$425,000
PENDING $25K PRICE DROP

Estimated payment $2,894/month

Total Views 6,631
4 Beds
3.5 Baths
2,237 Sq Ft
$190 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Richard Elementary School Rated A
  • 3 Car Garage

About This Home

Welcome to your next dream investment! Nestled in the charming heart of Grosse Pointe, this meticulously maintained 2-unit multifamily building is a gem waiting to shine in your portfolio. With spacious 2-bedroom apartments, each outfitted with updated bathrooms, premium tile floors, and convenient in-unit laundry, this property is designed for both comfort and style. Excellent rental history with current tenants in place, offering immediate income potential. Don't miss out on this turnkey multifamily property! Agent has ownership interest in the property.

Listing Agent

Frank William

Vision Realty Centers License #6501449130

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1922

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50.00 x 128.70

Parking

  • 3 Car Garage

Home Design

  • Duplex
  • Asphalt Roof

Interior Spaces

  • 2,237 Sq Ft Home
  • 2-Story Property
  • Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 37001040063000

Community Details

Overview

  • 2 Units
  • Assr's City Of Grosse Pointe Plat No 3 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,307

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1922
  • State Equalized Value: 142500.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Sq Ft Combined: 2237
  • Total Sq Ft: 2237
  • Sq Ft Total Bsmt: 745

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Michigan Basement
  • Construction Materials: Wood
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 3

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Grosse Pointe

Lot Info

  • Lot Size Area: 0.15
  • Lot Dimensions: 50.00 x 128.70
  • Parcel Number: 37001040063000
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 3250

Tax Info

  • Tax Amount Summer: 3356.0000
  • Tax Amount Winter: 2951.0000
  • Total Tax: 6307.0000
  • Taxable Value: 98701.0000

Multi Family

  • Gross Scheduled Income: 39000.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Grosse Pointe

Map

Range of Values:

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Average Value
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List Price
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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
2024 $3,356 $142,500 $0 $0
2023 $3,200 $138,100 $0 $0
2022 $5,866 $125,400 $0 $0
2021 $5,711 $116,600 $0 $0
2019 $5,783 $110,200 $0 $0
2018 $2,778 $95,600 $0 $0
2017 $4,826 $94,500 $0 $0
2016 $5,090 $90,100 $0 $0
2015 $7,928 $89,600 $0 $0
2013 $7,680 $82,200 $0 $0
2012 -- $75,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2025 01/18/25 Pending -- -- --
01/08/2025 01/08/25 Price Changed $425,000 -5.6% $190 / Sq Ft
12/08/2024 12/08/24 For Sale $450,000 0.0% $201 / Sq Ft
05/18/2022 05/18/22 Rented $1,595 0.0% --
04/26/2022 04/26/22 Under Contract -- -- --
04/23/2022 04/23/22 Price Changed $1,595 +18.1% $1 / Sq Ft
04/21/2022 04/21/22 For Rent $1,350 0.0% --
02/06/2020 02/06/20 Rented $1,350 0.0% --
02/04/2020 02/04/20 Under Contract -- -- --
01/30/2020 01/30/20 For Rent $1,350 -15.6% --
07/14/2016 07/14/16 Rented $1,600 0.0% --
07/13/2016 07/13/16 Under Contract -- -- --
07/13/2016 07/13/16 For Rent $1,600 +23.1% --
01/29/2016 01/29/16 Rented $1,300 0.0% --
01/12/2016 01/12/16 Under Contract -- -- --
12/07/2015 12/07/15 For Rent $1,300 -- --
Source: Realcomp

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed -- Greco
Source: Public Records

Source: Realcomp

MLS Number: 20240090128

Realcomp

APN: 37-001-04-0063-000