NOT LISTED FOR SALE

Estimated Value: $49,000 - $65,713

4 Beds
2 Baths
2,300 Sq Ft
$24/Sq Ft Est. Value

Last Sold January 14, 2025

Last sale price $49,500 $22 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $365/month

58 Days on Market

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Garage

About This Home

As of January 2025

Incredible multifamily investment opportunity located just minutes from downtown Detroit, Henry Ford Hospital, and major amenities! Well below ARV, this spacious duplex has the potential to be a high-value flip or high cash-flowing rental. Boasting two oversized units, each features 2 bedrooms and 1 bathroom, complete with grand separate dining rooms and sprawling living rooms with classic fireplaces. Already separately metered utilities, with newer water heaters and furnaces this duplex is ideal for investors looking to expand your portfolio or settle into a home with income potential, this duplex is a must-see!

Last Agent to Sell the Property

Peter Bahry

Stars Realty LLC License #6501440222 Listed on: 10/22/2024

Co-Listed By

Mike Bahry

Stars Realty LLC License #6501289022

Last Buyer's Agent

Deborah Beattie

NREMG Realty License #6506046718

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1922 | Remodeled in 2009

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35.00 x 120.00

Parking

  • Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,300 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W16I004007S

Community Details

Overview

  • 2 Units
  • Dailey Park Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,229

Year Built

Built in 1922 | Remodeled in 2009

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1922
  • State Equalized Value: 22200.0000
  • Year Renovated: 2009
  • Pets Allowed: Call
  • 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: 2300
  • Total Sq Ft: 2300
  • Sq Ft Total Bsmt: 1150

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes

Utilities

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

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 35.00 x 120.00
  • Parcel Number: W16I004007S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1600

Tax Info

  • Tax Amount Summer: 1132.0000
  • Tax Amount Winter: 97.0000
  • Total Tax: 1229.0000
  • Taxable Value: 10282.0000

Multi Family

  • Gross Scheduled Income: 19200.00
  • 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
Oct 22, 2024
Closed on
Jan 14, 2025
Sold by
Moore Sandra H and Moore Earl D
Bought by
New Center Homes Llc
Seller's Agent
Peter Bahry
Stars Realty LLC
Buyer's Agent
Deborah Beattie
NREMG Realty
List Price
$69,995
Sold Price
$49,500
Premium/Discount to List
-$20,495
-29.28%
Total Days on Market
58
Views
88
Current Estimated Value
$54,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,928
Avg. Annual Appreciation
27.55%
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 Buyer Sale Price Title Company
New Center Homes Llc $49,500 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2025 01/14/25 Sold $49,500 -26.1% $22 / Sq Ft
12/19/2024 12/19/24 Pending -- -- --
12/11/2024 12/11/24 Price Changed $66,995 -4.3% $29 / Sq Ft
10/22/2024 10/22/24 For Sale $69,995 -- $30 / 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
2024 $913 $27,500 $0 $0
2023 $1,132 $22,200 $0 $0
2022 $1,196 $17,600 $0 $0
2021 $1,168 $14,100 $0 $0
2020 $1,167 $13,300 $0 $0
2019 $1,152 $14,300 $0 $0
2018 $1,030 $14,800 $0 $0
2017 $166 $15,200 $0 $0
2016 $1,114 $37,900 $0 $0
2015 $920 $9,200 $0 $0
2013 $1,273 $12,734 $0 $0
2010 -- $18,245 $672 $17,573
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240079726

Realcomp

APN: 16-004007