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16224 Kentucky St, Detroit, MI, 48221

$150,000

Home List Price

$1,781*

Closing Credit

0 Baths
Multi

Location

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16224 Kentucky St, Detroit$150,000

Buyer Closing Credits

$1,781*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved
Year Built1928
HeatingForced Air, Natural Gas
BasementYes
MLS #81024062334
Lot Size0.09 Acres
StatusActive

About 16224 Kentucky St

This Detroit duplex presents an investment opportunity in a convenient location, just minutes away from the University of Detroit Mercy, the Avenue of Fashion, parks, restaurants, and shopping. The lower unit is currently leased through June 2025, generating $825 per month in rental income. Upper unit also has a signed lease with expiration date of December, 2025. The property boasts beautiful natural light, creating a welcoming atmosphere throughout, complemented by neutral finishes that enhance its appeal. With its strategic location and current rental income, this duplex offers potential for future growth and returns. Don't miss out on this exceptional opportunity to invest!

Property Details

Property Features

Property Information:

  • Year Built: 1928

Listing Office:

  • Office Name: Trowbridge Realty
  • Office Phone: (800) 331-0646
  • Listing Agent: Stanley Dickson

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Paved

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: I-96 to Wyoming Ave, N on Wyoming Ave, E on Florence St, S on Kentucky St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $150,000

Tax Information:

  • Annual Amount: $1,241
  • 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

16224 Kentucky St vs Detroit

5 DAYS ON ROCKET

-44 Days

$150,000

+$64.9K More

KEY TAKEAWAY

This property is $64.9K more than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Metropolitan Association of REALTORS
  • MLS Number: #81024062334

Listing Office:

  • Office Name: Trowbridge Realty
  • Office Phone: (800) 331-0646
  • Listing Agent: Stanley Dickson

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: 12/17/2024, 11:56:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,241 -
2020$1,240 -
2018$1,240$11,400
2017$1,235$10,200

History based on county public records data.

Payment Calculator

$816

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

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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-4273904
1
/10

  • Adamsyoung Building

  • 13130 Grove St

  • 0.85 miles

  • Public Charter Grades KG-5

school-card-donut-4273905
3
/10

  • Bagley Elementary School of Journalism and Technology

  • 8100 Curtis St

  • 0.99 miles

  • Public District Grades PK-6

school-card-donut-4273906
1
/10

  • Coleman A. Young Elementary School

  • 15771 Hubbell St

  • 1.61 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,915. Most Detroit, MI residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48221›16224 Kentucky St

This home is located at 16224 Kentucky St in Detroit, MI and zip code 48221 in the Fitzgerald neighborhood. This home, which was built in 1928, sits on a 0.09 acre lot. It has been listed on Rocket Homes since December 12, 2024 and is currently priced at $150,000.

In November 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 55 listings were sold at asking price, while more than 247 were sold below. In November 2024 in Detroit, MI there were 2% more homes for sale than in October 2024. 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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