$480,000
SOLD MAR 10, 2025
-- Bed
-- Bath
4,752 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$101 Per Sq Ft

4% Below List Price

28 Days on Market

Highlights

  • 1 Fireplace
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of March 2025

Discover a remarkable investment opportunity with this fully updated 4-unit multifamily home, featuring 12 spacious bedrooms and 4 modern full baths. Perfect for investors or families seeking additional income, this property allows you to live in one unit while renting out the other three, offering the potential to live for free! Each unit has been meticulously renovated to include new kitchens, updated plumbing, and stylish modern finishes, ensuring a comfortable and inviting atmosphere for residents. With over 1,300 square feet of living space, each unit boasts a generous master suite equipped with a walk-in closet, providing ample storage and luxury. The property is enhanced by a brand new roof, windows, updated bathrooms, and a new furnace, guaranteeing long-term value and minimal maintenance worries. Located just 2.5 miles from downtown Detroit, you'll enjoy convenient access to a vibrant array of city amenities and attractions, making this property even more appealing. Whether you're an astute investor or seeking a multi-family home with exceptional potential, this prime location and thoughtfully updated property is an opportunity not to be missed!

Last Agent to Sell the Property

Latrell Taylor

Fathom Realty License #6501363537 Listed on: 01/10/2025

Fathom Realty

Last Buyer's Agent

Natalie Schlosberg

EXP Realty Main License #6501456628

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,704

Year Built

  • Built in 1916

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 50x164

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,704

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1916
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x164
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5704.0
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 499900.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Dimensions: 50x164
  • Lot Size Sq Ft: 8276.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 5704.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2025
Closed on
Mar 10, 2025
Sold by
Tri County Realty & Investments Llc
Bought by
Garland Kelly Rose and Steinfield Zoe Russick
Seller's Agent
Latrell Taylor
Fathom Realty
Buyer's Agent
Natalie Schlosberg
EXP Realty Main
List Price
$499,900
Sold Price
$480,000
Premium/Discount to List
-$19,900
-3.98%
Views
96
Current Estimated Value
$473,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,641
Avg. Annual Appreciation
-13.51%
Original Mortgage
$384,000
Outstanding Balance
$383,029
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$72,534

Purchase Details

Listed on
Oct 1, 2024
Closed on
Sep 19, 2024
Sold by
Loan Funder Llc and Series 18003 Llc
Bought by
Tri County Realty & Investments Llc
Seller's Agent
Jeff Glover
KW Professionals
Buyer's Agent
Davonte Moore
KW Professionals
List Price
$115,000
Sold Price
$145,000
Premium/Discount to List
$30,000
26.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1176.77%
Original Mortgage
$319,000
Interest Rate
6.46%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 28, 2023
Sold by
Wayne County Sheriff
Bought by
Sftb Llc

Purchase Details

Listed on
Nov 4, 2019
Closed on
Apr 6, 2021
Sold by
General Partners Gpx Llc
Bought by
Sftb Llc
Seller's Agent
Rebecca Hale
Hale Realty
Buyer's Agent
Tennitia Wilson
Cosmopolitan Real Estate Svs
List Price
$100,000
Sold Price
$95,000
Premium/Discount to List
-$5,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.24%
Original Mortgage
$207,275
Interest Rate
3.05%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 4, 2019
Closed on
Apr 1, 2021
Sold by
Owe Ayodele and Owe Asisalu
Bought by
General Partners Gpx Llc
Seller's Agent
Rebecca Hale
Hale Realty
Buyer's Agent
Tennitia Wilson
Cosmopolitan Real Estate Svs
List Price
$100,000
Sold Price
$95,000
Premium/Discount to List
-$5,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,275
Interest Rate
3.05%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 9, 2004
Sold by
Owe Ayodele
Bought by
Owe Ayodele
Source: Public Records

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Range of Values:

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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 $480,000 Top Title
Warranty Deed $480,000 Top Title
Warranty Deed $145,000 Detroit Metro Title Agency
Sheriffs Deed $208,572 None Listed On Document
Warranty Deed $137,000 Speedy T&E Services Llc
Warranty Deed $95,000 Speedy T&E Svcs Llc
Interfamily Deed Transfer -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $384,000 New Conventional
Previous Owner $319,000 Construction
Previous Owner $207,275 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2025 03/10/25 Sold $480,000 -4.0% $101 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
01/10/2025 01/10/25 For Sale $499,900 +244.8% $105 / Sq Ft
09/19/2024 09/19/24 Sold $145,000 +26.1% $31 / Sq Ft
06/03/2024 06/03/24 Off Market $115,000 -- --
05/08/2024 05/08/24 Pending -- -- --
04/26/2024 04/26/24 For Sale $115,000 +21.1% $24 / Sq Ft
04/06/2021 04/06/21 Sold $95,000 -5.0% $18 / Sq Ft
03/07/2021 03/07/21 For Sale $100,000 0.0% $19 / Sq Ft
02/18/2021 02/18/21 Pending -- -- --
12/28/2020 12/28/20 Price Changed $100,000 +5.3% $19 / Sq Ft
08/02/2020 08/02/20 For Sale $94,999 0.0% $18 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $94,999 0.0% $18 / Sq Ft
05/28/2020 05/28/20 Pending -- -- --
04/21/2020 04/21/20 For Sale $94,999 0.0% $18 / Sq Ft
03/14/2020 03/14/20 Pending -- -- --
02/25/2020 02/25/20 For Sale $94,999 0.0% $18 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
02/03/2020 02/03/20 For Sale $94,999 0.0% $18 / Sq Ft
01/22/2020 01/22/20 Off Market $95,000 -- --
11/04/2019 11/04/19 For Sale $94,999 -- $18 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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
2024 $5,704 $72,400 $0 $0
2023 $2,051 $44,600 $0 $0
2022 $2,198 $37,700 $0 $0
2021 $2,134 $30,900 $0 $0
2020 $2,133 $32,800 $0 $0
2019 $2,047 $26,800 $0 $0
2018 $1,918 $27,200 $0 $0
2017 $381 $30,300 $0 $0
2016 $2,110 $73,500 $0 $0
2015 $2,090 $20,900 $0 $0
2013 $1,420 $24,486 $0 $0
2010 -- $35,900 $734 $35,166
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25001294

Southwestern Michigan Association of REALTORS®

APN: 15-008869