new - 1 day on rocket

4947 Maplewood St, Detroit, MI, 48204

$110,000

Home List Price

$1,306*

Closing Credit

4 Full Baths
3,074 SqFt
$36/SqFt
Multi

Location

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4947 Maplewood St, Detroit$110,000

Buyer Closing Credits

$1,306*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1917
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240087318
Lot Size0.10 Acres
StatusActive

About 4947 Maplewood St

Attention investors! This multi-family quadruplex in Detroit offers incredible potential. Located just minutes from downtown Detroit, this property is ideally situated near public transportation, schools, and major freeways, ensuring convenience for future tenants. Each of the four units features separate meters, making it an excellent candidate for rental income. While the property requires renovation, it provides a blank canvas for customization and modernization. This property is being sold as-is, offering a unique chance to invest in Detroit’s rapidly growing real estate market. Don't miss this opportunity to transform this quadruplex into a profitable income-generating property! For more details or to schedule a viewing, contact us today!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1917
  • Stories: 2
  • Living Area: 3,074 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Grand River East To Maplewood Turn Right

Price Information

Listing Price Info

Price Summary:

  • List Price: $110,000
  • Price Per SqFt: $36/SqFt

Tax Information:

  • Annual Amount: $1,405
  • 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

4947 Maplewood St vs Detroit

1 DAY ON ROCKET

-44 Days

$110,000

+$25K More

$36/SqFt

-$38 Less

KEY TAKEAWAY

This property is $25K more than the Median Sold Price and $38/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: #20240087318

Listing Office:

  • Office Name: Detroit Metro 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: 11/21/2024, 3:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,405$19,700
2020$1,016$17,100
2018$1,016$16,200
2017$1,013$16,600

History based on county public records data.

Payment Calculator

$617

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$396

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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-170621
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 1.56 miles

  • Public District Grades KG-5

school-card-donut-170622
5
/10

  • McDonald Elementary School

  • 10151 Diversey St

  • 2.01 miles

  • Public District Grades PK-5

school-card-donut-170623
1
/10

  • Cesar Chavez Academy Intermediate School

  • 4100 Martin St

  • 2.17 miles

  • Public Charter Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,884. The most common annual income of people living in Detroit, MI is less than $35k. The most common type of family is single, no kids. 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›48204›4947 Maplewood St

This home is located at 4947 Maplewood St in Detroit, MI and zip code 48204 in the Tireman neighborhood. This 3,074 square foot home, which was built in 1917, sits on a 0.10 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $110,000.

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 homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.

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

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