Seller's Agent in 2025
Joe Hammel
Keller Williams Somerset
(248) 422-1685
2 in this area
1,128 Total Sales
4470 Outer Dr E Detroit, MI 48234
Nortown Neighborhood
18
Beds
18
Baths
11,439
Sq Ft
13,068
Sq Ft Lot
Highlights
- 0.3 Acre Lot
- Cass Technical High School Rated 10
- Forced Air Heating System
About This Home
As of December 2025Welcome to 4470 E Outer Dr, a renovated 2-story, 2-building garden style 18-unit brick apartment building. All units are 1-bed, 1-bath situated on a 13,068 sq ft site with great curb appeal. With 8 agency tenants and 10 cash tenants, this building comes fully occupied and stabilized (over $15,000 gross income per month!) with room yet to increase rents significantly without large capital expenditures. Two newer boilers have been installed, the roof is newer, and the windows are newer and vinyl as well. There is also a parking lot with plenty of parking for tenants. Overall, an ideal opportunity to both cash flow now and value add through a simpler business plan of raising rents in already quality units. Offering memorandum, rent roll and P&L are available upon request.
Last Agent to Sell the Property
Keller Williams Somerset License #6501422602 Listed on: 12/04/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 104.00 x 125.00
Home Design
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 18 Full Bathrooms
- 11,439 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number W15I005039C40
- Seller Concessions Offered
Community Details
Overview
- 18 Units
- Paterson Bros & Co Outer Drive Van Dyke Subdivision
Pet Policy
- Call for details about the types of pets allowed
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/04/2025 12/04/25 | Sold | $975,000 | -2.5% | $85 / Sq Ft | |
| 12/04/2025 12/04/25 | Pending | -- | -- | -- | |
| 12/04/2025 12/04/25 | For Sale | $1,000,000 | +7.0% | $87 / Sq Ft | |
| 11/21/2023 11/21/23 | Sold | $935,000 | -6.5% | $69 / Sq Ft | View Prior Sale |
| 09/29/2023 09/29/23 | Pending | -- | -- | -- | |
| 07/05/2023 07/05/23 | For Sale | $1,000,000 | -- | $74 / 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 |
|---|---|---|---|---|
| 2025 | $26,130 | $363,600 | $0 | $0 |
| 2024 | $25,916 | $342,700 | $0 | $0 |
| 2023 | $22,410 | $289,800 | $0 | $0 |
| 2022 | $12,562 | $254,300 | $0 | $0 |
| 2021 | $26,834 | $170,600 | $0 | $0 |
| 2020 | $24,075 | $136,100 | $0 | $0 |
| 2019 | $12,162 | $136,300 | $0 | $0 |
| 2018 | $11,879 | $161,200 | $0 | $0 |
| 2017 | $2,843 | $150,700 | $0 | $0 |
| 2015 | $14,850 | $148,500 | $0 | $0 |
| 2013 | $14,848 | $148,482 | $0 | $0 |
| 2010 | -- | $159,910 | $8,881 | $151,029 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Hammel
-
Michael Helfant
Seller Co-Listing Agent in 2025
Michael Helfant
Keller Williams Somerset
(248) 649-7200
3 in this area
120 Total Sales
-
Andrea Stephan
A
Buyer's Agent in 2025
Andrea Stephan
The Stephan Group
(586) 216-6990
1 in this area
54 Total Sales
-
Justin Zehel
Seller's Agent in 2023
Justin Zehel
Keller Williams Paint Creek
(586) 350-6689
1 in this area
64 Total Sales
Map
Source: Realcomp
MLS Number: 20251058117
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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