$57,000
SOLD MAR 20, 2025
4 Beds
2 Baths
2,038 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$28 Per Sq Ft

16% Below List Price

7 Days on Market

Highlights

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

About This Home

As of March 2025

**Transformative Opportunity in Prime Location!**Unlock the full potential of this spacious multi-family property, brimming with character and possibilities. Nestled in a desirableneighborhood, this fixer-upper offers a unique chance for investors and visionaries alike to create lasting value. This multi-familyunit boasts generous living spaces with ample room for creativity and modernization. Each unit has the potential to betransformed into a stylish and functional living space that attracts quality tenants. Located in a thriving community with highdemand for rental properties, you’ll benefit from a robust rental market and the prospect of significant cash flow. With some TLC,you can enhance the property’s appeal and value. Whether it’s updating kitchens and bathrooms, refreshing the exterior, orimproving energy efficiency, the opportunities for renovation are endless. The property features a sizable outdoor area that canbe revitalized into a beautiful garden or outdoor entertainment space, further boosting its attractiveness to future tenants. Withrising property values in the area, this investment not only offers immediate rental income but also long-term appreciationpotential. Close to schools, parks, shopping, and public transportation, this property is ideally situated for easy access toeverything residents need.This is more than just a property; it’s a canvas waiting for your vision! Don’t miss this chance to invest in a multifamilyopportunity with tremendous upside potential. Schedule your viewing today and see the possibilities firsthand!

Last Agent to Sell the Property

Michael Robbins

Powell Real Estate License #6501382014 Listed on: 02/27/2025

Powell Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

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

  • Duplex
  • Brick Exterior Construction
  • Block 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
  • Sewer in Street

Community Details

  • 2 Units
  • Hamlin & Fordyces Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W08I007118S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,233

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Assessment: 350.00
  • Year Built: 1917
  • State Equalized Value: 13700.0000
  • Pets Allowed: No
  • 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: Brick, Vinyl
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 1

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • 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

Tax Info

  • Tax Amount Summer: 1139.0000
  • Tax Amount Winter: 94.0000
  • Total Tax: 1233.0000
  • Taxable Value: 10473.0000

Multi Family

  • 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: 20250013010

Realcomp

APN: 08-007118