Grand Blvd remarks Opportunities like this fully rented quadplex are few and far between! Now is your opportunity to own a cash flowing asset in the quickly appreciating area of Southwest Detroit in the highly desired Hubbard Farms Neighborhood. Tenants will love that they will be in walking distance to the heart of Mexicantown where they can find many shops restaurants and grocery stores. Mexicantown has caught the eye of tourists and is becoming a popular destination for those looking to experience a cultural fusion just outside of downtown Detroit, a 5 minute drive from this quadplex. Besides the outstanding location, it is rare to find a home with 4 units that each have two bedrooms, a full bathroom, and kitchen. The property also features a full basement, a shed for storage, and a fenced yard with opportunity to fit many cars for safe parking. Windows, furnaces, and hot water tanks are newer! Money is being pumped into this area with the construction of Gordie Howe International bridge that will take transportation and tourism to new heights and create boundless opportunity. While each unit has great cash flow now, the future for rent has exponential growth potential.
Property Details
Property Features
Property Information:
Architectural Style: Historic
Year Built: 1910
Stories: 2
Living Area: 4,202 SqFt
Listing Office:
Office Name: EXP Realty LLC
Office Phone: (888) 501-7085
Listing Agent: Sotero M Lopez II
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 4
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.14 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: North Of Fort St And East Of Vernor Hwy
Price Information
Listing Price Info
Price Summary:
List Price: $500,000
Price Per SqFt: $119/SqFt
Tax Information:
Annual Amount: $441
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $419.8K more than the Median Sold Price and $49/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: #20230084455
Listing Office:
Office Name: EXP Realty LLC
Office Phone: (888) 501-7085
Listing Agent: Sotero M Lopez II
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.
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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.
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Nearby Schools
3
/10
Voyageur Academy
4321 Military St
Distance between this listing and this school1.80 miles
Public Charter Grades KG-4
6
/10
Cesar Chavez Academy Intermediate School
4100 Martin St
Distance between this listing and this school1.95 miles
Public Charter Grades 3-5
3
/10
University Preparatory Academy (PSAD) Elementary School
957 Holden St
Distance between this listing and this school2.86 miles
Public Charter Grades KG-5
Nearby Schools
5
/10
Cesar Chavez Middle School
6782 Goldsmith St
Distance between this listing and this school1.53 miles
Public Charter Grades 6-8
6
/10
Hope of Detroit Academy
4443 N Campbell St
Distance between this listing and this school1.73 miles
Public Charter Grades KG-8
5
/10
Escuela Avancemos
3811 Cicotte St
Distance between this listing and this school1.79 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Detroit Public Safety Academy
1250 Rosa Parks Blvd
Distance between this listing and this school1.10 miles
Public Charter Grades 9-12
3
/10
Southwest Detroit Lighthouse Charter Academy
4001 29th St
Distance between this listing and this school1.42 miles
Public Charter Grades KG-12
4
/10
Cesar Chavez High School
1761 Waterman St
Distance between this listing and this school1.48 miles
The neighbors living near this home have an average income of $15,161. The majority of Detroit, MI residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.
This home is located at 423 W Grand Blvd in Detroit, MI and zip code 48216 in the Near West neighborhood. This 4,202 square foot home, which was built in 1910, sits on a 0.14 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since October 03, 2023 and is currently priced at $500,000.
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. The number of homes for sale in Detroit, MI increased by 10.7% between February 2024 and March 2024. The median list price of listings available in March 2024 was $80,163, while the average time on the real estate market was 49 days.
From Rocket Homes Real Estate and based on county public records data.