NOT LISTED FOR SALE

Estimated Value: $85,000 - $102,000

4 Beds
2 Baths
2,054 Sq Ft
$45/Sq Ft Est. Value

Last Sold August 23, 2024

Last sale price $95,000 $46 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $582/month

21 Days on Market

Highlights

  • Colonial Architecture
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of August 2024

Welcome to your next investment opportunity in the vibrant Russell Woods Community of Detroit! This 2-unit multifamily property offers an excellent opportunity for investors or owner-occupants looking to generate rental income in a thriving neighborhood. Situated on a spacious lot, this property boasts a charming exterior with a deck in the back, providing an ideal space for outdoor relaxation or entertaining. Additionally, each unit features a balcony, offering tenants a private outdoor retreat. Both units are in good condition and are ready for tenants to move in immediately. With a potential rental income of $1200 per month for each unit, this property presents a lucrative investment opportunity with significant earning potential. Russell Woods is a highly desirable community within the city of Detroit, known for its historic charm and ongoing revitalization efforts. As the neighborhood continues to grow and improve, this property stands to benefit from its prime location and promising future prospects. Minimal cosmetic updating may be desired to further enhance the property's appeal and value, but overall, it is move-in ready and awaits its next occupants. Don't miss out on the chance to own a piece of this up-and-coming community and start generating passive income with this turnkey investment opportunity. Schedule a viewing today and seize the potential this property has to offer!

Last Agent to Sell the Property

JeQua Halliburton

Braven Enterprises LLC License #6501403211 Listed on: 07/11/2024

Last Buyer's Agent

JeQua Halliburton

Braven Enterprises LLC License #6501403211 Listed on: 07/11/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924

Lot Details

  • 436 Sq Ft Lot
  • Lot Dimensions are 35x119

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,054 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Russell Woods Subdivision

Listing and Financial Details

  • Assessor Parcel Number W14I005153S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,323

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Duplex
  • Architecture Level: 2 Story
  • Year Built: 1924
  • State Equalized Value: 34500.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2054
  • Total Sq Ft: 2054
  • Sq Ft Total Bsmt: 1027

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 35
  • Road Frontage Type: Paved

Utilities

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

Fee Information

  • Operating Expense: 10500.00

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.01
  • Lot Dimensions: 35x119
  • Parcel Number: W14I005153S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2500

Tax Info

  • Tax Amount Summer: 1123.0000
  • Tax Amount Winter: 200.0000
  • Total Tax: 1323.0000

Multi Family

  • Gross Scheduled Income: 30000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Aug 23, 2024
Sold by
Jbd Holdings Llc
Bought by
4267 W Buena Vista St Llc
Seller's Agent
JeQua Halliburton
Braven Enterprises LLC
Buyer's Agent
JeQua Halliburton
Braven Enterprises LLC
List Price
$109,000
Sold Price
$95,000
Premium/Discount to List
-$14,000
-12.84%
Views
65
Current Estimated Value
$92,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,080
Avg. Annual Appreciation
-2.19%
Original Mortgage
$76,000
Outstanding Balance
$75,262
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$17,658

Purchase Details

Closed on
Feb 24, 2023
Sold by
Jay Buys Detroit Llc
Bought by
Jbd Holdings Llc

Purchase Details

Closed on
Jul 1, 2021
Sold by
Acquisitions R Us Llc
Bought by
Jay Buy Detroit Llc

Purchase Details

Closed on
Sep 17, 2014
Sold by
Green Apple Homes Llc
Bought by
Acquisitions R Us Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,700
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2014
Sold by
Dr Congo Llc
Bought by
Green Apple Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,700
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2013
Sold by
Metro Detroit Home Solutions Llc
Bought by
Dr Congo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
3.46%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 25, 2013
Sold by
Macon Keith G
Bought by
Metro Detroit Home Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
3.46%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 2, 2008
Sold by
Urban Development Solutions Group Llc
Bought by
Macom Keith G

Purchase Details

Closed on
Sep 2, 2008
Sold by
Fremont Investment & Loan
Bought by
Urban Development Solutions Group Llc

Purchase Details

Closed on
Oct 31, 2007
Sold by
Turner Lorita and Turner Lorita K
Bought by
Fremont Investment & Loan
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
4267 W Buena Vista St Llc $95,000 Old Woodward Title
Jbd Holdings Llc -- --
Jbd Holdings Llc -- None Listed On Document
Jay Buy Detroit Llc $55,000 None Available
Acquisitions R Us Llc $83,750 None Available
Green Apple Homes Llc -- None Available
Dr Congo Llc $45,000 None Available
Metro Detroit Home Solutions Llc -- None Available
Macom Keith G -- None Available
Urban Development Solutions Group Llc -- None Available
Fremont Investment & Loan $46,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4267 W Buena Vista St Llc $76,000
Previous Owner Acquisitions R Us Llc $64,700
Previous Owner Acquisitions R Us Llc $64,700
Previous Owner Dr Congo Llc $51,450
Previous Owner Dr Congo Llc $49,000
Previous Owner Dr Congo Llc $49,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2024 08/23/24 Sold $95,000 -12.8% $46 / Sq Ft
07/11/2024 07/11/24 For Sale $109,000 -- $53 / 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 $904 $55,300 $0 $0
2024 $904 $42,400 $0 $0
2023 $1,123 $34,500 $0 $0
2022 $1,186 $26,900 $0 $0
2021 $1,158 $19,800 $0 $0
2020 $1,158 $18,500 $0 $0
2019 $1,143 $14,100 $0 $0
2018 $1,022 $14,400 $0 $0
2017 $165 $14,200 $0 $0
2016 $1,105 $28,500 $0 $0
2015 $910 $9,100 $0 $0
2013 $1,267 $12,667 $0 $0
2010 -- $18,150 $1,042 $17,108
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240049964

Realcomp

APN: 14-005153