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1531 W Warren Ave, Detroit, MI, 48208

$650,000

Home List Price

$7,719*

Closing Credit

0 Baths
Multi

Location

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1531 W Warren Ave, Detroit$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1911
HeatingForced Air
CoolingNone
BasementYes
MLS #24057122
Lot Size0.17 Acres
StatusActive

About 1531 W Warren Ave

Located on a beautiful tree-lined block in the highly sought-after Woodbridge neighborhood, this 4-unit property is a prime investment opportunity. Each unit features 1 bedroom and 1 bathroom, offering cozy living spaces perfect for tenants looking to be near the heart of Detroit. With its proximity to Wayne State University, Henry Ford Hospital, Detroit Medical Center, and vibrant local restaurants, shops, and parks, this property is a magnet for tenants. Three of the four units are currently rented, generating a strong monthly income of over $4,000 when fully occupied. This property is ideal for investors seeking steady cash flow in a desirable area with high rental demand. Don't miss this chance to own a multi-unit gem in one of Detroit's most thriving neighborhoods!

Property Details

Property Features

Property Information:

  • Year Built: 1911

Listing Office:

  • Office Name: Prep Realty
  • Office Phone: (313) 855-7737
  • Listing Agent: Ishma Best

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: South on Trumbull to W. Warren. Make a right on W. Warren.

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000

Tax Information:

  • Annual Amount: $2,348
  • Tax Year: 2021
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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

1531 W Warren Ave vs Detroit

52 DAYS ON ROCKET

+3 Days

$650,000

+$564.9K More

KEY TAKEAWAY

This property is $564.9K more than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24057122

Listing Office:

  • Office Name: Prep Realty
  • Office Phone: (313) 855-7737
  • Listing Agent: Ishma Best

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 10:21:03 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

Mar 12, 2021Home Sold
$1,100,000
Apr 22, 2016Home Sold
$675,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,348$77,900
2020$4,110$72,900
2018$4,110$49,600
2017$4,086$42,700

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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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-945698
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 0.72 miles

  • Public Charter Grades KG-5

school-card-donut-945699
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 1.00 miles

  • Public Charter Grades KG-5

school-card-donut-945700
8
/10

  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 2.49 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,530. The majority of Detroit, MI residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48208›1531 W Warren Ave

This home is located at 1531 W Warren Ave in Detroit, MI and zip code 48208 in the Jeffries neighborhood. This home, which was built in 1911, sits on a 0.17 acre lot. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $650,000.

Detroit, MI housing market in November 2024 saw over 94 listings sold above listed price, more than 55 sold at listed price and over 247 sold below. The number of listings in Detroit, MI increased by 2% between October 2024 and November 2024. While the average time on the market in November 2024 was 49 days, the median list price was $85,016.

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

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