6 months on rocket

423 W Grand Blvd, Detroit, MI, 48216

$500,000

Home List Price

$5,938*

Closing Credit

4 Full Baths
4,202 SqFt
$119/SqFt
Multi
Schools Nearby

Location

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423 W Grand Blvd, Detroit$500,000

Buyer Closing Credits

$5,938*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1910
HeatingNatural Gas, Forced Air
BasementYes
MLS #20230084455
Lot Size0.14 Acres
StatusActive

About 423 W Grand Blvd

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.

Med. Sold Price

$80.1K

Med. Price/SqFt

$69

Avg. Days On Market

49

# of Sold Homes

392

423 W Grand Blvd vs Detroit

208 DAYS ON ROCKET

+159 Days

$500,000

+$419.8K More

$119/SqFt

+$49 More

KEY TAKEAWAY

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

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, 7:25:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$441$44,800
2020$883$42,200
2018$883$27,000
2017$880$24,600

History based on county public records data.

Payment Calculator

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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-2950841
3
/10
  • Voyageur Academy

  • 4321 Military St

  • 1.80 miles

  • Public Charter Grades KG-4

school-card-donut-2950842
6
/10
  • Cesar Chavez Academy Intermediate School

  • 4100 Martin St

  • 1.95 miles

  • Public Charter Grades 3-5

school-card-donut-2950843
3
/10
  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 2.86 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

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.

All data provided by Home Junction and Claritas


Rocket Homes›Michigan›Wayne County›Detroit›48216›423 W Grand Blvd

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.

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