$420,000
SOLD JAN 30, 2025
12 Beds
6 Baths
5,814 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$72 Per Sq Ft

7% Below List Price

33 Days on Market

Highlights

  • Porch
  • Forced Air Heating and Cooling System
  • Private Entrance
  • Cass Technical High School Rated 10

About This Home

As of January 2025

EXCLUSIVE (6)-SIX UNIT OCCUPIED MULTIFAMILY TOWNHOUSE STYLE APARTMENT. GREAT CONDITION. INCOME PRODUCING. TOTALLY UPDATED WITH MODERN KITCHENS, LIVING ROOM, FORMAL DINING ROOM, 2 BEDROOMS, 1 BATHROOM, HARD WOOD FLOORS THROUGHOUT AND FULL BASEMENT IN EACH UNIT. SEPARATE UTILITIES.. NICELY LANDSCAPED AND FENCED. NEW ROOF. PLEASE DO NOT DISTURB THE TENANTS.

Last Agent to Sell the Property

Quinn Martin

Leboursia Realty Group License #6501179804

Last Buyer's Agent

Eleni Zaharopoulos

Clyde Realty LLC License #6501444438

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1941 | Remodeled in 2021

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 48.00 x 152.00
  • Private Entrance

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation

Interior Spaces

  • 6 Full Bathrooms
  • 5,814 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

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

Community Details

  • 6 Units
  • Finns Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I056047S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,608

Year Built

Built in 1941 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Townhouse
  • Architecture Level: 2 Story
  • Assessment: 240.00
  • Year Built: 1941
  • State Equalized Value: 42100.0000
  • Year Renovated: 2021
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Circuit Breakers
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 5814
  • Total Sq Ft: 5814
  • Sq Ft Total Bsmt: 2907

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Lighting, Private Entry
  • Foundation Materials: Block, Brick/Mortar
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

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

Fee Information

  • Operating Expense: 22717.00

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.17
  • Lot Dimensions: 48.00 x 152.00
  • Parcel Number: W21I056047S
  • Zoning: Multi-Family, Residential

Rental Info

  • Rent Includes: Water/Sewer, Snow Removal, Trash Collection (Garbage Pickup), Water, Yard Maintenance
  • Monthly Rental Income: 875

Tax Info

  • Tax Amount Summer: 1459.0000
  • Tax Amount Winter: 149.0000
  • Total Tax: 1608.0000
  • Taxable Value: 15838.0000

Multi Family

  • Gross Scheduled Income: 63600.00
  • Number Of Units Total: 6
  • Number of Two Bedroom Units: 6
  • Number Of Units Leased: 6

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2024
Closed on
Jan 30, 2025
Sold by
Mbg Resource Investments Llc
Bought by
Chalmers 6-Plex Llc
Seller's Agent
Quinn Martin
Leboursia Realty Group
Buyer's Agent
Eleni Zaharopoulos
Clyde Realty LLC
List Price
$450,000
Sold Price
$420,000
Premium/Discount to List
-$30,000
-6.67%
Total Days on Market
33
Views
29
Current Estimated Value
$422,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,269
Avg. Annual Appreciation
1.65%

Purchase Details

Closed on
Aug 18, 2017
Sold by
Gambrell Milvia
Bought by
Mbg Resource Investments Llc

Purchase Details

Closed on
Feb 6, 2006
Sold by
Gambrell Milvia B
Bought by
M & S Enterprise Group Inc

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Detroit, MI

  • 1791 W Grand Blvd, Detroit, MI 48208

    $349,000

    • 10 Beds
    • 5.5 Baths
    • 5,140 Sq Ft
    • 1791 W Grand Blvd
    • Detroit, MI

    Attention investors: this is your chance to own a prime ~5,000 sq ft property near the heart of Detroit! Located just steps from Henry Ford Health System and Wayne State University, and only 10 minutes from Downtown Detroit, this property offers a high-demand location with incredible income potential.Here’s what makes this property a standout deal:? Fully Gutted & Partitioned: Designed for 6

    Ali El Sarout Prestige Realty Group, LLC

    Section Image
  • 1946 Ewald Cir, Detroit, MI 48238

    $425,000

    • 12 Beds
    • 6 Baths
    • 6,473 Sq Ft
    • 1946 Ewald Cir
    • Detroit, MI

    LOOK FOR A GREAT 6 UNITS TOWNHOUSE MULTIFAMILY INVESTMET OPPORTUNITY IN OAKMAN BOULEVARD HISTORIC DISTRICT AREA? Here it is! A solid investment with 4 out of the 6 units currently rented, so you’ll start earning right away. All units are the same layout, 2 beds 1bath hardwoods floors, separate private basements and a walk up 3rd floor loft/attic. All utilities are separate including water.

    Nazareth Sanchez RE/MAX Leading Edge

    Section Image
  • 2545 Cabot St, Detroit, MI 48209

    $425,000

    • 11 Beds
    • 7 Baths
    • 3,520 Sq Ft
    • 2545 Cabot St
    • Detroit, MI

    This well-maintained 7-unit property is a fantastic investment, with 5 units currently rented and generating steady cash flow. The property offers a mix of 3 one-bedroom units and 4 two-bedroom units, providing great rental versatility. Don’t miss the opportunity to tour this income-producing asset today!

    Douglas Rahaim DOBI Real Estate

    Section Image

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 $420,000 Regions Title
Warranty Deed $420,000 Regions Title
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $106,600 Small Business Administration
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2025 01/30/25 Sold $420,000 -6.7% $72 / Sq Ft
12/13/2024 12/13/24 Pending -- -- --
11/09/2024 11/09/24 For Sale $450,000 -- $77 / Sq Ft
Source: Realcomp

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 $1,503 $51,200 $0 $0
2023 $1,459 $42,100 $0 $0
2022 $1,558 $43,300 $0 $0
2021 $1,515 $37,500 $0 $0
2020 $1,514 $37,500 $0 $0
2019 $1,491 $35,700 $0 $0
2018 $1,403 $40,800 $0 $0
2017 $256 $41,700 $0 $0
2016 $1,532 $14,100 $0 $0
2015 $1,410 $14,100 $0 $0
2013 $1,652 $16,515 $0 $0
2010 -- $24,214 $1,463 $22,751
Source: Public Records

Source: Realcomp

MLS Number: 20240084067

Realcomp

APN: 21-056047