$197,000
$3K PRICE DROP

Estimated payment $1,461/month

Total Views 6,036
4 Beds
2.5 Baths
2,279 Sq Ft
$86 Price per Sq Ft

Highlights

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

About This Home

Welcome to this fantastic investment opportunity in the highly sought-after East Village neighborhood of Detroit! This well-maintained duplex offers a unique blend of immediate income and future potential.

One half of the property is currently occupied by a reliable tenant who pays $1250 per month. The other half is vacant and ready for your immediate occupancy or to welcome a new tenant. This flexibility allows you to generate instant cash flow while planning your next steps.

This duplex represents an excellent long-term investment in a neighborhood with strong appreciation potential. Whether you choose to occupy one unit and rent the other, or lease both for maximum income, this property is perfectly positioned to capitalize on the ongoing revitalization of East Village. Don't miss out on this exceptional opportunity to own a piece of Detroit's exciting future.

East Village is undeniably one of the hottest and most revitalizing neighborhoods in Detroit, experiencing significant growth and development. Residents enjoy the convenience of close proximity to multiple major hospitals, making it an attractive location for healthcare professionals. Easy access to expressways ensures a quick commute to Downtown Detroit and beyond. Furthermore, the neighborhood is a vibrant hub with a thriving nightlife scene, offering a dynamic lifestyle! Schedule your showing today!

Listing Agent

Joe Hammel

Keller Williams Somerset License #6501422602 Listed on: 05/16/2025

Keller Williams Somerset

Co-Listing Agent

Richard Brown

Keller Williams Somerset License #6501438359

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00 x 122.00

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,279 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 W21I073245S

Community Details

Overview

  • 2 Units

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Duplex
  • Architecture Level: 2 Story
  • Assessment: 350.00
  • Year Built: 1929
  • State Equalized Value: 60500.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2279
  • Total Sq Ft: 2279
  • Sq Ft Total Bsmt: 712

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Frontage Feet: 40
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 2

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: 0.11
  • Lot Dimensions: 40.00 x 122.00
  • Parcel Number: W21I073245S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1250

Tax Info

  • Tax Amount Summer: 4908.0000
  • Tax Amount Winter: 141.0000
  • Total Tax: 5049.0000
  • Taxable Value: 60500.0000

Multi Family

  • Gross Scheduled Income: 15000.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $4,658 $71,600 $0 $0
2024 $4,658 $60,500 $0 $0
2023 $1,365 $48,100 $0 $0
2022 $1,465 $37,900 $0 $0
2021 $1,429 $23,400 $0 $0
2020 $1,423 $22,400 $0 $0
2019 $1,402 $17,000 $0 $0
2018 $1,227 $14,300 $0 $0
2017 $243 $12,800 $0 $0
2016 $2,281 $25,600 $0 $0
2015 $2,560 $25,600 $0 $0
2013 $3,550 $35,499 $0 $0
2010 -- $49,272 $1,590 $47,682
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 Price Changed $197,000 -1.0% $86 / Sq Ft
06/06/2025 06/06/25 Price Changed $199,000 -0.5% $87 / Sq Ft
05/16/2025 05/16/25 For Sale $200,000 +37.5% $88 / Sq Ft
07/11/2023 07/11/23 Sold $145,500 +3.9% $64 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/18/2023 04/18/23 For Sale $140,000 -- $61 / Sq Ft
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Sheriffs Deed $159,362 None Listed On Document
Sheriffs Deed $159,362 None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $145,500 Reputation First Title
Deed $9,000 Attorneys Title Agency Llc
Sheriffs Deed $124,112 None Available
Warranty Deed $130,000 Express Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $142,400 New Conventional
Previous Owner $109,125 New Conventional
Previous Owner $117,000 Unknown
Source: Public Records

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Source: Realcomp

MLS Number: 20250036362

Realcomp

APN: 21-073245