2 months on rocket

20500 Veach St, Detroit, MI, 48234

$70,000

Home List Price

$831*

Closing Credit

0 Baths
Multi

Location

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20500 Veach St, Detroit$70,000

Buyer Closing Credits

$831*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1925
HeatingForced Air
BasementYes
MLS #24049366
Lot Size0.09 Acres
StatusActive

About 20500 Veach St

This multi-family, income-producing property offers a prime investment opportunity with strong rental potential. The property features two well-maintained units, each with 2 bedrooms and 1 bathroom, providing comfortable living spaces that appeal to a wide range of tenants. Additionally, it includes a 2-car garage, offering added convenience and value. Whether you're looking to expand your real estate portfolio or generate steady passive income, this property presents a solid investment in a desirable location. Don't miss the chance to capitalize on this lucrative opportunity.

Property Details

Property Features

Property Information:

  • Year Built: 1925

Listing Office:

  • Office Name: KW Professionals
  • Office Phone: (734) 459-4700
  • Listing Agent: Jeff Glover, Adonis Miller

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Eight Mile and Van Dyke

Price Information

Listing Price Info

Price Summary:

  • List Price: $70,000

Tax Information:

  • Annual Amount: $3,569
  • 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

$73

Avg. Days On Market

45

# of Sold Homes

475

20500 Veach St vs Detroit

63 DAYS ON ROCKET

+18 Days

$70,000

-$15K Less

KEY TAKEAWAY

This property is $15K less than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24049366

Listing Office:

  • Office Name: KW Professionals
  • Office Phone: (734) 459-4700
  • Listing Agent: Jeff Glover, Adonis Miller

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:20:56 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

Dec 10, 2019Home Sold
$27,400
Mar 29, 2004Home Sold
$72,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,569$24,300
2020$1,043$23,900
2018$1,043$16,300
2017$1,039$13,700

History based on county public records data.

Payment Calculator

$417

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$276

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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.

Nearby Schools

school-card-donut-262057
5
/10

  • Lincoln Elementary School

  • 22100 Federal Ave

  • 0.72 miles

  • Public District Grades KG-5

school-card-donut-262058
2
/10

  • Mound Park Elementary School

  • 5356 Toepfer Rd

  • 1.57 miles

  • Public District Grades KG-5

school-card-donut-262059
4
/10

  • McKinley Elementary School

  • 13173 Toepfer Rd

  • 1.69 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,516. Most Detroit, MI residents have annual incomes less than $35k. The majority of 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›48234›20500 Veach St

This home is located at 20500 Veach St in Detroit, MI and zip code 48234 in the Grant neighborhood. This home, which was built in 1925, sits on a 0.09 acre lot. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $70,000.

In October 2024 more than 125 listings in Detroit, MI were sold above the asking price. During the same period more than 93 listings were sold at asking price, while more than 257 were sold below. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.

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

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