19 days on rocket

12823 Riad St, Detroit, MI, 48224

$64,900

Home List Price

$771*

Closing Credit

3 Bedrooms
1 Full Bath
974 SqFt
$67/SqFt
House

Location

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12823 Riad St, Detroit$64,900

Buyer Closing Credits

$771*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNoGarage
Year Built1944
HeatingForced Air, Natural Gas
BasementYes
MLS #20240082675
Lot Size0.12 Acres
StatusActive

About 12823 Riad St

**OPPORTUNITY** This 3 bedroom, 1 bathroom brick bungalow is located in the Denby neighborhood, near the border of Harper Woods, and could make an excellent rental property with Section 8 rents as high as $1,300/month OR could be your next fix-n-flip project with ARVs in the 110-125K range! The property features hardwood flooring throughout most of the 1st floor, forced air heating, vinyl windows, PEX plumbing, an updated 100 amp electrical panel with mostly romex wiring, and a 3-tab shingle roof! The property does require some cosmetic updates, but the kitchen and bathroom could be repurposed relatively cheaply and easily if you go the rental route! Perfect for a BRRRR strategy! CASH OR HARD MOENY ONLY, NO SELLER FINANCING.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1944
  • Living Area: 974 SqFt

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (734) 404-8800
  • Listing Agent: Ryan E Kain, Samuel Kain

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: NoGarage

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: From Moross turn South on Riad

Price Information

Listing Price Info

Price Summary:

  • List Price: $64,900
  • Price Per SqFt: $67/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

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

12823 Riad St vs Detroit

19 DAYS ON ROCKET

-30 Days

$64,900

-$20.1K Less

$67/SqFt

-$1 Less

KEY TAKEAWAY

This property is $20.1K less than the Median Sold Price and $1/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: #20240082675

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (734) 404-8800
  • Listing Agent: Ryan E Kain, Samuel Kain

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: 12/3/2024, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$391

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$261

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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-3509455
1
/10

  • Carleton Elementary School

  • 11724 Casino St

  • 0.47 miles

  • Public District Grades PK-5

school-card-donut-3509456
1
/10

  • Fisher Magnet Lower Academy

  • 15510 E State Fair St

  • 0.84 miles

  • Public Magnet Grades PK-5

school-card-donut-3509457
1
/10

  • Chandler Park Academy Elementary School

  • 20200 Kelly Rd

  • 1.06 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,854. The most common annual income of people living in Detroit, MI is less than $35k. Most 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

Frequently Asked Questions About 12823 Riad St

What is the listing price of this property?

The listing price of 12823 Riad St property is $64,900.

What type of property is this?

The property 12823 Riad St is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 12823 Riad St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 12823 Riad St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 12823 Riad St is 974 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 12823 Riad St is 1944.

Rocket Homes›Michigan›Wayne County›Detroit›48224›12823 Riad St

This home is located at 12823 Riad St in Detroit, MI and zip code 48224 in the Denby neighborhood. This 974 square foot home, which was built in 1944, sits on a 0.12 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $64,900.

In November 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 247 sold below and more than 55 were sold right at the asked price. The inventory of homes for sale in Detroit, MI between October 2024 and November 2024 increased by 2%. In November 2024 median list price was $85,016 and the average listing age was 49 days.

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

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