NOT LISTED FOR SALE

4012 W Euclid St Detroit, MI 48204

Petoskey-Otsego Neighborhood

Estimated Value: $97,000 - $116,000

4 Beds
2 Baths
2,078 Sq Ft
$52/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $98,000 $47 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $733/month

39 Days on Market

Highlights

  • Covered patio or porch
  • Balcony
  • Ceiling Fan
  • Cass Technical High School Rated 10
  • Forced Air Heating System
  • 2 Car Garage

About This Home

As of September 2023

Looking for an excellent investment property in a growing Detroit neighborhood? This towering 2,000 sq ft multi-family is a phenomenal option. At under $100k this property is priced to sell! One of the units is occupied and the lower unit is vacant. Market rent per unit is approximately $900/mo. This would make a high ROI property once fully leased. Located just a short drive away from Henry Ford Hospital and the bustling New Center area. Separate gas and electric meters, newly landscaped, newer vinyl windows. Beautiful upper balcony and front porch! Schedule a showing today!

Last Agent to Sell the Property

Al Baydoun

U.S. Investor Group License #6501424036 Listed on: 07/31/2023

Co-Listed By

Sam Berri

U.S. Investor Group License #6501413969

Last Buyer's Agent

Giselle Gaitan

@propertiesChristie's Int'l RE License #6501442113

@propertiesChristie's Int'l RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1916 | Remodeled in 2023

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 35.00 x 104.00
  • Fenced

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 2,078 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Parking

  • 2 Car Garage
  • On-Street Parking

Outdoor Features

  • Balcony
  • Covered patio or porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number W14I002873S

Community Details

Overview

  • 2 Units
  • Stormfeltz Lovely Co Sub Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$770

Year Built

Built in 1916 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1916
  • State Equalized Value: 16200.0000
  • Year Renovated: 2023
  • Pets Allowed: Cats OK
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2078
  • Total Sq Ft: 2078
  • Sq Ft Total Bsmt: 1024

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 35
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages, On Street
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Fee Information

  • Operating Expense: 3600.00

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: 35.00 x 104.00
  • Parcel Number: W14I002873S
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1800

Tax Info

  • Tax Amount Summer: 719.0000
  • Tax Amount Winter: 51.0000
  • Total Tax: 770.0000
  • Taxable Value: 5464.0000

Multi Family

  • Gross Scheduled Income: 21600.00
  • Number Of Units Total: 2
  • Number of Two 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
Jul 31, 2023
Closed on
Sep 29, 2023
Sold by
Quantum Leap Investments Llc
Bought by
Pauls Stathis Abelakiotis
Seller's Agent
Al Baydoun
U.S. Investor Group
Buyer's Agent
Giselle Gaitan
@propertiesChristie's Int'l RE
List Price
$99,000
Sold Price
$98,000
Premium/Discount to List
-$1,000
-1.01%
Views
60
Current Estimated Value
$113,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,171
Avg. Annual Appreciation
8.63%
Original Mortgage
$85,000
Outstanding Balance
$83,738
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$30,678

Purchase Details

Closed on
May 20, 2022
Sold by
Saratoga Group Llc
Bought by
Quantum Leap Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2022
Sold by
Tc Deals Llc
Bought by
Saratoga Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2022
Sold by
Armour Noretha
Bought by
T C Deals Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Pauls Stathis Abelakiotis $100,000 Paramount Title
Quantum Leap Investments Llc $70,000 None Listed On Document
Saratoga Group Llc $49,900 None Listed On Document
T C Deals Llc $20,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pauls Stathis Abelakiotis $85,000
Previous Owner Quantum Leap Investments Llc $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $98,000 -1.0% $47 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
07/31/2023 07/31/23 For Sale $99,000 -- $48 / 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
2025 $1,354 $39,200 $0 $0
2024 $1,354 $32,400 $0 $0
2023 $1,910 $20,400 $0 $0
2022 $971 $16,200 $0 $0
2021 $757 $12,400 $0 $0
2020 $754 $15,000 $0 $0
2019 $747 $11,600 $0 $0
2018 $680 $5,000 $0 $0
2017 $165 $9,700 $0 $0
2016 $1,027 $20,000 $0 $0
2015 $900 $9,000 $0 $0
2013 $914 $12,538 $0 $0
2010 -- $17,964 $688 $17,276
Source: Public Records

Agents Affiliated with this Home

  • Al Baydoun

    Seller's Agent in 2023

    Al Baydoun

    U.S. Investor Group

    (313) 673-2655

    1 in this area

    144 Total Sales

    Section Image
  • Sam Berri

    Seller Co-Listing Agent in 2023

    Sam Berri

    U.S. Investor Group

    (248) 255-9114

    1 in this area

    157 Total Sales

    Section Image

  • G

    Buyer's Agent in 2023

    Giselle Gaitan

    @propertiesChristie's Int'l RE

    (586) 859-9365

    3 in this area

    73 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 20230061786

Realcomp

APN: 14-002873

Michigan Wayne County Detroit 48204 Petoskey-Otsego

4012 W Euclid St, Detroit, MI

This home is located at 4012 W Euclid St, Detroit, MI 48204 since 31 July 2023 and is currently estimated at $108,718, approximately $52 per square foot. This property was built in 1916. 4012 W Euclid St is a home located in Wayne County with nearby schools including Thirkell Elementary School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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