4 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
BasementYes
MLS #24034687
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 EACH Location: 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

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

$73

Avg. Days On Market

45

# of Sold Homes

475

2302 W Grand St vs Detroit

131 DAYS ON ROCKET

+86 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 Number: #24034687

Listing Office:

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

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: 11/17/2024, 10:20:53 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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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-376833
1
/10

  • George Washington Carver Elementary School

  • 14510 2nd Ave

  • 1.19 miles

  • Public Charter Grades PK-4

school-card-donut-376834
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 1.47 miles

  • Public Charter Grades KG-5

school-card-donut-376835
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. 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›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.

While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. Listings spent 45 days on the market in October 2024, and had a median list price of $85,000 during the same period.

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

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