1 month on rocket

2545 Cabot St, Detroit, MI, 48209

$425,000

Home List Price

$5,047*

Closing Credit

7 Full Baths
3,520 SqFt
$121/SqFt
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

2545 Cabot St, Detroit$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingTwoCarGarage
Garage2 spaces
Year Built1923
HeatingForced Air, Natural Gas
BasementYes
MLS #20240085399
Lot Size0.08 Acres
StatusActive

About 2545 Cabot St

This well-maintained 7-unit property is a fantastic investment, with 5 units currently rented and generating steady cash flow. The property offers a mix of 3 one-bedroom units and 4 two-bedroom units, providing great rental versatility. Don’t miss the opportunity to tour this income-producing asset today!

Property Details

Property Features

Property Information:

  • Architectural Style: Townhouse
  • Year Built: 1923
  • Living Area: 3,520 SqFt

Listing Office:

  • Office Name: DOBI Real Estate
  • Office Phone: (248) 385-3350
  • Listing Agent: Douglas Rahaim, Thomas Holzer

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 7

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: TwoCarGarage

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: East Of Dix Ave And North Of Vernor Hwy

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $121/SqFt

Tax Information:

  • Annual Amount: $1,924
  • Tax Year: 2021
House and calculator

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 Detroit, MI.

Map thumbnail provided by MapBox

Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

2545 Cabot St vs Detroit

35 DAYS ON ROCKET

-14 Days

$425,000

+$339.9K More

$121/SqFt

+$53 More

KEY TAKEAWAY

This property is $339.9K more than the Median Sold Price and $53/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240085399

Listing Office:

  • Office Name: DOBI Real Estate
  • Office Phone: (248) 385-3350
  • Listing Agent: Douglas Rahaim, Thomas Holzer

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, 5:21:01 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$1,924$42,600
2020$1,916$37,700
2018$1,916$27,200
2017$1,907$26,700

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

Powered By

Rocket Mortgage

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-4404090
2
/10

  • Bennett Elementary School

  • 2111 Mullane St

  • 0.33 miles

  • Public District Grades PK-5

school-card-donut-4404091
2
/10

  • Harms Elementary School

  • 2400 Central St

  • 0.58 miles

  • Public District Grades PK-5

school-card-donut-4404092
4
/10

  • Salina Elementary School

  • 2700 Ferney St

  • 0.80 miles

  • Public District Grades PK-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,625. The majority of Detroit, MI residents have income less than $35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48209›2545 Cabot St

This home is located at 2545 Cabot St in Detroit, MI and zip code 48209 in the Springwells neighborhood. This 3,520 square foot home, which was built in 1923, sits on a 0.08 acre lot. Features: 7 bathrooms. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $425,000.

Over 94 listings were sold over their listed price in November 2024 in Detroit, MI. In the same period over 247 listings were sold below the listed price and 55 listings were sold for the listed price. Between October 2024 and November 2024, Detroit, MI real estate market has seen increase in the number of listings by 2%. In November 2024, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $85,016.

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

More Resources