Calling all investors! Here is a great opportunity to pick up a multifamily with double digit ROI. This property has been fully renovated and is ready to place tenants for some strong cashflow! Live in one unit and rent out the other to live for free or buy it as a pure investment and start collecting the rent checks! this one will go quickly so be sure to schedule your showing today!
Property Details
Property Features
Property Information:
Architectural Style: Duplex
Year Built: 1924
Stories: 2
Living Area: 2,324 SqFt
Listing Office:
Office Name: Keller Williams Somerset
Office Phone: (248) 649-7200
Listing Agent: Joseph Hammel
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: 0.10 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: Wildemere St and Chalfonte St
Price Information
Listing Price Info
Price Summary:
List Price: $200,000
Price Per SqFt: $86/SqFt
Tax Information:
Annual Amount: $958
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 $115K more than the Median Sold Price and $12/SqFt more 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: #20240065624
Listing Office:
Office Name: Keller Williams Somerset
Office Phone: (248) 649-7200
Listing Agent: Joseph Hammel
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.
$1,066
Per Month
Principal & Interest
$999
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
$666
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
1
/10
George Washington Carver Elementary School
14510 2nd Ave
Distance between this listing and this school1.60 miles
Public Charter Grades PK-4
3
/10
Bagley Elementary School of Journalism and Technology
8100 Curtis St
Distance between this listing and this school1.91 miles
Public District Grades PK-6
2
/10
University Preparatory Art Design Elementary School
10225 3rd St
Distance between this listing and this school2.27 miles
Public Charter Grades KG-5
Nearby Schools
1
/10
Thurgood Marshall-Elementary School
15531 Linwood St
Distance between this listing and this school0.38 miles
Public District Grades PK-8
4
/10
New Paradigm Glazer Academy
2001 La Belle St
Distance between this listing and this school0.77 miles
Public Charter Grades KG-8
1
/10
Paul Robeson Malcolm X Academy
2585 Grove St
Distance between this listing and this school0.93 miles
Public District Grades PK-8
Nearby Schools
5
/10
Joy Preparatory Academy
15055 Dexter Ave
Distance between this listing and this school0.19 miles
Public Charter Grades PK-12
4
/10
The School at Marygrove
8425 W McNichols Rd
Distance between this listing and this school1.48 miles
Public District Grades 9-12
1
/10
Central Academy and High School
2425 Tuxedo St
Distance between this listing and this school1.62 miles
The neighbors living near this home have an average income of $25,155. Most Detroit, MI residents have annual incomes less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.
This home is located at 15051 Wildemere St in Detroit, MI and zip code 48238 in the McNichols neighborhood. This 2,324 square foot home, which was built in 1924, sits on a 0.10 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since September 05, 2024 and is currently priced at $200,000.
Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 sold below. The inventory of homes for sale in Detroit, MI between September 2024 and October 2024 increased by 11.2%. In October 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $85,000.
From Rocket Homes Real Estate and based on county public records data.