5 months on rocket

9615 Dexter Ave, Detroit, MI, 48206

$159,900

Home List Price

$1,899*

Closing Credit

4 Full Baths
3,904 SqFt
$41/SqFt
Multi
Schools Nearby

Location

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9615 Dexter Ave, Detroit$159,900

Buyer Closing Credits

$1,899*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1924
HeatingNatural Gas, Hot Water
BasementYes
MLS #20230099571
Lot Size0.09 Acres
StatusActive

About 9615 Dexter Ave

HIGHEST AND BEST FRIDAY AT NOON.Investor Opportunity: 4-Unit Property with Untapped Potential Welcome to 9615 Dexter St, Detroit, MI - a promising investment opportunity for those seeking lucrative returns in the ever-growing real estate market. This four-unit property presents a unique chance to capitalize on the booming Section 8 rental demand in the area. Key Features: Location: Situated in a strategic location, this property offers convenient access to amenities, schools, and public transportation. Income Potential: Unlock a steady stream of income with Section 8 rents, potentially reaching $5,000 per month once the property is optimized. Unit Breakdown: Four units, each with its own distinct layout, providing versatility in rental options. Cash Only, Site Unseen: This property is offered on a cash-only basis and is being sold site unseen. Serious investors who can navigate the current conditions will find a diamond in the rough. Occupancy Status: Please be aware that the property currently has squatters. Successful acquisition will require addressing this situation, and we recommend consulting legal advice for a smooth resolution. Investment Strategy: Rehabilitation: With the right vision and resources, this property can be transformed into a profitable asset. Rehabilitation efforts can significantly increase its value and appeal. Section 8 Advantage: Leverage the high demand for Section 8 housing in the area to maximize rental income and establish a stable, long-term cash flow. Terms and Conditions: Cash Only: The property is available for cash buyers

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1924
  • Stories: 2
  • Living Area: 3,904 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: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: CHICAGO BLVD & DEXTER

Price Information

Listing Price Info

Price Summary:

  • List Price: $159,900
  • Price Per SqFt: $41/SqFt

Tax Information:

  • Annual Amount: $1,016
  • 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

9615 Dexter Ave vs Detroit

153 DAYS ON ROCKET

+104 Days

$159,900

+$79.7K More

$41/SqFt

-$29 Less

KEY TAKEAWAY

This property is $79.7K more than the Median Sold Price and $29/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: #20230099571

Listing Office:

  • Office Name: 1st Michigan Real Estate
  • Listing Agent: Marta Kopania

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, 6:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 07, 2016Home Sold
$30,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,016$20,300
2020$1,856$26,000
2018$1,856$17,536
2017$2,077$19,800

History based on county public records data.

Payment Calculator

$866

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$546

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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-1067931
5
/10
  • Henry Ford Academy:School For Creative Studies-Ele

  • 10225 3rd St

  • 1.69 miles

  • Public Charter Grades KG-5

school-card-donut-1067932
3
/10
  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 2.32 miles

  • Public Charter Grades KG-5

school-card-donut-1067933
4
/10
  • University Preparatory Academy (Psad) Elementary School

  • 435 Amsterdam St

  • 2.44 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,768. The most common annual income of people living in Detroit, MI is less than $35k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket Homes›Michigan›Wayne County›Detroit›48206›9615 Dexter Ave

This home is located at 9615 Dexter Ave in Detroit, MI and zip code 48206 in the Winterhalter neighborhood. This 3,904 square foot home, which was built in 1924, sits on a 0.09 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since November 25, 2023 and is currently priced at $159,900.

In March 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 224 sold below and more than 74 were sold right at the asked price. In March 2024 in Detroit, MI there were 10.7% more homes for sale than in February 2024. Listings spent 49 days on the market in March 2024, and had a median list price of $80,163 during the same period.

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

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