National Real Estate Management Group is excited to announce your next investment opportunity. Located in the beautiful and fastest growing area known as the Marygrove community of Detroit. This is an amazing two family brick colonial multi-family style home. Many updates and renovations including new floors, and kitchen areas. Finished basement for additional family area and two separate storage spaces. Two car garage with newer roof. This home is located only a 3 minute commute to University of Detroit Mercy College and only 14 minutes to downtown Detroit. Very convenient location with close proximity to many schools, places of worship, shopping facilities and public transit. Don’t miss out on this great opportunity to invest in your next rental property! At National Real Estate Management Group, our listings come with built-in property management for seamless, turnkey investments. Our full-service approach covers everything from construction completion to tenant placement and ongoing management. Services include comprehensive property management, tenant screening, financial reporting, legal compliance, and streamlined communication. Choose National Real Estate Management Group for a worry-free investment experience.
Property Details
Property Features
Property Information:
Architectural Style: Colonial
Year Built: 1955
Stories: 2
Living Area: 2,193 SqFt
Listing Office:
Office Name: NREMG Realty
Office Phone: (313) 763-0323
Listing Agent: Deborah Lynne Beattie
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 2
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Garages
Lot Features
Lot Information:
Lot Size: 0.03 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: West On McNichols From Livernois, At Greenlawn Turn Left, Home Is On Left Side
Price Information
Listing Price Info
Price Summary:
List Price: $174,999
Price Per SqFt: $80/SqFt
Tax Information:
Annual Amount: $2,344
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $93.9K more than the Median Sold Price and $9/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: #20240018482
Listing Office:
Office Name: NREMG Realty
Office Phone: (313) 763-0323
Listing Agent: Deborah Lynne Beattie
Disclaimer: 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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$941
Per Month
Principal & Interest
$874
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$591
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Rutherford Winans Academy
16411 Curtis St
Distance between this listing and this school3.06 miles
Public Charter Grades PK-5
2
/10
Einstein Elementary School
14001 Northend Ave
Distance between this listing and this school3.13 miles
Public District Grades PK-6
3
/10
Key Elementary School
23400 Jerome St
Distance between this listing and this school3.48 miles
Public District Grades PK-6
Nearby Schools
2
/10
Mary Mcleod Bethune Elementary-Middle School
8145 Puritan St
Distance between this listing and this school0.43 miles
Public Magnet Grades KG-8
6
/10
Martin Luther King Jr. Education Center Academy
16827 Appoline St
Distance between this listing and this school1.07 miles
Public Charter Grades KG-8
4
/10
Joy Preparatory Academy
15055 Dexter Ave
Distance between this listing and this school1.20 miles
Public Charter Grades 3-8
Nearby Schools
2
/10
Mumford High School
17525 Wyoming St
Distance between this listing and this school0.78 miles
Public Magnet Grades 9-12
4
/10
David Ellis Academy
18977 Schaefer Hwy
Distance between this listing and this school1.86 miles
Public Charter Grades KG-12
3
/10
University Yes Academy
14717 Curtis St
Distance between this listing and this school2.15 miles
The neighbors living near this home have an average income of $39,107. Residents of Detroit, MI typically earn between $35k-100k each year. The majority of families are single, no kids. Most residents in this area have high school diploma education.
This home is located at 16712 Greenlawn St in Detroit, MI and zip code 48221 in the Fitzgerald neighborhood. This 2,193 square foot home, which was built in 1955, sits on a 0.03 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since March 23, 2024 and is currently priced at $174,999.
In April 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 89 listings were sold at asking price, while more than 243 were sold below. The inventory of homes for sale in Detroit, MI between March 2024 and April 2024 increased by 12.7%. The median list price of listings available in April 2024 was $81,036, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.