1 month on rocket

11822 Promenade, Detroit, MI, 48213

$229,900

Home List Price

$2,730*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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11822 Promenade, Detroit$229,900

Buyer Closing Credits

$2,730*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1926
HeatingForced Air, Natural Gas
BasementYes
MLS #24011720
Lot Size0.12 Acres
StatusActive

About 11822 Promenade

This fully renovated duplex is the ideal plug and play investment for an investor looking for a turnkey fully occupied section 8 rental. Skip the stress, time, and money that comes with getting a property to pass the section 8 rental inspection, this property has recently passed inspection with both units! Two brand new section 8 families have moved in with 12 month leases. The annual income that this duplex will bring is $33,600 with the current section 8 tenants in place (lower unit $1,500 per month and upper collects $1,300 per month). Each unit is 3 bed 1 1/2 baths! Enjoy low stress investing knowing that everything is brand new therefor your future capital expenses are estimated to be extremely low.

Property Details

Property Features

Property Information:

  • Year Built: 1926

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (269) 600-4397
  • Listing Agent: Sotero M Lopez, Darby Reynaert

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Conner / Outer Dr

Price Information

Listing Price Info

Price Summary:

  • List Price: $229,900
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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

11822 Promenade vs Detroit

50 DAYS ON ROCKET

+1 Day

$229,900

+$149.7K More

KEY TAKEAWAY

This property is $149.7K 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: #24011720

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (269) 600-4397
  • Listing Agent: Sotero M Lopez, Darby Reynaert

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: 5/1/2024, 4:20:24 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,215

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$756

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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-4262461
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 2.26 miles

  • Public Charter Grades KG-5

school-card-donut-4262462
7
/10

  • Oakland International Academy - Elementary School

  • 4001 Miller St

  • 2.82 miles

  • Public Charter Grades 2-4

school-card-donut-4262463
7
/10

  • Bridge Academy - Elementary School

  • 9600 Buffalo St

  • 2.89 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,286. Residents of Detroit, MI typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48213›11822 Promenade

This home is located at 11822 Promenade in Detroit, MI and zip code 48213 in the Upper East neighborhood. This home, which was built in 1926, sits on a 0.12 acre lot. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $229,900.

Over 94 listings were sold over their listed price in March 2024 in Detroit, MI. In the same period over 224 listings were sold below the listed price and 74 listings were sold for the listed price. Between February 2024 and March 2024, Detroit, MI real estate market has seen increase in the number of listings by 10.7%. Listings spent 49 days on the market in March 2024, and had a median list price of $80,163 during the same period.

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

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