Excellent opportunity to own and operate a 14 unit apartment building on the far west side of Detroit. An already well managed asset, this building falls on the immediate border of Redford and Dearborn Heights, and surrounding home values and rents contribute to a potentially bright future of appreciation. This property both cash flows now and has meat on the bones for rent increases that will lead to a higher NOI and ultimately a higher valuation as a result. Offering memorandum and rent roll available upon request.
Property Details
Property Features
Property Information:
Architectural Style: UpperLowerApartment
Year Built: 1967
Living Area: 10,540 SqFt
Listing Office:
Office Name: Keller Williams Somerset
Office Phone: (248) 649-7200
Listing Agent: Joseph Hammel, Michael Helfant
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 14
Exterior Features
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.32 Acres
Utilities
Utilities Information:
Heating: Hot Water, Natural Gas
Other
Directions Information:
Directions: On Warren Ave Between Ann Arbor Trail And Outer Drive
Price Information
Listing Price Info
Price Summary:
List Price: $995,000
Price Per SqFt: $94/SqFt
Tax Information:
Annual Amount: $9,968
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Redford, MI.
This property is $820K more than the Median Sold Price and $16/SqFt less than other homes in Redford, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240085714
Listing Office:
Office Name: Keller Williams Somerset
Office Phone: (248) 649-7200
Listing Agent: Joseph Hammel, Michael Helfant
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.
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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.
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Nearby Schools
6
/10
River Oaks Elementary School
20755 Ann Arbor Trl
Distance between this listing and this school0.89 miles
Public District Grades PK-5
2
/10
Hillcrest Elementary School
7500 N Vernon St
Distance between this listing and this school0.99 miles
Public Magnet Grades KG-4
1
/10
Global Heights Academy
23713 Joy Rd
Distance between this listing and this school1.19 miles
Public Charter Grades PK-5
Nearby Schools
10
/10
Dearborn STEM Middle School
22586 Ann Arbor Trl
Distance between this listing and this school0.17 miles
Public District Grades 6-8
3
/10
Ann Arbor Trail Magnet School
7635 Chatham
Distance between this listing and this school0.39 miles
Public Magnet Grades PK-8
1
/10
Dixon Educational Learning Academy
8401 Trinity St
Distance between this listing and this school1.01 miles
Public District Grades KG-8
Nearby Schools
6
/10
Howe Trainable Center and Montessori
22586 Ann Arbor Trl
Distance between this listing and this school0.19 miles
Public District Grades PK-12
1
/10
Dearborn Magnet High School
22586 Ann Arbor Trl
Distance between this listing and this school0.19 miles
Public Magnet Grades 9-12
3
/10
Vista Meadows Academy
20651 W Warren St
Distance between this listing and this school0.69 miles
The neighbors living near this home have an average income of $52,410. The majority of Redford, MI residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
This home is located at 22330 W Warren Ave in Redford, MI and zip code 48239 in the Parkland neighborhood. This 10,540 square foot home, which was built in 1967, sits on a 0.32 acre lot. Features: 14 bathrooms. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $995,000.
In November 2024, from all listings sold in Redford, MI there were more than 21 sold above asking price, over 20 sold below and more than 9 were sold right at the asked price. The inventory of homes for sale in Redford, MI between October 2024 and November 2024 decreased by 2.7%. In November 2024 median list price was $175,000 and the average listing age was 23 days.
From Rocket Homes Real Estate and based on county public records data.