2 months on rocket

4830 Grayton, Detroit, MI, 48224

$300,000

Home List Price

$3,563*

Closing Credit

5 Full Baths
2,922 SqFt
$103/SqFt
Multi
Schools Nearby

Location

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4830 Grayton, Detroit$300,000

Buyer Closing Credits

$3,563*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1931
HeatingNatural Gas, Hot Water, Radiant
BasementYes
MLS #20240007921
Lot Size0.16 Acres
StatusActive

About 4830 Grayton

LARGE FIVE UNIT MULTI-FAMILY INVESTMENT PROPERTY! LOCATED IN DESIRABLE EAST ENGLISH VILLAGE, SOUTH OF E. WARREN AND WEST OF CADIUEX. UPDATES INCLUDE A NEW BOILER IN 2023, AND SELLER HAS DONE SOME RENOVATIONS IN FOUR OF THE UNITS. THIS PROPERTY FEATURES FIVE 1 BEDROOM UNITS. EACH UNIT HAS ONE BEDROOM, BATHROOM, HARDWOOD FLOORS, FRIDGE AND STOVES INCLUDED. COIN OPERATED WASHER AND DRYER IN THE LAUNDRY FACILITY IN THE BASEMENT. FOUR OUT OF FIVE UNITS ARE CURRENTLY TENANTED. RENTS FOR EACH UNIT ARE AS FOLLOWS- APT #1S- $952 SECTION 8 TENANT, APT #1N- $750 SECTION 8 TENANT, APT #2N- VACANT UNIT, APT #2S- $848 SECTION 8 TENANT, AND APT #B AT $550 CASH TENANT. TENANTS PAY ELECTRIC AND COOKING GAS FOR EACH UNIT. OWNER IS RESPONSIBLE FOR GAS FOR HEAT AND WATER. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED WITH THE BUYER'S AGENT. BUYER TO PAY A $295 PROCESSING FEE AT CLOSING. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1931
  • Stories: 2
  • Living Area: 2,922 SqFt

Listing Office:

  • Office Name: Detroit Investment Company
  • Office Phone: (734) 838-9197
  • Listing Agent: Mark Hutter

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water, Radiant

Other

Directions Information:

  • Directions: Just South Of E. Warren Avenue, Two Blocks West Of Cadiux Road

Price Information

Listing Price Info

Price Summary:

  • List Price: $300,000
  • Price Per SqFt: $103/SqFt
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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

4830 Grayton vs Detroit

79 DAYS ON ROCKET

+30 Days

$300,000

+$219.8K More

$103/SqFt

+$33 More

KEY TAKEAWAY

This property is $219.8K more than the Median Sold Price and $33/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: #20240007921

Listing Office:

  • Office Name: Detroit Investment Company
  • Office Phone: (734) 838-9197
  • Listing Agent: Mark Hutter

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: 4/27/2024, 11:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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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-1717491
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 1.03 miles

  • Public Charter Grades KG-5

school-card-donut-1717492
8
/10

  • Lewis Marie Elementary School

  • 740 Cadieux Rd

  • 1.14 miles

  • Public District Grades KG-5

school-card-donut-1717493
5
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.46 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,113. Residents of Detroit, MI typically earn between $35k-100k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48224›4830 Grayton

This home is located at 4830 Grayton in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 2,922 square foot home, which was built in 1931, sits on a 0.16 acre lot. Features: 5 bathrooms. It has been listed on Rocket Homes since February 08, 2024 and is currently priced at $300,000.

Detroit, MI housing market in March 2024 saw over 94 listings sold above listed price, more than 74 sold at listed price and over 224 sold below. The number of listings in Detroit, MI increased by 10.7% between February 2024 and March 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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