3 months on rocket

9621 Otsego St, Detroit, MI, 48204

$159,900

Home List Price

$1,899*

Closing Credit

4 Full Baths
2,980 SqFt
$54/SqFt
Multi
Schools Nearby

Location

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9621 Otsego St, Detroit$159,900

Buyer Closing Credits

$1,899*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1923
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240002827
Lot Size0.11 Acres
StatusActive

About 9621 Otsego St

Each unit in this 4-unit multifamily property is self-contained and includes its own kitchen, bathroom, and living areas. The units may have different layouts and sizes, offering tenants a range of options to suit their needs. New roof, new Pex plumbing and Pvc main drains, All new interior doors and windows, 4 new furnaces and 4 hot water heaters. In terms of investment potential, a 4-unit multifamily property can be an attractive option. It provides multiple rental units under one roof, offering the opportunity to generate revenue from multiple streams of rental income. Two units are finished and rented out and the 2 units are 95% complete. Come take a look and make money from day one. Sold As-Is

Property Details

Property Features

Property Information:

  • Architectural Style: Quadruplex
  • Year Built: 1923
  • Stories: 2
  • Living Area: 2,980 SqFt

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (313) 277-7777
  • Listing Agent: Rabeeh Hammoud

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: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Joy/Otsego

Price Information

Listing Price Info

Price Summary:

  • List Price: $159,900
  • Price Per SqFt: $54/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

9621 Otsego St vs Detroit

102 DAYS ON ROCKET

+53 Days

$159,900

+$79.7K More

$54/SqFt

-$16 Less

KEY TAKEAWAY

This property is $79.7K more than the Median Sold Price and $16/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: #20240002827

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (313) 277-7777
  • Listing Agent: Rabeeh Hammoud

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, 3:25:19 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

Sep 24, 2009Home Sold
$29,000

Tax History

YEARPROP. TAXASSESSMENT
2021 - -

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-1017825
5
/10

  • Henry Ford Academy:School For Creative Studies-Ele

  • 10225 3rd St

  • 2.00 miles

  • Public Charter Grades KG-5

school-card-donut-1017826
5
/10

  • McDonald Elementary School

  • 10151 Diversey St

  • 2.33 miles

  • Public District Grades PK-5

school-card-donut-1017827
3
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 2.54 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 $22,768. Typical income of Detroit, MI residents is less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48204›9621 Otsego St

This home is located at 9621 Otsego St in Detroit, MI and zip code 48204 in the Winterhalter neighborhood. This 2,980 square foot home, which was built in 1923, sits on a 0.11 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since January 15, 2024 and is currently priced at $159,900.

In March 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 74 listings were sold at asking price, while more than 224 were sold below. Between February 2024 and March 2024, Detroit, MI real estate market has seen increase in the number of listings by 10.7%. The median list price of listings available in March 2024 was $80,163, while the average time on the real estate market was 49 days.

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

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