5 months on rocket

15000 Greenfield Rd, Detroit, MI, 48227

$749,900

Home List Price

$8,905*

Closing Credit

13 Full Baths
7,920 SqFt
$95/SqFt
Multi
Schools Nearby

Location

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15000 Greenfield Rd, Detroit$749,900

Buyer Closing Credits

$8,905*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAssigned Spaces, On Street
Year Built1962
HeatingElectric, Separate Meters
BasementYes
MLS #20230096331
Lot Size0.19 Acres
StatusActive

About 15000 Greenfield Rd

**RARE OPPORTUNITY** Investors, here is your chance to add a truly turn-key apartment building to your portfolio! The property features 13 units (9 one-bedroom and 4 studio units) with space to add a 14th unit in the basement! 10 of the units are currently occupied and generating $6,275/month in rental income, and would generate $8,500/month when fully occupied. Rents are being raised to $700/month for 1 bedrooms & $550/month for studios on 1/1/2024 and tenants have been notified. The property has been completely rehabbed and features vinyl windows, updated kitchens and bathrooms in the units, PEX plumbing, separately metered electric heating, and much more! The property also has its RENTAL CERTIFICATION, which is valid through 10/21/2025! The fenced parking lot out back is included in the sale. Located in NW Detroit, just outside the Grandmont-Rosedale neighborhood and north of the Grand River corridor. Most of the tenants are long-term, low-maintenance, and want to stay!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1962
  • Stories: 2
  • Living Area: 7,920 SqFt

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (734) 404-8800
  • Listing Agent: Ryan E Kain

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: 100 Amp Service, Cable Available, Circuit Breakers

Bedroom and Bathroom Information:

  • Full Bathrooms: 13

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Assigned Spaces, On Street

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Electric, Separate Meters

Other

Directions Information:

  • Directions: From Fenkell, turn South on Greenfield

Price Information

Listing Price Info

Price Summary:

  • List Price: $749,900
  • Price Per SqFt: $95/SqFt

Tax Information:

  • Annual Amount: $7,415
  • 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

15000 Greenfield Rd vs Detroit

170 DAYS ON ROCKET

+125 Days

$749,900

+$668.8K More

$95/SqFt

+$24 More

KEY TAKEAWAY

This property is $668.8K more than the Median Sold Price and $24/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: #20230096331

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (734) 404-8800
  • Listing Agent: Ryan E Kain

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: 5/2/2024, 8:25:20 AM 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 30, 2021Home Sold
$350,000
Dec 18, 2019Home Sold
$80,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,415$60,900
2020$8,201$88,000
2018$8,201$117,600
2017$13,410$109,900

History based on county public records data.

Payment Calculator

$3,810

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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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-4615810
5
/10

  • Rutherford Winans Academy

  • 16411 Curtis St

  • 1.67 miles

  • Public Charter Grades PK-5

school-card-donut-4615811
5
/10

  • Detroit Innovation Academy

  • 18211 Plymouth Rd

  • 2.25 miles

  • Public Charter Grades KG-6

school-card-donut-4615812
3
/10

  • Old Redford Academy - Elementary School

  • 17195 Redford St

  • 3.36 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 $20,813. Residents of Detroit, MI typically earn less than $35k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48227›15000 Greenfield Rd

This home is located at 15000 Greenfield Rd in Detroit, MI and zip code 48227 in the Upper West neighborhood. This 7,920 square foot home, which was built in 1962, sits on a 0.19 acre lot. Features: 13 bathrooms. It has been listed on Rocket Homes since November 13, 2023 and is currently priced at $749,900.

While more than 94 listings in Detroit, MI in April 2024 were sold above asking price, there were more than 89 listings sold at asking price, and more than 243 were sold below. The number of listings in Detroit, MI increased by 12.7% between March 2024 and April 2024. In April 2024 median list price was $81,036 and the average listing age was 45 days.

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

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