 | $0 | $0 |
| 2017 | $2,004 | $15,100 | $0 | $0 |
| 2016 | $2,050 | $15,900 | $0 | $0 |
| 2013 | $3,190 | $33,400 | $0 | $0 |
| 2012 | $1,894 | $34,100 | $2,700 | $31,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/14/2026 04/14/26 | For Sale | $235,000 | +88.0% | -- | |
| 07/25/2022 07/25/22 | Sold | $125,000 | -7.4% | $70 / Sq Ft | View Prior Sale |
| 06/29/2022 06/29/22 | Pending | -- | -- | -- | |
| 06/16/2022 06/16/22 | For Sale | $135,000 | +22400.0% | $76 / Sq Ft | |
| 01/20/2012 01/20/12 | Sold | $600 | -87.8% | $0 / Sq Ft | View Prior Sale |
| 01/02/2012 01/02/12 | Pending | -- | -- | -- | |
| 12/07/2011 12/07/11 | For Sale | $4,900 | -- | $3 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $125,000 | None Listed On Document | |
| Warranty Deed | $125,000 | None Listed On Document | |
| Warranty Deed | $125,000 | None Listed On Document | |
| Warranty Deed | $25,000 | Minnesota Title | |
| Quit Claim Deed | -- | Michigan Title Insurance Age | |
| Sheriffs Deed | $6,700 | None Available | |
| Warranty Deed | $61,000 | Multiple | |
| Warranty Deed | $19,000 | -- | |
| Warranty Deed | $20,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $93,750 | New Conventional | |
| Closed | $93,750 | New Conventional |
Source: MichRIC
MLS Number: 26015371
APN: 34-005-04-0015-000
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