9200 King Richard St Detroit, MI 48224
Outer Drive-Hayes NeighborhoodEstimated payment $718/month
Highlights
- No HOA
- 2 Car Detached Garage
- Heating System Uses Natural Gas
- Cass Technical High School Rated 10
About This Home
I've got a move-in ready opportunity in a strong rental and resale pocket of Detroit that your cash buyer will love: 3 Beds | 1.5 Bath | 1,310 Sq Ft | Built 1928
Newly Renovated Ready to Close
Asking Price: $115,000 Why this is a winner: Strong rental comps & resale demand in the area Fully renovated = no rehab headaches Great ROI potential for investors or a turnkey addition to their portfolio If you have a serious cash buyer, this is the one to put in front of them today. Properties like this don't sit long. ( ACT FAST ( Hot deal in a strong rental and resale area. This won't last!
=Í Address: 9200 King Richard St, Detroit, MI 48224
á Property Type: Fully Renovated Brick Single Family Home
=Å Year Built: 1928
=Ë Beds/Baths: 3 Bed / 1 Bath
=Ï Sq Ft: 1,310 sq ft
? Lot Size: 5,663 sq ft
________________________________________
=Ê INVESTMENT HIGHLIGHTS
"Turnkey Condition Recently fully renovated inside and out
Here's your breakdown for a $135,000 FHA loan at 7% interest, with $2,763 yearly taxes and $1,200 yearly insurance:
"Principal & Interest (PI): $866.72/month
"Taxes: $230.25/month
"Insurance: $100.00/month
"Total PITI: $1,200/month ________________________________________
= PRICING
"=€ Asking Price: $135,000
"Buyer pays all closing costs
"Clean title, ready to close
________________________________________
= ACCESS & TERMS
"Property is vacant & secured
"Lockbox access available upon request
________________________________________
=Þ CONTACT
Jorge Cortes Phone: 786-290-3795 Email: jctrealestateinvestments@gmail.com
Home Details
Home Type
- Single Family
Year Built
- Built in 1928
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 60x92
Parking
- 2 Car Detached Garage
- Front Facing Garage
- Side Facing Garage
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,310 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Main Level Bedroom
Laundry
- Laundry on main level
- Gas Dryer Hookup
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Schools
- Wayne Elementary School
Utilities
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,703 | $34,600 | $0 | $0 |
| 2024 | $1,703 | $28,900 | $0 | $0 |
| 2023 | $1,655 | $23,100 | $0 | $0 |
| 2022 | $1,770 | $17,500 | $0 | $0 |
| 2021 | $492 | $14,500 | $0 | $0 |
| 2020 | $492 | $13,800 | $0 | $0 |
| 2019 | $487 | $11,800 | $0 | $0 |
| 2018 | $450 | $9,400 | $0 | $0 |
| 2017 | $51 | $8,800 | $0 | $0 |
| 2016 | $476 | $17,600 | $0 | $0 |
| 2015 | $264 | $17,600 | $0 | $0 |
| 2013 | $256 | $19,513 | $0 | $0 |
| 2010 | -- | $28,609 | $1,542 | $27,067 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/31/2025 10/31/25 | Price Changed | $110,000 | -4.3% | $84 / Sq Ft | |
| 10/14/2025 10/14/25 | Price Changed | $115,000 | -4.2% | $88 / Sq Ft | |
| 09/23/2025 09/23/25 | Price Changed | $120,000 | -4.0% | $92 / Sq Ft | |
| 09/04/2025 09/04/25 | Price Changed | $125,000 | -3.8% | $95 / Sq Ft | |
| 08/28/2025 08/28/25 | Price Changed | $130,000 | -3.7% | $99 / Sq Ft | |
| 08/14/2025 08/14/25 | For Sale | $135,000 | +233.3% | $103 / Sq Ft | |
| 08/26/2021 08/26/21 | Sold | $40,500 | -33.6% | $31 / Sq Ft | View Prior Sale |
| 06/02/2021 06/02/21 | Pending | -- | -- | -- | |
| 05/25/2021 05/25/21 | For Sale | $61,000 | -- | $47 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $55,000 | None Available | |
| Deed | $35,000 | None Available | |
| Warranty Deed | $48,000 | Greco | |
| Deed | $25,000 | -- | |
| Deed | $20,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $81,750 | New Conventional |
Source: MichRIC
MLS Number: 25041337
APN: 21-068451
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