5 months on rocket

2302 W Grand St, Detroit, MI, 48238

$60,000

Home List Price

$713*

Closing Credit

0 Baths
Multi

Location

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2302 W Grand St, Detroit$60,000

Buyer Closing Credits

$713*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1925
HeatingForced Air, Natural Gas
BasementYes
MLS #81024034687
Lot Size0.11 Acres
StatusActive

About 2302 W Grand St

Seize this incredible investment opportunity with a multifamily property located in a highly desirable suburb of Detroit. This great income-producing property is priced to sell and offers substantial returns on investment.Key Features:4 UNIT WITH 2 BDRMS EACHLocation: Situated in a good suburb of Detroit, providing a prime location for tenants seeking suburban living with easy access to the city's amenities.Income-Producing: This multifamily property is designed to generate consistent rental income, making it an ideal addition to your investment portfolio.Affordable Pricing: Priced at a low cost, this property offers significant value and potential for appreciation.Land Bank Terms: Subject to land bank terms, providing a unique investment opportunity with potential incentive

Property Details

Property Features

Property Information:

  • Year Built: 1925

Listing Office:

  • Office Name: iTech Realty
  • Office Phone: (586) 262-6757
  • Listing Agent: Kingsley Ifezue

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Head southwest toward John C Lodge Service Dr. Turn right onto John C Lodge Service Dr, then immediately turn left onto W Grand St. Your destination will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $60,000
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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

2302 W Grand St vs Detroit

162 DAYS ON ROCKET

+113 Days

$60,000

-$25K Less

KEY TAKEAWAY

This property is $25K less than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Metropolitan Association of REALTORS
  • MLS Number: #81024034687

Listing Office:

  • Office Name: iTech Realty
  • Office Phone: (586) 262-6757
  • Listing Agent: Kingsley Ifezue

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: 12/18/2024, 7:21:06 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - -

History based on county public records data.

Payment Calculator

$367

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$246

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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-4440185
1
/10

  • George Washington Carver Elementary School

  • 14510 2nd Ave

  • 1.19 miles

  • Public Charter Grades PK-4

school-card-donut-4440186
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 1.47 miles

  • Public Charter Grades KG-5

school-card-donut-4440187
3
/10

  • Bagley Elementary School of Journalism and Technology

  • 8100 Curtis St

  • 2.64 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,203. Residents of Detroit, MI typically earn less than $35k each year. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48238›2302 W Grand St

This home is located at 2302 W Grand St in Detroit, MI and zip code 48238 in the Midtown neighborhood. This home, which was built in 1925, sits on a 0.11 acre lot. It has been listed on Rocket Homes since July 09, 2024 and is currently priced at $60,000.

Detroit, MI housing market in November 2024 saw over 94 listings sold above listed price, more than 55 sold at listed price and over 247 sold below. Between October 2024 and November 2024, Detroit, MI real estate market has seen increase in the number of listings by 2%. While the average time on the market in November 2024 was 49 days, the median list price was $85,016.

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

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