Investment Opportunity: 121/123 Sturtevant, Highland Park BATVAI, IDRBNG Located in the heart of Highland Park, this investment property at 121/123 Sturtevant presents a prime opportunity for savvy investors. Comprising 4 units with 2 bedrooms each and 1 full bath each, this property offers both immediate rental income and significant potential for value appreciation. Key Features: Location: Situated in a up and coming neighborhood known for its large historical homes. This property enjoys high demand from renters seeking convenience and quality living. Community Amenities: Close proximity to downtown Detroit enhancing tenant appeal and retention. Highland Park's robust real estate market and ongoing development makes this property a solid long-term investment, poised for appreciation.
Property Details
Property Features
Property Information:
Architectural Style: UpperLowerApartment
Year Built: 1920
Living Area: 5,100 SqFt
Listing Office:
Office Name: Coldwell Banker Realty-AA
Office Phone: (734) 930-0200
Listing Agent: Anthony D James
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 4
Exterior Features
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.13 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Other
Directions Information:
Directions: N On Hamilton E On Sturtevant To Property
Price Information
Listing Price Info
Price Summary:
List Price: $249,900
Price Per SqFt: $49/SqFt
Tax Information:
Annual Amount: $1,280
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 Highland Park, MI.
This property is $189.9K more than the Median Sold Price and $2/SqFt more than other homes in Highland Park, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240062598
Listing Office:
Office Name: Coldwell Banker Realty-AA
Office Phone: (734) 930-0200
Listing Agent: Anthony D James
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.
$1,315
Per Month
Principal & Interest
$1,248
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
$816
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
2
/10
University Preparatory Art Design Elementary School
10225 3rd St
Distance between this listing and this school0.80 miles
Public Charter Grades KG-5
1
/10
George Washington Carver Elementary School
14510 2nd Ave
Distance between this listing and this school1.05 miles
Public Charter Grades PK-4
2
/10
Dickinson West Elementary School
2333 Burger St
Distance between this listing and this school2.11 miles
Public District Grades KG-6
Nearby Schools
4
/10
New Paradigm Glazer Academy
2001 La Belle St
Distance between this listing and this school0.73 miles
Public Charter Grades KG-8
1
/10
Durfee Elementary-Middle School
2425 Tuxedo St
Distance between this listing and this school0.74 miles
Public District Grades KG-8
1
/10
Barber Preparatory Academy
45 E Buena Vista St
Distance between this listing and this school0.88 miles
Public Charter Grades KG-8
Nearby Schools
1
/10
Central Academy and High School
2425 Tuxedo St
Distance between this listing and this school0.74 miles
Public District Grades 9-12
5
/10
Detroit International Academy for Young Women
9026 Woodward Ave
Distance between this listing and this school1.45 miles
Public District Grades PK-12
5
/10
Joy Preparatory Academy
15055 Dexter Ave
Distance between this listing and this school1.65 miles
The neighbors living near this home have an average income of $13,391. Typical income of Highland Park, MI residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 121 Sturtevant St in Highland Park, MI and zip code 48203. This 5,100 square foot home, which was built in 1920, sits on a 0.13 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since August 22, 2024 and is currently priced at $249,900.
Over 1 listings were sold over their listed price in November 2024 in Highland Park, MI. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price. The number of homes for sale in Highland Park, MI increased by 12% between October 2024 and November 2024. While the average time on the market in November 2024 was 108 days, the median list price was $60,000.
From Rocket Homes Real Estate and based on county public records data.