HIGHEST AND BEST DUE BY MONDAY AT 5PM. WELCOME TO 8762 EPSWORTH, DETROIT, MI – AN INCREDIBLE INVESTMENT OPPORTUNITY IN THE HEART OF THE CITY! THIS 4-UNIT MULTIFAMILY HOME FEATURES 2 BEDROOMS AND 1 BATHROOM IN EACH UNIT. IMAGINE THE POTENTIAL FOR PASSIVE INCOME WITH AN ESTIMATED $5,200 PER MONTH IN RENTS, TOTALING AN IMPRESSIVE $62,400 ANNUALLY. THIS PROPERTY IS A SAVVY INVESTOR'S DREAM, PROVIDING AN EXCELLENT RETURN ON INVESTMENT. THIS MULTIFAMILY GEM IS NOT JUST ABOUT NUMBERS; IT'S ABOUT LIFESTYLE TOO. THE STRATEGIC LOCATION PUTS YOU JUST 7 MINUTES AWAY FROM DOWNTOWN DETROIT, MAKING IT AN IDEAL CHOICE FOR THOSE WHO VALUE CONVENIENCE AND ACCESSIBILITY. SITUATED RIGHT OFF THE FREEWAY, COMMUTING BECOMES A BREEZE, OFFERING EASY ACCESS TO ALL THAT THE CITY HAS TO OFFER. ONE OF THE UNIQUE FEATURES OF THIS PROPERTY IS ITS SUITABILITY FOR HOUSE HACKING. LIVE IN ONE UNIT AND LET THE OTHER THREE UNITS CONTRIBUTE TO YOUR MORTGAGE OR PROVIDE A STEADY STREAM OF RENTAL INCOME. IT'S A SMART WAY TO MAKE YOUR HOUSING EXPENSES WORK FOR YOU. THE PROPERTY HAS UNDERGONE EXTENSIVE RENOVATIONS WITH ALL NECESSARY PERMITS PULLED. THE ENTIRE BUILDING HAS BEEN REFRAMED, ENSURING STRUCTURAL INTEGRITY AND LONGEVITY. UPGRADES INCLUDE NEW PLUMBING, HEATING, AND COOLING SYSTEMS, AS WELL AS ELECTRICAL IMPROVEMENTS. THE INTERIOR BOASTS TOP-OF-THE-LINE FINISHES, INCLUDING GRANITE COUNTERTOPS, PROVIDING A TOUCH OF LUXURY TO EACH UNIT. ENJOY THE BENEFITS OF MODERN LIVING WITH HIGH-EFFICIENCY FURNACES, ENSURING COMFORT WHILE KEEPING UTILITY COSTS IN CHECK. DON'T MISS OUT ON THIS FANTASTIC OPPORTUNITY TO INVEST IN A TURNKEY PROPERTY THAT COMBINES MODERN AMENITIES WITH A PRIME LOCATION. WHETHER YOU'RE A SEASONED INVESTOR OR LOOKING TO START YOUR REAL ESTATE JOURNEY, 8762 EPSWORTH IS A MUST-SEE. SCHEDULE YOUR VIEWING TODAY AND MAKE YOUR MARK ON THE DETROIT REAL ESTATE SCENE!
Property Details
Property Features
Property Information:
Architectural Style: Quadruplex
Year Built: 1924
Stories: 2
Living Area: 3,500 SqFt
Listing Office:
Office Name: 1st Michigan Real Estate
Listing Agent: Marta Kopania
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: 0.12 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: N of Tireman / E of Livernois
Price Information
Listing Price Info
Price Summary:
List Price: $410,000
Price Per SqFt: $117/SqFt
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Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $329.8K more than the Median Sold Price and $47/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: #20230105313
Listing Office:
Office Name: 1st Michigan Real Estate
Listing Agent: Marta Kopania
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
McDonald Elementary School
10151 Diversey St
Distance between this listing and this school1.49 miles
Public District Grades PK-5
5
/10
Riverside Academy
7124 Miller Rd
Distance between this listing and this school1.98 miles
Public Charter Grades KG-5
3
/10
Voyageur Academy
4321 Military St
Distance between this listing and this school2.05 miles
Public Charter Grades KG-4
Nearby Schools
2
/10
Hope Academy
12121 Broadstreet Ave
Distance between this listing and this school1.34 miles
Public Charter Grades KG-8
6
/10
Hope of Detroit Academy
4443 N Campbell St
Distance between this listing and this school1.96 miles
Public Charter Grades KG-8
4
/10
Flagship Charter Academy
13661 Wisconsin St
Distance between this listing and this school2.24 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Central Collegiate Academy
2425 Tuxedo St
Distance between this listing and this school2.02 miles
Public District Grades 9-12
3
/10
Voyageur Consortium High School
4366 Military St
Distance between this listing and this school2.02 miles
Public Charter Grades 5-12
3
/10
Southwest Detroit Lighthouse Charter Academy
4001 29th St
Distance between this listing and this school2.18 miles
The neighbors living near this home have an average income of $26,974. Most Detroit, MI residents have annual incomes less than $35k. 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 8762 Epworth St in Detroit, MI and zip code 48204 in the Tireman neighborhood. This 3,500 square foot home, which was built in 1924, sits on a 0.12 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since December 22, 2023 and is currently priced at $410,000.
While more than 94 listings in Detroit, MI in March 2024 were sold above asking price, there were more than 74 listings sold at asking price, and more than 224 were sold below. The number of homes for sale in Detroit, MI increased by 10.7% between February 2024 and March 2024. In March 2024 median list price was $80,163 and the average listing age was 49 days.
From Rocket Homes Real Estate and based on county public records data.