$47,555
SOLD NOV 22, 2024
4 Beds
2 Baths
2,038 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$23 Per Sq Ft

21% Below List Price

49 Days on Market

Highlights

  • Forced Air Heating System
  • 1 Car Garage
  • 5-minute walk to Curtis Jones Park
  • Cass Technical High School Rated 10
  • Dogs Allowed

About This Home

As of March 2025

**Investor Special!** Home is conveniently located in the up-and-coming Northwest Goldberg neighborhood, just a short walk to Henry Ford Hospital (investing $2.5 billion in the neighborhood), Motown Museum and highly anticipated —a $30 million project featuring 76 affordable live/work spaces, creative retail and a restaurant (Michigan and Trumbull Pizza, Metro Grocery with a Yellow Light Coffee and Donuts inside, and a 9,000-square-foot offshoot of Marble Bar called Lincoln Factory just to name a few!).This property presents a fantastic opportunity for seasoned investors or those looking to dive into a renovation project. This home is in need of full rehabilitation and is being sold as-is, offering you the chance to customize and transform it into your vision. Please note that the seller will not be making any repairs, so come prepared to see the potential that lies within. This sale is strictly cash offers only. Don’t miss out on this chance to invest in a property with endless possibilities! all information deemed reliable but not guaranteed. Buyer or buyer's agent to verify all information.

Last Agent to Sell the Property

James Haidar

RE/MAX First License #6501326730 Listed on: 09/24/2024

RE/MAX First

Last Buyer's Agent

Michael Robbins

Powell Real Estate License #6501382014

Powell Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30.00 x 116.00

Parking

  • 1 Car Garage

Home Design

  • Brick Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 2,038 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 W08I007118S

Community Details

Overview

  • 2 Units
  • Hamlin & Fordyces Sub Subdivision

Pet Policy

  • Dogs Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1917
  • State Equalized Value: 10260.0000
  • Pets Allowed: Dogs OK
  • 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: 2038
  • Total Sq Ft: 2038
  • Sq Ft Total Bsmt: 960

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 30
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 1

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: 0.08
  • Lot Dimensions: 30.00 x 116.00
  • Parcel Number: W08I007118S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2000

Tax Info

  • Tax Amount Summer: 1108.0000
  • Tax Amount Winter: 94.0000
  • Total Tax: 1202.0000
  • Taxable Value: 9975.0000

Multi Family

  • Gross Scheduled Income: 24000.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2025
Closed on
Mar 20, 2025
Sold by
Omega Re Holdings Llc
Bought by
Detroit Community Wealth Builders Llc
Seller's Agent
Michael Robbins
Powell Real Estate
List Price
$67,900
Sold Price
$57,000
Premium/Discount to List
-$10,900
-16.05%
Views
19
Current Estimated Value
$58,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,647
Avg. Annual Appreciation
9.31%

Purchase Details

Closed on
Mar 30, 2023
Sold by
Sheriff Of Wayne County
Bought by
Central Insight Opportunity Zone Fund Llc

Purchase Details

Closed on
Apr 22, 2021
Sold by
Legacy One Investors Group Llc
Bought by
Central Insight Opp Zone Fund Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,150
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 2, 2021
Sold by
Belmont Properties Of Detroit Mi Inc
Bought by
Legacy One Investors Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,150
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 2014
Sold by
Treasurer Of The Charter County Of Wayne
Bought by
Belmont Properties Of Detroit
Source: Public Records

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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 $57,000 Speedy Title & Escrow Services
Warranty Deed $57,000 Speedy Title & Escrow Services
Sheriffs Deed $25,401 None Listed On Document
Warranty Deed $35,000 Greater Illinois Title Co
Quit Claim Deed -- None Available
Quit Claim Deed $600 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $93,150 Commercial
Previous Owner $64,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2025 03/20/25 Sold $57,000 -16.1% $28 / Sq Ft
03/06/2025 03/06/25 Pending -- -- --
02/27/2025 02/27/25 For Sale $67,900 +42.8% $33 / Sq Ft
11/22/2024 11/22/24 Sold $47,555 -13.4% $23 / Sq Ft
11/12/2024 11/12/24 Pending -- -- --
10/25/2024 10/25/24 Price Changed $54,900 -8.3% $27 / Sq Ft
09/24/2024 09/24/24 For Sale $59,900 -- $29 / 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 $1,039 $13,700 $0 $0
2023 $1,008 $10,260 $0 $0
2022 $1,070 $9,500 $0 $0
2021 $287 $6,800 $0 $0
2020 $287 $7,100 $0 $0
2019 $386 $5,400 $0 $0
2018 $380 $5,800 $0 $0
2017 $9 $5,700 $0 $0
2016 $574 $41,600 $0 $0
2015 $46 $500 $0 $0
2013 $410 $4,103 $0 $0
2010 -- $5,878 $462 $5,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240070081

Realcomp

APN: 08-007118