Value add 24 unit apartment building. Centrally located this building offers 10-minute access to Downtown, close proximity to major grocers and public transportation. Opportunity to increase income through increasing occupancy, renovating units and bringing rents up to market rate, lowering utility costs and restoring coin-op laundry.Located just south of 8 Mile Rd, east of I-75
This property is $1.1M 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 Regional Alliance of REALTORS®
MLS Number: #65024025147
Listing Office:
Office Name: MOXIE Real Estate + Development
Office Phone: (616) 890-7794
Listing Agent: Shawn Jacobs
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,306
Per Month
Principal & Interest
$6,239
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,814
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
United Oaks Elementary School
1001 E Harry Ave
Distance between this listing and this school1.57 miles
Public District Grades KG-5
2
/10
Mound Park Elementary School
5356 Toepfer Rd
Distance between this listing and this school1.76 miles
Public District Grades KG-5
2
/10
Hoover Elementary School
23720 Hoover Ave
Distance between this listing and this school2.14 miles
Public District Grades PK-5
Nearby Schools
2
/10
Legacy Charter Academy
4900 E Hildale St
Distance between this listing and this school1.34 miles
Public Charter Grades KG-8
1
/10
Hazel Park Junior High School
22770 Highland Ave
Distance between this listing and this school1.85 miles
Public District Grades 6-8
3
/10
Commonwealth Community Development Academy
13477 Eureka St
Distance between this listing and this school1.87 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Hazel Park Michigan Online High School
1543 E 8 Mile Rd
Distance between this listing and this school0.82 miles
Public District Grades 9-12
2
/10
Pershing High School
18875 Ryan Rd
Distance between this listing and this school0.87 miles
Public Magnet Grades 9-12
1
/10
Hazel Park Breakfast Club
1620 E Elza Ave
Distance between this listing and this school1.03 miles
The neighbors living near this home have an average income of $30,976. Residents of Detroit, MI typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
This home is located at 19625 Conant St in Detroit, MI and zip code 48234 in the North East neighborhood. This home, which was built in 1958, sits on a 0.39 acre lot. It has been listed on Rocket Homes since May 21, 2024 and is currently priced at $1,250,000.
In May 2024, from all listings sold in Detroit, MI there were more than 116 sold above asking price, over 246 sold below and more than 71 were sold right at the asked price. Between April 2024 and May 2024, Detroit, MI real estate market has seen increase in the number of listings by 9.9%. Listings spent 49 days on the market in May 2024, and had a median list price of $82,639 during the same period.
From Rocket Homes Real Estate and based on county public records data.