Attention investors! This duplex multifamily property is being sold as-is and presents a lucrative investment opportunity. Ideal for seasoned investors or those looking to enter the rental market, this property offers potential for rental income and value appreciation. Explore the possibilities of renovating and renting out both units or making improvements for future resale. Located in a convenient area, this property is poised for success in the rental market. Don't miss out on this exciting investment opportunity—schedule a showing today to learn more!
Property Details
Property Features
Property Information:
Architectural Style: Duplex
Year Built: 1917
Stories: 2
Living Area: 2,226 SqFt
Listing Office:
Office Name: Keller Williams Realty-Great Lakes
Office Phone: (586) 541-4000
Listing Agent: Erick Monzo
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 2
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: S of Freud / W of Dickerson
Price Information
Listing Price Info
Price Summary:
List Price: $25,000
Price Per SqFt: $11/SqFt
Tax Information:
Annual Amount: $1,198
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 $56K less than the Median Sold Price and $60/SqFt less 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: #20240027387
Listing Office:
Office Name: Keller Williams Realty-Great Lakes
Office Phone: (586) 541-4000
Listing Agent: Erick Monzo
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.
$192
Per Month
Principal & Interest
$125
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
$141
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
George Defer Elementary School
15425 Kercheval Ave
Distance between this listing and this school1.37 miles
Public District Grades KG-5
8
/10
Lewis Marie Elementary School
740 Cadieux Rd
Distance between this listing and this school2.35 miles
Public District Grades KG-5
6
/10
Richard Elementary School
176 Mckinley Ave
Distance between this listing and this school3.10 miles
Public District Grades KG-5
Nearby Schools
5
/10
Detroit Merit Charter Academy
1091 Alter Rd
Distance between this listing and this school0.86 miles
Public Charter Grades KG-8
5
/10
Detroit Enterprise Academy
11224 Kercheval St
Distance between this listing and this school1.07 miles
Public Charter Grades KG-8
5
/10
Pierce Middle School
15430 Kercheval Ave
Distance between this listing and this school1.34 miles
Public District Grades 6-8
Nearby Schools
2
/10
Southeastern High School
3030 Fairview St
Distance between this listing and this school1.47 miles
Public Magnet Grades 9-12
8
/10
Grosse Pointe South High School
11 Grosse Pointe Blvd
Distance between this listing and this school3.09 miles
Public District Grades 9-12
2
/10
University Preparatory Science and Math (PSAD) High School
2664 Franklin St
Distance between this listing and this school4.05 miles
The neighbors living near this home have an average income of $17,287. The majority of Detroit, MI residents have income less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 706 Continental St in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 2,226 square foot home, which was built in 1917, sits on a 0.07 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $25,000.
Over 94 listings were sold over their listed price in April 2024 in Detroit, MI. In the same period over 243 listings were sold below the listed price and 89 listings were sold for the listed price. The number of listings in Detroit, MI increased by 12.7% between March 2024 and April 2024. Listings spent 45 days on the market in April 2024, and had a median list price of $81,036 during the same period.
From Rocket Homes Real Estate and based on county public records data.