NOT LISTED FOR SALE

5940 Appoline St Dearborn, MI 48126

Hemlock Park Neighborhood

Estimated Value: $360,938 - $504,000

4 Beds
4 Baths
3,052 Sq Ft
$146/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $240,000 $79 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $3,113/month

10 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • Fenced
  • Awning
  • Ceiling Fan

About This Home

As of February 2020

Great opportunity to invest into a 3100 sqft, multi-family, 2 stories with 4 units. Each unit is rented out making a strong profit. All units are the same size and they include a large 1 bedroom, an open kitchen, a large living room, and a full bath. The full INVESTMENT brings in $28,000/ per year at around an 8% cap. And the rent could be increased. Seller is motivated and will consider all offers including land contract deals. Hurry and take advantage of this income property in East Dearborn in a great area. It won't last long. This 4 unit apartment building also includes a large basement. In addition, each unit is updated up to city code and behind the building are 4 spacious parking lots for the tenants.

Last Agent to Sell the Property

Steve Saleh

ARG Realty License #6501329576 Listed on: 01/20/2020

Last Buyer's Agent

Fadi Dabaja

RE/MAX Leading Edge License #RCO-6501362745

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 36.00x132.00
  • Fenced

Home Design

  • Duplex
  • Split Level Home
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Chimney Cap

Interior Spaces

  • 4 Full Bathrooms
  • 3,052 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Awning
  • Unfinished Basement

Parking

  • 4 Parking Spaces
  • Paved Parking
  • On-Street Parking

Outdoor Features

  • 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 32821008321004

Community Details

Overview

  • 4 Units
  • Robert Oakmans Oakman Blvd & Miller Ave Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Split Level, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1927
  • State Equalized Value: 102200.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3052

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Awning/Overhang(s), Chimney Cap(s), Fenced
  • Foundation Materials: Block
  • Porch Type: Porch, Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street, Paved
  • Total Parking Spaces: 4

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: No

Lot Info

  • List Price per Acre: 2409090.9091
  • Lot Size Area: 0.11
  • Lot Dimensions: 36.00X132.00
  • Parcel Number: 32821008321004
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Deposit Amount: 130000.00
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 600

Tax Info

  • Tax Amount Summer: 5456.0000
  • Tax Amount Winter: 658.0000
  • Total Tax: 6114.0000
  • Taxable Value: 81807.0000

Multi Family

  • Gross Scheduled Income: 30000.00
  • Number Of Units Total: 4

MLS Schools

  • School District: Dearborn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2023
Sold by
Swan Investments Inc
Bought by
Karali Investments Llc
Current Estimated Value
$444,235

Purchase Details

Listed on
Jan 20, 2020
Closed on
Feb 26, 2020
Sold by
Rikham Investments Llc
Bought by
Swan Investments Inc
Seller's Agent
Steve Saleh
ARG Realty
Buyer's Agent
Fadi Dabaja
RE/MAX Leading Edge
List Price
$265,000
Sold Price
$240,000
Premium/Discount to List
-$25,000
-9.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.90%

Purchase Details

Closed on
Oct 5, 2015
Sold by
Jay & Jack Llc
Bought by
Rikham Investments Llc

Purchase Details

Closed on
Jul 30, 2010
Sold by
Ibrahim Jalal Jay
Bought by
Jay & Jack Llc

Purchase Details

Closed on
Mar 28, 2008
Sold by
Mourtada Khaled
Bought by
Ibrahim Jalal

Purchase Details

Closed on
Mar 15, 2006
Sold by
Sahdad Huda
Bought by
Washington Mutual Bank

Purchase Details

Closed on
Nov 9, 1999
Sold by
Salama Amal Salama
Bought by
Abraham Robert Abraham
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Karali Investments Llc $200,000 None Listed On Document
Karali Investments Llc $200,000 None Listed On Document
Swan Investments Inc -- None Available
Rikham Investments Llc -- Attorney
Jay & Jack Llc -- None Available
Ibrahim Jalal $45,000 Source One Title Agency Inc
Washington Mutual Bank $205,309 None Available
Abraham Robert Abraham $27,551 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2020 02/14/20 Sold $240,000 -9.4% $79 / Sq Ft
01/30/2020 01/30/20 Pending -- -- --
01/20/2020 01/20/20 For Sale $265,000 -- $87 / 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 $9,067 $176,600 $0 $0
2024 $9,128 $164,100 $0 $0
2023 $8,117 $154,400 $0 $0
2022 $9,345 $146,600 $0 $0
2021 $9,575 $130,000 $0 $0
2019 $6,140 $102,200 $0 $0
2018 $5,328 $92,400 $0 $0
2017 $1,255 $82,000 $0 $0
2016 $3,668 $78,600 $0 $0
2015 $5,626 $61,750 $0 $0
2013 $5,450 $54,500 $0 $0
2011 -- $59,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Saleh

    Seller's Agent in 2020

    Steve Saleh

    ARG Realty

    (313) 277-7777

    14 Total Sales

    Steve Saleh
    Section Image
  • Fadi Dabaja

    Buyer's Agent in 2020

    Fadi Dabaja

    RE/MAX

    (248) 321-1680

    215 Total Sales

    Fadi Dabaja
    Section Image
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Map

Source: Realcomp

MLS Number: 2200005383

Realcomp

APN: 32-10-083-21-004

Michigan Wayne County Dearborn 48126 Hemlock Park

5940 Appoline St, Dearborn, MI

Not Listed for Sale

MultiFamily

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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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