3 months on rocket

10264 Nottingham Rd, Detroit, MI, 48224

$125,000

Home List Price

$1,484*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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10264 Nottingham Rd, Detroit$125,000

Buyer Closing Credits

$1,484*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1928
HeatingForced Air, Natural Gas
BasementYes
MLS #24002174
Lot Size0.08 Acres
StatusActive

About 10264 Nottingham Rd

This property is a fantastic investment opportunity with immediate positive cash flow. Located in Detroit, it's a rare find in today's market. The upstairs unit is currently occupied by a Section 8 tenant, providing a steady income of $880 per month. Additionally, the downstairs unit boasts a long-term tenant with an excellent payment history, contributing $975 per month. This property not only offers a consistent income stream but also benefits from the stability that comes with long-term, reliable tenants. With the Section 8 program in place and a history of timely payments from both tenants, this investment promises a secure and lucrative return. Don't miss out on this rare opportunity to add a high-performing asset to your portfolio.

Property Details

Property Features

Property Information:

  • Year Built: 1928

Listing Office:

  • Office Name: Arterra Luxe Collection LLC
  • Office Phone: (248) 733-5893
  • Listing Agent: Kristina Khalifeh

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000

Tax Information:

  • Annual Amount: $2,050
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

10264 Nottingham Rd vs Detroit

117 DAYS ON ROCKET

+72 Days

$125,000

+$43.9K More

KEY TAKEAWAY

This property is $43.9K more than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Michigan Regional Information Center (MichRIC)
  • MLS Number: #24002174

Listing Office:

  • Office Name: Arterra Luxe Collection LLC
  • Office Phone: (248) 733-5893
  • Listing Agent: Kristina Khalifeh

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/4/2024, 5:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 04, 2021Home Sold
$22,000
Mar 05, 2019Home Sold
$12,500

Tax History

YEARPROP. TAXASSESSMENT
2021$2,050$13,900
2020$1,090$13,200
2018$1,090$9,100
2017$1,086$8,500

History based on county public records data.

Payment Calculator

$691

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

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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.

Nearby Schools

school-card-donut-6068207
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 0.21 miles

  • Public Charter Grades KG-5

school-card-donut-6068208
3
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.80 miles

  • Public Magnet Grades 4-6

school-card-donut-6068209
2
/10

  • Chandler Park Academy - Elementary School

  • 20200 Kelly Rd

  • 2.16 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,735. The most common annual income of people living in Detroit, MI is less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48224›10264 Nottingham Rd

This home is located at 10264 Nottingham Rd in Detroit, MI and zip code 48224 in the Denby neighborhood. This home, which was built in 1928, sits on a 0.08 acre lot. It has been listed on Rocket Homes since January 08, 2024 and is currently priced at $125,000.

Detroit, MI housing market in April 2024 saw over 94 listings sold above listed price, more than 89 sold at listed price and over 243 sold below. The number of listings in Detroit, MI increased by 12.7% between March 2024 and April 2024. In April 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $81,036.

From Rocket Homes Real Estate and based on county public records data.

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