new - 6 days on rocket

2708 Elmhurst St, Detroit, MI, 48206

$40,000

Home List Price

$475*

Closing Credit

2 Full Baths, 1 Partial
2,600 SqFt
$15/SqFt
Multi

Location

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2708 Elmhurst St, Detroit$40,000

Buyer Closing Credits

$475*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingTwoCarGarage
Garage2 spaces
Year Built1925
HeatingHot Water, Natural Gas
BasementYes
MLS #20240091883
Lot Size0.10 Acres
StatusActive

About 2708 Elmhurst St

Don't miss out on this incredible investment property in one of the hottest upcoming areas in Detroit. Located in the rapidly developing neighborhood of Dexter- Linwood, where there’s new construction of the Dexter-Elmhurst Recreation Center expected to be completed next year. This property is perfectly positioned for growth and appreciation. This potential income producing multifamily home has 2 apartments with 3 bedrooms, and 1 bath in each unit. The attic has the potential to be finished into a loft and there’s a huge basement. There’s ample space for tenants or a growing family. This property needs a full rehab but It's an ideal investment with strong rental potential and a promising future in a neighborhood on the rise. Schedule a showing today and take the first step towards securing your future investment!

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1925
  • Living Area: 2,600 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Nichole Alexander

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2

Exterior Features

Parking Information:

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

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Natural Gas

Other

Directions Information:

  • Directions: Between Dexter and Linwood

Price Information

Listing Price Info

Price Summary:

  • List Price: $40,000
  • Price Per SqFt: $15/SqFt

Tax Information:

  • Annual Amount: $2,688
  • Tax Year: 2021
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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

2708 Elmhurst St vs Detroit

6 DAYS ON ROCKET

-43 Days

$40,000

-$45K Less

$15/SqFt

-$53 Less

KEY TAKEAWAY

This property is $45K less than the Median Sold Price and $53/SqFt less 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: #20240091883

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Nichole Alexander

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, 3:21:04 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$2,688$19,200
2020$1,792$17,700
2018$1,792$16,800
2017$1,221$17,200

History based on county public records data.

Payment Calculator

$267

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$186

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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-4347164
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 1.32 miles

  • Public Charter Grades KG-5

school-card-donut-4347165
1
/10

  • George Washington Carver Elementary School

  • 14510 2nd Ave

  • 1.87 miles

  • Public Charter Grades PK-4

school-card-donut-4347166
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 2.48 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,753. 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›48206›2708 Elmhurst St

This home is located at 2708 Elmhurst St in Detroit, MI and zip code 48206 in the Midtown neighborhood. This 2,600 square foot home, which was built in 1925, sits on a 0.10 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since December 12, 2024 and is currently priced at $40,000.

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. In November 2024 in Detroit, MI there were 2% more homes for sale than in October 2024. Listings spent 49 days on the market in November 2024, and had a median list price of $85,016 during the same period.

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

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