NOT LISTED FOR SALE

656 Lothrop Rd Detroit, MI 48202

New Center Neighborhood
19 Beds
19 Baths
13,263 Sq Ft
6,534 Sq Ft Lot

Last Sold November 23, 2018

Last sale price $1,200,000 $90 Per Sq Ft

135 Days on Market

Highlights

  • Hot Water Heating System
  • Cass Technical High School Rated 10
  • 4-minute walk to Pallister Walking Avenue

About This Home

As of November 2018

Prime New Center area - 19 Units consisting of 17 - 1 Bedroom and 2 Storefronts. This Building has been under the same ownership for many years, well maintained and rents have been historically low. Profit and Loss Statement attached. Proof of Funds required prior to showing. This Building can also be purchased with 691 Seward - MLS 218015987
CLB for details

Last Agent to Sell the Property

Fred Andary

F L Andary Realty Company Inc License #6501176222 Listed on: 02/28/2018

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1918

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 46.00x139.75

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 19 Full Bathrooms
  • 13,263 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • 19 Units
  • Lothrop & Duffields Subdivision

Listing and Financial Details

  • Assessor Parcel Number W04I001590S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,850

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 19.00
  • Full Bathrooms: 19
  • Basement: Yes
  • Basement Type: Common
  • Sq Ft Combined: 13263
  • Total Sq Ft: 13263
  • Sq Ft Total Bsmt: 6500

Exterior Features

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

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water
  • Sewer: Sewer at Street
  • Water Source: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 9666666.6667
  • Lot Size Area: 0.15
  • Lot Dimensions: 46.00X139.75
  • Parcel Number: W04I001590S
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 9670

Tax Info

  • Tax Amount Summer: 4236.0000
  • Tax Amount Winter: 614.0000
  • Total Tax: 4850.0000

Multi Family

  • Gross Scheduled Income: 116040.00
  • Number Of Units Total: 19
  • Number of One Bedroom Units: 19
  • Number Of Units Leased: 18

MLS Schools

  • School District: Detroit

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
11/23/2018 11/23/18 Sold $1,200,000 -17.2% $90 / Sq Ft
07/13/2018 07/13/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $1,450,000 -- $109 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Fred Andary

    Seller's Agent in 2018

    Fred Andary

    F L Andary Realty Company Inc

    (313) 720-9505

    34 Total Sales

    Fred Andary
    Section Image

  • N

    Buyer's Agent in 2018

    Non Participant

    Non Realcomp Office

  • U

    Buyer's Agent in 2018

    Unidentified Agent

    Unidentified Office

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Map

Source: Realcomp

MLS Number: 218016000

Realcomp
Michigan Wayne County Detroit 48202 New Center

656 Lothrop Rd, Detroit, MI

This home is located at 656 Lothrop Rd, Detroit, MI 48202 since 28 February 2018. This property was built in 1918. 656 Lothrop Rd is a home located in Wayne County with nearby schools including Thirkell Elementary School, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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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