21 days on rocket

540-542 Holbrook, Detroit, MI, 48202

$274,900

Home List Price

$3,264*

Closing Credit

2 Full Baths
2,112 SqFt
$130/SqFt
Multi
Schools Nearby

Location

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540-542 Holbrook, Detroit$274,900

Buyer Closing Credits

$3,264*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarages
Year Built1915
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240021982
Lot Size0.08 Acres
StatusActive

About 540-542 Holbrook

This FULLY OCCUPIED 2 family flat is nestled on a quiet block located in Detroit's highly sought after North End neighborhood. Both spacious units with living room and dining room. Fresh paint, new carpet, updated kitchen and bath. Each have private laundry area. Water included. Tenant responsible for gas and electric. No pets. This place is the perfect purchase for a savvy investor, providing a value add opportunity for an investor, or a remodel to create ideal living for a home buyer looking to house hack. There is also a recently announced City of Detroit funding for up to $15,000 per a unit for Duplexes. Less than 10 minute drive to downtown Detroit, and a 5 minute drive to midtown, this home ownership opportunity is uniquely rare and one to take advantage of. Newly renovated duplexes in the most desired neighborhoods in Detroit are moving quickly. It's your time to own a piece of Detroit's comeback in one of its premier neighborhoods with tons of investments happening and planned around the neighborhood. THERE ARE NO SHOWINGS WITHOUT AN ACCEPTED OFFER. Google: City of Detroit announces Detroit Duplex Repair Program to support duplex and small-scale rental innovations Lot next door sold separately.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1915
  • Stories: 2
  • Living Area: 2,112 SqFt

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Sharyl A Denton

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Fenced

Parking Information:

  • Parking: Garages

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: East of Woodward and West of Oakland

Price Information

Listing Price Info

Price Summary:

  • List Price: $274,900
  • Price Per SqFt: $130/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

540-542 Holbrook vs Detroit

21 DAYS ON ROCKET

-28 Days

$274,900

+$194.7K More

$130/SqFt

+$60 More

KEY TAKEAWAY

This property is $194.7K more than the Median Sold Price and $60/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: #20240021982

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Sharyl A Denton

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: 4/30/2024, 8:25:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-3914748
5
/10

  • Henry Ford Academy:School For Creative Studies-Ele

  • 10225 3rd St

  • 0.76 miles

  • Public Charter Grades KG-5

school-card-donut-3914749
4
/10

  • University Preparatory Academy (Psad) Elementary School

  • 435 Amsterdam St

  • 1.13 miles

  • Public Charter Grades KG-5

school-card-donut-3914750
3
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.36 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,000. Most Detroit, MI residents have annual incomes less than $35k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48202›540-542 Holbrook

This home is located at 540-542 Holbrook in Detroit, MI and zip code 48202 in the Midtown neighborhood. This 2,112 square foot home, which was built in 1915, sits on a 0.08 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since April 09, 2024 and is currently priced at $274,900.

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. In March 2024, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $80,163.

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

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