Seller's Agent in 2025
Ishma Best
Prep Realty
(313) 355-3004
3 in this area
98 Total Sales
727 Hazelwood St Detroit, MI 48202
Piety Hill Neighborhood
--
Bed
--
Bath
1,782
Sq Ft
5,227
Sq Ft Lot
Highlights
- 2 Fireplaces
- 2 Car Garage
- Heating System Uses Natural Gas
- Cass Technical High School Rated 10
About This Home
As of March 2025There are no showings without an accepted offer. Please do not disturb tenants.
Discover a rare investment opportunity in the heart of Piety Hill, one of Detroit's most sought-after neighborhoods. This recently renovated 4-unit property features studio apartments, with 3 long-term tenants in place and 1 unit currently operating as a successful Airbnb. Just a 5-minute drive to Midtown and less than 10 minutes from downtown Detroit, this property is perfectly positioned for convenience and growth.
With quadplexes in high-demand areas moving fast, now is the time to act. Whether you're expanding your investment portfolio or seeking a property with immediate rental income, this opportunity won't last long!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,961
Year Built
- Built in 1908
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 20 x 125
Home Design
- Brick Exterior Construction
- Composition Roof
- Shingle Siding
- Vinyl Siding
Interior Spaces
- 2 Fireplaces
- Basement Fills Entire Space Under The House
Parking
- 2 Car Garage
- Driveway
Utilities
- Heating System Uses Natural Gas
- Radiant Heating System
- Natural Gas Connected
Community Details
- 2 Buildings
- 4 Units
Listing and Financial Details
- The owner pays for trash collection, electricity, water, sewer, gas
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 30, 2025
Closed on
Mar 7, 2025
Sold by
Drevf Ii Refinance Llc
Bought by
Arrendell Pia
Seller's Agent
Ishma Best
Prep Realty
Buyer's Agent
Jim Shaffer
Good Company
List Price
$269,000
Sold Price
$269,000
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,149
Avg. Annual Appreciation
-0.56%
Original Mortgage
$201,750
Outstanding Balance
$200,212
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$67,639
Purchase Details
Closed on
Nov 26, 2019
Sold by
Detroit Real Estate Value Fund Ii Llc
Bought by
Drevf Ii Refinance Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,058,375
Interest Rate
3.74%
Mortgage Type
Commercial
Purchase Details
Closed on
May 24, 2018
Sold by
Henderson James and Henderson Norma
Bought by
Detroit Real Estate Value Fund Ii Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $269,000 | None Listed On Document | |
| Deed | -- | None Available | |
| Warranty Deed | $48,000 | Michigan Investment Title In |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $201,750 | New Conventional | |
| Previous Owner | $2,058,375 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/07/2025 03/07/25 | Sold | $269,000 | 0.0% | $151 / Sq Ft |
| 01/30/2025 01/30/25 | For Sale | $269,000 | 0.0% | $151 / Sq Ft |
| 12/17/2024 12/17/24 | Pending | -- | -- | -- |
| 10/21/2024 10/21/24 | For Sale | $269,000 | 0.0% | $151 / Sq Ft |
| 09/01/2022 09/01/22 | Rented | $1,200 | +50.9% | -- |
| 07/20/2022 07/20/22 | Under Contract | -- | -- | -- |
| 04/29/2022 04/29/22 | For Rent | $795 | 0.0% | -- |
| 04/21/2022 04/21/22 | Under Contract | -- | -- | -- |
| 04/08/2022 04/08/22 | For Rent | $795 | 0.0% | -- |
| 04/01/2022 04/01/22 | Rented | $795 | 0.0% | -- |
| 03/19/2022 03/19/22 | Under Contract | -- | -- | -- |
| 02/16/2022 02/16/22 | For Rent | $795 | 0.0% | -- |
| 05/27/2021 05/27/21 | Rented | $795 | 0.0% | -- |
| 05/27/2021 05/27/21 | Under Contract | -- | -- | -- |
| 05/05/2021 05/05/21 | Price Changed | $795 | -0.6% | $2 / Sq Ft |
| 04/20/2021 04/20/21 | For Rent | $800 | +3.2% | -- |
| 09/01/2020 09/01/20 | Rented | $775 | 0.0% | -- |
| 09/01/2020 09/01/20 | Rented | $775 | 0.0% | -- |
| 08/21/2020 08/21/20 | Under Contract | -- | -- | -- |
| 08/21/2020 08/21/20 | Under Contract | -- | -- | -- |
| 08/11/2020 08/11/20 | For Rent | $775 | 0.0% | -- |
| 07/06/2020 07/06/20 | Price Changed | $775 | -6.1% | $2 / Sq Ft |
| 07/06/2020 07/06/20 | For Rent | $825 | -- | -- |
Source: MichRIC
Tax History Compared to Growth
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 | $1,961 | $78,600 | $0 | $0 |
| 2024 | $1,961 | $62,700 | $0 | $0 |
| 2023 | $1,905 | $50,500 | $0 | $0 |
| 2022 | $2,041 | $36,300 | $0 | $0 |
| 2021 | $1,981 | $30,100 | $0 | $0 |
| 2020 | $1,980 | $26,100 | $0 | $0 |
| 2019 | $1,948 | $19,300 | $0 | $0 |
| 2018 | $1,249 | $15,500 | $0 | $0 |
| 2017 | $219 | $15,800 | $0 | $0 |
| 2016 | $1,359 | $23,000 | $0 | $0 |
| 2015 | $1,142 | $15,000 | $0 | $0 |
| 2013 | $1,107 | $17,687 | $0 | $0 |
| 2010 | -- | $23,455 | $676 | $22,779 |
Source: Public Records
Agents Affiliated with this Home
-
Ishma Best
-
Jim Shaffer
Buyer's Agent in 2025
Jim Shaffer
Good Company
(248) 834-3030
2 in this area
3,706 Total Sales
-
C
Seller's Agent in 2022
Cynthia Thomas
PREP Realty
-
R
Seller's Agent in 2022
Rob Lockett
PREP Realty
-
C
Buyer's Agent in 2022
Cynthia Lewis
PREP Realty
Map
Source: MichRIC
MLS Number: 24055315
APN: 04-002307
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.
Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.
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