28 days on rocket

16261 Kentucky St, Detroit, MI, 48221

$135,000

Home List Price

$1,603*

Closing Credit

2 Full Baths
2,084 SqFt
$65/SqFt
Multi

Location

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16261 Kentucky St, Detroit$135,000

Buyer Closing Credits

$1,603*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1928
HeatingNatural Gas, Hot Water
BasementYes
MLS #20240074750
Lot Size0.11 Acres
StatusActive

About 16261 Kentucky St

Calling all Investors, Entrepreneurs, and New Home Buyers! Here is your opportunity to own your very own income producing property in the heart of the City. You can lease one unit and live in the other or you can simply lease them both and generate instant monthly cash flow. Don't miss out on this awesome 2 unit property featuring 2 bedrooms and a den on the first floor and 2 bedrooms on the second floor. Many updates have been done to this corner lot multi-family unit. The units are unoccupied currently but can easily generate thousands each month. Hurry now and schedule your appointment because this opportunity will not last long!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1928
  • Stories: 2
  • Living Area: 2,084 SqFt

Listing Office:

  • Office Name: The Virtual Realty Group
  • Office Phone: (313) 525-7751
  • Listing Agent: Dwala Burk

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: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: Left on Wyoming right on Florence

Price Information

Listing Price Info

Price Summary:

  • List Price: $135,000
  • Price Per SqFt: $65/SqFt

Tax Information:

  • Annual Amount: $1,576
  • 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

$84.9K

Med. Price/SqFt

$72

Avg. Days On Market

45

# of Sold Homes

404

16261 Kentucky St vs Detroit

28 DAYS ON ROCKET

-17 Days

$135,000

+$50K More

$65/SqFt

-$8 Less

KEY TAKEAWAY

This property is $50K more than the Median Sold Price and $8/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: #20240074750

Listing Office:

  • Office Name: The Virtual Realty Group
  • Office Phone: (313) 525-7751
  • Listing Agent: Dwala Burk

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: 10/31/2024, 9:20:52 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$1,576$28,200
2020$1,376$24,300
2018$1,376$16,200
2017$1,372$14,500

History based on county public records data.

Payment Calculator

$741

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$471

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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-872022
2
/10

  • Rutherford Winans Academy

  • 16411 Curtis St

  • 2.67 miles

  • Public Charter Grades PK-5

school-card-donut-872023
2
/10

  • Einstein Elementary School

  • 14001 Northend Ave

  • 3.08 miles

  • Public District Grades PK-6

school-card-donut-872024
1
/10

  • Key Elementary School

  • 23400 Jerome St

  • 3.56 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,915. Residents of Detroit, MI typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48221›16261 Kentucky St

This home is located at 16261 Kentucky St in Detroit, MI and zip code 48221 in the Fitzgerald neighborhood. This 2,084 square foot home, which was built in 1928, sits on a 0.11 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $135,000.

In September 2024, from all listings sold in Detroit, MI there were more than 110 sold above asking price, over 221 sold below and more than 73 were sold right at the asked price. The number of listings in Detroit, MI increased by 10.5% between August 2024 and September 2024. The median list price of listings available in September 2024 was $84,971, while the average time on the real estate market was 45 days.

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

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