Prime Investment Opportunity! Become the proud owner of this fully updated 5-unit apartment building, featuring modern energy-efficient appliances, a new furnace, and hot water tank. With all major updates completed, no repairs are needed—unless you choose to make enhancements! Each unit is fully occupied with responsible tenants, ensuring immediate income. Whether you prefer to maintain these units as rentals or explore the potential of converting them to condos (with city approval), the possibilities are endless. Conveniently located near major expressways, just 15 minutes from downtown Detroit, and 20 minutes from Detroit Metropolitan Airport.
This property is $414.9K more than the Median Sold Price and $19/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: #20240069400
Listing Office:
Office Name: KW Domain
Office Phone: (248) 590-0800
Listing Agent: Christina Gennari
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.
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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.
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Nearby Schools
1
/10
George Washington Carver Elementary School
14510 2nd Ave
Distance between this listing and this school1.20 miles
Public Charter Grades PK-4
3
/10
Bagley Elementary School of Journalism and Technology
8100 Curtis St
Distance between this listing and this school1.60 miles
Public District Grades PK-6
2
/10
Pasteur Elementary School
19811 Stoepel St
Distance between this listing and this school1.87 miles
Public District Grades PK-6
Nearby Schools
1
/10
Paul Robeson Malcolm X Academy
2585 Grove St
Distance between this listing and this school0.19 miles
Public District Grades PK-8
1
/10
Thurgood Marshall-Elementary School
15531 Linwood St
Distance between this listing and this school0.67 miles
Public District Grades PK-8
2
/10
Palmer Park Preparatory Academy
3901 Margareta St
Distance between this listing and this school1.12 miles
Public District Grades 5-8
Nearby Schools
5
/10
Joy Preparatory Academy
15055 Dexter Ave
Distance between this listing and this school1.13 miles
Public Charter Grades PK-12
4
/10
The School at Marygrove
8425 W McNichols Rd
Distance between this listing and this school1.58 miles
Public District Grades 9-12
2
/10
Mumford High School
17525 Wyoming St
Distance between this listing and this school2.12 miles
The neighbors living near this home have an average income of $42,065. The most common annual income of people living in Detroit, MI is less than $35k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
This home is located at 16810 Baylis St in Detroit, MI and zip code 48221 in the McNichols neighborhood. This 5,352 square foot home, which was built in 1927, sits on a 0.17 acre lot. Features: 5 bathrooms. It has been listed on Rocket Homes since September 17, 2024 and is currently priced at $499,900.
Over 125 listings were sold over their listed price in October 2024 in Detroit, MI. In the same period over 257 listings were sold below the listed price and 93 listings were sold for the listed price. 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.