Nice Multifamily across from Historic Russel Woods Sub. Located near major expressways and the Livernois shopping district youre just minutes from the famous avenue of fashion and historic bakers Keyboard lounge. This multi family has 3 bedrooms in each unit and the floor plans are very spacious, Owner occupant can live payment free or rent these out for $1800-$2000 monthly. Rents are rising so future rents could go higher. Recent updates include some windows, roof repair, complete electrical upstairs and new plumbing throughout. Your portfolio will love this addition.
Property Details
Property Features
Property Information:
Architectural Style: Brownstone
Year Built: 1926
Stories: 2
Living Area: 2,600 SqFt
Listing Office:
Office Name: Green Select Real Estate, LLC
Office Phone: (248) 552-8423
Listing Agent: Larry Green
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: 0.09 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: South on Livernois to Fullerton West.
Price Information
Listing Price Info
Price Summary:
List Price: $89,000
Price Per SqFt: $34/SqFt
Tax Information:
Annual Amount: $1,874
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 $4K more than the Median Sold Price and $40/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: #20240015439
Listing Office:
Office Name: Green Select Real Estate, LLC
Office Phone: (248) 552-8423
Listing Agent: Larry Green
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.
$512
Per Month
Principal & Interest
$445
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
$333
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
Barton Elementary School
8530 Joy Rd
Distance between this listing and this school1.67 miles
Public District Grades KG-5
2
/10
University Preparatory Art Design Elementary School
10225 3rd St
Distance between this listing and this school2.44 miles
Public Charter Grades KG-5
5
/10
McDonald Elementary School
10151 Diversey St
Distance between this listing and this school2.52 miles
Public District Grades PK-5
Nearby Schools
2
/10
Hope Academy
12121 Broadstreet Ave
Distance between this listing and this school0.27 miles
Public Charter Grades PK-8
1
/10
Noble Elementary-Middle School
8646 Fullerton St
Distance between this listing and this school0.81 miles
Public District Grades PK-8
2
/10
Flagship Charter Academy
13661 Wisconsin St
Distance between this listing and this school0.97 miles
Public Charter Grades KG-8
Nearby Schools
5
/10
Joy Preparatory Academy
15055 Dexter Ave
Distance between this listing and this school1.39 miles
Public Charter Grades PK-12
1
/10
Central Academy and High School
2425 Tuxedo St
Distance between this listing and this school1.45 miles
Public District Grades 9-12
4
/10
The School at Marygrove
8425 W McNichols Rd
Distance between this listing and this school2.44 miles
The neighbors living near this home have an average income of $35,577. Most Detroit, MI residents have annual incomes less than $35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
This home is located at 12618 Stoepel St in Detroit, MI and zip code 48238 in the Winterhalter neighborhood. This 2,600 square foot home, which was built in 1926, sits on a 0.09 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $89,000.
While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. Listings spent 45 days on the market in October 2024, and had a median list price of $85,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.