***Investor Special*** This recently vacated multi-family unit is an investor's dream. With a competitive price, this property features a 1-bedroom, 1-bathroom unit upstairs and a 2-bedroom, 1-bathroom unit downstairs. Each unit has a sizeable living room, formal dining room, and its own separate entrance and basement access. The property boasts a large, fenced yard and is conveniently located with easy access to downtown Detroit via Grand River Avenue, or to northern Detroit suburbs via quick connections to I-96 and the Lodge Freeways. With some rehabilitation and updates, this could become a profitable multi-unit rental property. Potential rental income could reach up to $2,000/month, with an after-repair value (ARV) of $119k and higher, based on comparable properties in the same block and surrounding areas.
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1926
Stories: 2
Living Area: 1,680 SqFt
Listing Office:
Office Name: C Miles Realty LLC
Office Phone: (313) 912-6694
Listing Agent: Charvez C Miles
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 2
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.09 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: Wyoming South pass Grand River to Elmira
Price Information
Listing Price Info
Price Summary:
List Price: $59,900
Price Per SqFt: $36/SqFt
Tax Information:
Annual Amount: $1,312
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $21.1K less than the Median Sold Price and $35/SqFt less than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240032452
Listing Office:
Office Name: C Miles Realty LLC
Office Phone: (313) 912-6694
Listing Agent: Charvez C Miles
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
5
/10
McDonald Elementary School
10151 Diversey St
Distance between this listing and this school1.59 miles
Public District Grades PK-5
3
/10
McCollough Elementary School
7801 Maple St
Distance between this listing and this school1.78 miles
Public District Grades PK-5
2
/10
Riverside Academy
7124 Miller Rd
Distance between this listing and this school1.93 miles
Public Charter Grades KG-5
Nearby Schools
2
/10
Flagship Charter Academy
13661 Wisconsin St
Distance between this listing and this school1.19 miles
Public Charter Grades KG-8
2
/10
Hope Academy
12121 Broadstreet Ave
Distance between this listing and this school1.34 miles
Public Charter Grades KG-8
3
/10
Unis Middle School
7801 Maple St
Distance between this listing and this school1.78 miles
Public District Grades 6-8
Nearby Schools
3
/10
Riverside Academy - West Campus
6409 Schaefer Rd
Distance between this listing and this school2.54 miles
Public Charter Grades 6-12
2
/10
Central Collegiate Academy
2425 Tuxedo St
Distance between this listing and this school2.55 miles
Public District Grades 9-12
6
/10
Fordson High School
13800 Ford Rd
Distance between this listing and this school2.97 miles
The neighbors living near this home have an average income of $40,700. The most common annual income of people living in Detroit, MI is less than $35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
This home is located at 10027 Elmira St in Detroit, MI and zip code 48204 in the Mackenzie neighborhood. This 1,680 square foot home, which was built in 1926, sits on a 0.09 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since May 13, 2024 and is currently priced at $59,900.
Over 94 listings were sold over their listed price in April 2024 in Detroit, MI. In the same period over 243 listings were sold below the listed price and 89 listings were sold for the listed price. Between March 2024 and April 2024, Detroit, MI real estate market has seen increase in the number of listings by 12.7%. While the average time on the market in April 2024 was 45 days, the median list price was $81,036.
From Rocket Homes Real Estate and based on county public records data.