8 months on rocket

Backup Offers

13521 E Mcnichols Rd, Detroit, MI, 48205

$385,000

Home List Price

$4,572*

Closing Credit

7 Full Baths
3,140 SqFt
$123/SqFt
Multi
Schools Nearby

Location

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13521 E Mcnichols Rd, Detroit$385,000

Buyer Closing Credits

$4,572*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1953
HeatingHeat Pump, Electric
CoolingWindow Unit(s)
MLS #20230066307
Lot Size0.14 Acres
StatusAccepting Backup Offers

About 13521 E Mcnichols Rd

Great Investment Opportunity!!! Well Maintained, Stabilized and Producing 7 unit Apartment Building. Offered at 11% CAP rate. Next door - 13535 (23 units) McNichols is also available for sale. Properties are next to each other and might be sold together. Currently producing at a $63k a year Gross . Current Net income is $43,811. Projected gross income once fully leased $68,200. Landlord pays water, gas, electric. Needs advance notice to show. Do not disturb tenants.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1953
  • Stories: 1
  • Living Area: 3,140 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Dmitriy Selektor

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 7

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump, Electric
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: McNichols & Gratiot

Price Information

Listing Price Info

Price Summary:

  • List Price: $385,000
  • Price Per SqFt: $123/SqFt

Tax Information:

  • Annual Amount: $7,119
  • 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

13521 E Mcnichols Rd vs Detroit

265 DAYS ON ROCKET

+216 Days

$385,000

+$304.8K More

$123/SqFt

+$53 More

KEY TAKEAWAY

This property is $304.8K more than the Median Sold Price and $53/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: #20230066307

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Dmitriy Selektor

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: 4/29/2024, 8:25:20 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

Aug 03, 2018Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,119$39,600
2020$2,807$33,300
2018$2,807$23,100
2017$2,795$21,600

History based on county public records data.

Payment Calculator

$1,989

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,221

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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-3331336
7
/10

  • McKinley Elementary School

  • 13173 Toepfer Rd

  • 2.10 miles

  • Public District Grades KG-5

school-card-donut-3331337
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 2.17 miles

  • Public Charter Grades KG-5

school-card-donut-3331338
2
/10

  • Chandler Park Academy - Elementary School

  • 20200 Kelly Rd

  • 2.56 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 $10,360. The most common annual income of people living in Detroit, MI is less than $35k. Most 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›48205›13521 E Mcnichols Rd

This home is located at 13521 E Mcnichols Rd in Detroit, MI and zip code 48205 in the Upper East neighborhood. This 3,140 square foot home, which was built in 1953, sits on a 0.14 acre lot. Features: 7 bathrooms. It has been listed on Rocket Homes since August 09, 2023 and is currently priced at $385,000.

In March 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 224 sold below and more than 74 were sold right at the asked price. In March 2024 in Detroit, MI there were 10.7% more homes for sale than in February 2024. While the average time on the market in March 2024 was 49 days, the median list price was $80,163.

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

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