1 month on rocket

Sale Pending

10311 Cadieux Rd, Detroit, MI, 48224

$675,000

Home List Price

$8,016*

Closing Credit

12 Full Baths
7,228 SqFt
$93/SqFt
Multi
Schools Nearby

Location

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10311 Cadieux Rd, Detroit$675,000

Buyer Closing Credits

$8,016*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1962
HeatingNatural Gas, Baseboard, Radiant
CoolingCeiling Fan(s), Wall Unit(s)
BasementYes
MLS #20240018770
Lot Size0.21 Acres
StatusSale Pending
(Pending)

About 10311 Cadieux Rd

Rare opportunity don't let this pass you by. 100% occupancy and all rents are at market rate. The average rent is just over $1000. No deferred maintenance, start cash flowing from day 1. 10 of the 12 units are section 8 with regular rent increases each year. All tenants are in a lease. The owner pays for water, heat, and some electricity. The water bill averages $400. Also, the taxes were just lowered. This means more cash in your pocket. No showings without an accepted offer. The buyer will receive a warranty deed, title insurance, and a clear title. The buyer is to pay a $495 transaction fee to Downtown Realty. The agent is part of the LLC selling the property. ***DO NOT DISTURB THE TENANTS***

Property Details

Property Features

Property Information:

  • Architectural Style: Common Entry Building
  • Year Built: 1962
  • Stories: 1
  • Living Area: 7,228 SqFt

Listing Office:

  • Office Name: Downtown Realty
  • Office Phone: (313) 466-7253
  • Listing Agent: Guy R Gailliard

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 12

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Baseboard, Radiant
  • Cooling: Ceiling Fan(s), Wall Unit(s)

Other

Directions Information:

  • Directions: I-94 to Cadieux

Price Information

Listing Price Info

Price Summary:

  • List Price: $675,000
  • Price Per SqFt: $93/SqFt

Tax Information:

  • Annual Amount: $8,332
  • 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

$80.1K

Med. Price/SqFt

$69

Avg. Days On Market

49

# of Sold Homes

392

10311 Cadieux Rd vs Detroit

33 DAYS ON ROCKET

-16 Days

$675,000

+$594.8K More

$93/SqFt

+$23 More

KEY TAKEAWAY

This property is $594.8K more than the Median Sold Price and $23/SqFt more 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: #20240018770

Listing Office:

  • Office Name: Downtown Realty
  • Office Phone: (313) 466-7253
  • Listing Agent: Guy R Gailliard

IDXDisclaimer: 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.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 6:25:19 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

Feb 07, 2020Home Sold
$455,000
Oct 22, 2018Home Sold
$165,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,332$97,300
2020$5,397$89,900
2018$5,397$63,000
2017$5,364$60,000

History based on county public records data.

Payment Calculator

$3,436

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,090

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NMLS#3030

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-1507946
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 0.61 miles

  • Public Charter Grades KG-5

school-card-donut-1507947
3
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.13 miles

  • Public Magnet Grades 4-6

school-card-donut-1507948
2
/10

  • Chandler Park Academy - Elementary School

  • 20200 Kelly Rd

  • 1.77 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 $24,798. 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›10311 Cadieux Rd

This home is located at 10311 Cadieux Rd in Detroit, MI and zip code 48224 in the Denby neighborhood. This 7,228 square foot home, which was built in 1962, sits on a 0.21 acre lot. Features: 12 bathrooms. It has been listed on Rocket Homes since March 25, 2024 and is currently priced at $675,000.

Detroit, MI housing market in March 2024 saw over 94 listings sold above listed price, more than 74 sold at listed price and over 224 sold below. The number of homes for sale in Detroit, MI increased by 10.7% between February 2024 and March 2024. In March 2024 median list price was $80,163 and the average listing age was 49 days.

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

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