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18041 Pelkey St, Detroit, MI, 48205

$188,700

Home List Price

$2,241*

Closing Credit

2 Full Baths, 1 Partial
2,534 SqFt
$74/SqFt
Multi

Location

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18041 Pelkey St, Detroit$188,700

Buyer Closing Credits

$2,241*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1927
HeatingNatural Gas, Hot Water
BasementYes
MLS #20240058156
Lot Size0.12 Acres
StatusActive

About 18041 Pelkey St

LOCATED 8 MINUTES FROM THE HISTORIC EAST ENGLISH VILLAGE DISTRICT, YOU WILL FIND 18041 PELKEY NESTLED ON A 5,227 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. YOUR APARTMENT COMPLEX CONSISTS OF 3 RECENTLY REMODELED 3 BEDROOM AND 1 BED UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND ONE WITH BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN RENTED WITH 3 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 3613 PAID IN FULL BY THE GOVERNMENT. TENANTS COVER ALL THE UTILITIES WITH ROI OF JUST UNDER 20 PERCNT. THE TAXES HAVE BEEN REDUCED TO ROUGHLY 75 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

Property Details

Property Features

Property Information:

  • Architectural Style: Triplex
  • Year Built: 1927
  • Stories: 2
  • Living Area: 2,534 SqFt

Listing Office:

  • Office Name: 1st Michigan Real Estate
  • Listing Agent: Marta Kopania

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: PELKEY & GREINER

Price Information

Listing Price Info

Price Summary:

  • List Price: $188,700
  • Price Per SqFt: $74/SqFt

Tax Information:

  • Annual Amount: $825
  • 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

$72

Avg. Days On Market

51

# of Sold Homes

387

18041 Pelkey St vs Detroit

49 DAYS ON ROCKET

-2 Days

$188,700

+$103.7K More

$74/SqFt

+$1 More

KEY TAKEAWAY

This property is $103.7K more than the Median Sold Price and $1/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: #20240058156

Listing Office:

  • Office Name: 1st Michigan Real Estate
  • Listing Agent: Marta Kopania

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: 9/27/2024, 5:20:53 PM 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 28, 2019Home Sold
$14,000

Tax History

YEARPROP. TAXASSESSMENT
2021$825$14,400
2020$1,036$14,400
2018$1,036$15,800
2017$1,035$16,100

History based on county public records data.

Payment Calculator

$1,009

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$632

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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-723366
4
/10

  • McKinley Elementary School

  • 13173 Toepfer Rd

  • 2.00 miles

  • Public District Grades KG-5

school-card-donut-723367
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 2.25 miles

  • Public Charter Grades KG-5

school-card-donut-723368
1
/10

  • Chandler Park Academy - Elementary School

  • 20200 Kelly Rd

  • 2.54 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,412. Most Detroit, MI residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48205›18041 Pelkey St

This home is located at 18041 Pelkey St in Detroit, MI and zip code 48205 in the Upper East neighborhood. This 2,534 square foot home, which was built in 1927, sits on a 0.12 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since August 09, 2024 and is currently priced at $188,700.

Over 104 listings were sold over their listed price in August 2024 in Detroit, MI. In the same period over 209 listings were sold below the listed price and 74 listings were sold for the listed price. Between July 2024 and August 2024, Detroit, MI real estate market has seen increase in the number of listings by 12.2%. The median list price of listings available in August 2024 was $85,000, while the average time on the real estate market was 51 days.

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

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