Exciting investment opportunity to acquire a 2 unit apartment building located in Hamtramyck, one of Metro Detroit's fastest growing sub-markets! Well cared for building with numerous big ticket updates. Upper and lower 3 Bedroom apartments with separate utilities paid for by tenants. Open concept kitchens. Efficient unit layouts ideal for today's tenant living standards. Lower apartment currently leased at $1000/ month and upper leased at 1075 a month. Both units rented at great lease rates making this a turnkey cash flowing investment property! One unit lease ends at the end of August offering an owner occupant option. Live in one and have the other pay for carrying costs. DO NOT DISTURB TENANT. PROPERTY TOURS BY APPOINTMENT ONLY
Property Details
Property Features
Property Information:
Architectural Style: Colonial, Duplex
Year Built: 1917
Living Area: 1,650 SqFt
Listing Office:
Office Name: Jim Saros Real Estate Services
Office Phone: (313) 886-9030
Listing Agent: Spencer Ray
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 2
Exterior Features
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Other
Directions Information:
Directions: Turn left onto Andrus from Joseph Campau
Price Information
Listing Price Info
Price Summary:
List Price: $229,900
Price Per SqFt: $139/SqFt
Tax Information:
Annual Amount: $1,160
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Hamtramck, MI.
This property is $64.9K more than the Median Sold Price and $16/SqFt more than other homes in Hamtramck, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20230062614
Listing Office:
Office Name: Jim Saros Real Estate Services
Office Phone: (313) 886-9030
Listing Agent: Spencer Ray
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.
$1,215
Per Month
Principal & Interest
$1,148
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
$756
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
3
/10
Dickinson East Elementary School
3385 Norwalk St
Distance between this listing and this school0.79 miles
Public District Grades KG-6
2
/10
Oakland International Academy Elementary School
4001 Miller St
Distance between this listing and this school0.88 miles
Public Charter Grades 2-4
2
/10
Dickinson West Elementary School
2333 Burger St
Distance between this listing and this school0.97 miles
Public District Grades KG-6
Nearby Schools
3
/10
Holbrook Elementary School
2361 Alice St
Distance between this listing and this school0.17 miles
Public District Grades KG-8
4
/10
Hanley International Academy
2400 Denton St
Distance between this listing and this school0.23 miles
Public Charter Grades PK-8
2
/10
Tau Beta School
3056 Hanley St
Distance between this listing and this school0.49 miles
Public District Grades KG-8
Nearby Schools
5
/10
Oakland International Academy High School
2619 Florian St
Distance between this listing and this school0.44 miles
Public Charter Grades 9-12
2
/10
Horizon High School
3225 Caniff St
Distance between this listing and this school0.95 miles
Public District Grades 9-12
4
/10
Hamtramck High School
11410 Charest St
Distance between this listing and this school1.05 miles
The neighbors living near this home have an average income of $18,750. Typical income of Hamtramck, MI residents is less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
This home is located at 2231 Andrus St in Hamtramck, MI and zip code 48212. This 1,650 square foot home, which was built in 1917, sits on a 0.07 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since July 28, 2023 and is currently priced at $229,900.
Over 5 listings were sold over their listed price in November 2024 in Hamtramck, MI. In the same period over 2 listings were sold below the listed price and 1 listings were sold for the listed price. The number of homes for sale in Hamtramck, MI increased by 7.3% between October 2024 and November 2024. The median list price of listings available in November 2024 was $165,000, while the average time on the real estate market was 9 days.
From Rocket Homes Real Estate and based on county public records data.