6 months on rocket

Backup Offers

19143 Berg Rd, Detroit, MI, 48219

$1,799,900

Home List Price

$10,000*

Closing Credit

40 Full Baths, 8 Partial
39,816 SqFt
$45/SqFt
Multi

Location

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19143 Berg Rd, Detroit$1,799,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingParkingLot, Paved
Year Built1963
HeatingBaseboard, Natural Gas, Steam
CoolingWindow Unit(s)
BasementYes
MLS #20240042177
Lot Size1.26 Acres
StatusAccepting Backup Offers

About 19143 Berg Rd

Lucrative Investment Opportunity: Well-Established 40-Unit Apartment Building! *Call for Offers for Monday July 1st at 3 pm.* Seeking a stable and profitable investment? Look no further than this exceptional 40-unit apartment complex located in Detroit. The property boasts a strong rental history and excellent income potential. Currently generating a gross annual income of approximately $324,000 with a projected Net Operating Income (NOI) of $227,000 for 2024, this investment offers proven performance. There's also significant value-add opportunity: reach full capacity and unlock even greater income. Projected gross income upon full occupancy is $432,000. The complex caters to a wide range of renters with a diverse unit mix of spacious 2-bedroom townhouses (8 units), regular 2-bedroom units (8 units), and efficient 1-bedroom units (24 units). Landlord currently covers water, gas, and electric. Don't miss out on this income-generating gem! Showings require advanced notice to respect current tenants. Contact us today to schedule a showing and learn more about this opportunity in a desirable location. Proof of funds and/or financing is required to schedule a showing.

Property Details

Property Features

Property Information:

  • Architectural Style: CommonEntryBuilding
  • Year Built: 1963
  • Living Area: 39,816 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Dmitriy Selektor

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 8
  • Full Bathrooms: 40

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: ParkingLot, Paved

Lot Features

Lot Information:

  • Lot Size: 1.26 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Steam
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: North of 7 Mile

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,799,900
  • Price Per SqFt: $45/SqFt

Tax Information:

  • Annual Amount: $31,861
  • 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

19143 Berg Rd vs Detroit

184 DAYS ON ROCKET

+135 Days

$1,799,900

+$1.7M More

$45/SqFt

-$23 Less

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price and $23/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: #20240042177

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Dmitriy Selektor

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: 12/22/2024, 8:21:08 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

Oct 05, 2018Home Sold
$1,300,000

Tax History

YEARPROP. TAXASSESSMENT
2021$31,861$454,600
2020$19,699$358,900
2018$19,699$238,900
2017$19,576$223,300

History based on county public records data.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

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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-917966
1
/10

  • Old Redford Academy Elementary School

  • 17195 Redford St

  • 1.06 miles

  • Public Charter Grades PK-4

school-card-donut-917967
1
/10

  • Beech Elementary School

  • 19990 Beech Daly Rd

  • 1.45 miles

  • Public District Grades 2-5

school-card-donut-917968
3
/10

  • Distinctive College Preparatory

  • 17175 Olympia

  • 1.69 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 $45,909. Most Detroit, MI residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48219›19143 Berg Rd

This home is located at 19143 Berg Rd in Detroit, MI and zip code 48219 in the Old Redford neighborhood. This 39,816 square foot home, which was built in 1963, sits on a 1.26 acre lot. Features: 48 bathrooms. It has been listed on Rocket Homes since June 20, 2024 and is currently priced at $1,799,900.

While more than 94 listings in Detroit, MI in November 2024 were sold above asking price, there were more than 55 listings sold at asking price, and more than 247 were sold below. Between October 2024 and November 2024, Detroit, MI real estate market has seen increase in the number of listings by 2%. 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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