2 months on rocket

4716 Garland St, Detroit, MI, 48214

$120,000

Home List Price

$1,425*

Closing Credit

6 Bedrooms
2 Full Baths
2,034 SqFt
$59/SqFt
Multi

Location

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4716 Garland St, Detroit$120,000

Buyer Closing Credits

$1,425*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1920
HeatingOther
BasementYes
MLS #50151407
Lot Size0.09 Acres
StatusActive

About 4716 Garland St

Duplex was totally gutted top to bottom - new windows - new roof - new decks front and back - new plumbing - new electric - all rehabbed and redone - new siding . Nice quiet street , perfect for any investor - just move in tenants - market rents for each unit in the area for a large 3 bedroom 1 bath is anywhere from $1025-$1075 / so can easily get $2050-$2150 a month out of this duplex… CRAZY HIGH ROI!!!

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Stories: 2
  • Living Area: 2,034 SqFt

Listing Office:

  • Office Name: HomeCoin.com
  • Office Phone: (888) 400-2513
  • Listing Agent: Jonathan Minerick

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Other

School Info

School District Information:

  • School District: Detroit City School District

Price Information

Listing Price Info

Price Summary:

  • List Price: $120,000
  • Price Per SqFt: $59/SqFt

Tax Information:

  • Annual Amount: $655
  • 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

$73

Avg. Days On Market

45

# of Sold Homes

475

4716 Garland St vs Detroit

88 DAYS ON ROCKET

+43 Days

$120,000

+$35K More

$59/SqFt

-$15 Less

KEY TAKEAWAY

This property is $35K more than the Median Sold Price and $15/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MiRealSource
  • MLS Number: #50151407

Listing Office:

  • Office Name: HomeCoin.com
  • Office Phone: (888) 400-2513
  • Listing Agent: Jonathan Minerick

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 7:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 31, 2021Home Sold
$30,000

Tax History

YEARPROP. TAXASSESSMENT
2021$655$10,100
2020$812$9,900
2018$812$8,600
2017$809$8,800

History based on county public records data.

Payment Calculator

$666

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$426

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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-1868321
7
/10

  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 2.55 miles

  • Public Charter Grades KG-4

school-card-donut-1868322
2
/10

  • Oakland International Academy - Elementary School

  • 4001 Miller St

  • 2.58 miles

  • Public Charter Grades 2-4

school-card-donut-1868323
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 2.79 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 $16,923. Typical income of Detroit, MI residents is less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48214›4716 Garland St

This home is located at 4716 Garland St in Detroit, MI and zip code 48214 in the Lower East neighborhood. This 2,034 square foot home, which was built in 1920, sits on a 0.09 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 08, 2024 and is currently priced at $120,000.

In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.

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

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