2 months on rocket

5026 Bewick St, Detroit, MI, 48213

$45,000

Home List Price

$534*

Closing Credit

2 Full Baths
1,536 SqFt
$29/SqFt
Multi

Location

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5026 Bewick St, Detroit$45,000

Buyer Closing Credits

$534*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1921
HeatingNatural Gas, Hot Water
BasementYes
MLS #20240061295
Lot Size0.09 Acres
StatusActive

About 5026 Bewick St

**Property Description:** This multi-family property, located in a promising neighborhood, offers a fantastic opportunity for investors or those looking to generate rental income. The building features multiple units that, with some TLC, can be transformed into a highly profitable investment. The property requires renovation, providing a blank canvas in the upper unit for you to tailor the space to your needs or the demands of the rental market. Once updated, this property has the potential to generate up to 2,200 per month in rental income, making it an excellent option for those looking to build wealth through real estate. With a solid structure and ample square footage, this property is poised to become a high-yield investment. Don't miss this chance to turn a fixer-upper into a valuable income-generating asset!

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1921
  • Stories: 2
  • Living Area: 1,536 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: take Mack to Bewick

Price Information

Listing Price Info

Price Summary:

  • List Price: $45,000
  • Price Per SqFt: $29/SqFt

Tax Information:

  • Annual Amount: $652
  • Tax Year: 2017
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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

$84.9K

Med. Price/SqFt

$72

Avg. Days On Market

45

# of Sold Homes

404

5026 Bewick St vs Detroit

74 DAYS ON ROCKET

+29 Days

$45,000

-$39.9K Less

$29/SqFt

-$44 Less

KEY TAKEAWAY

This property is $39.9K less than the Median Sold Price and $44/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: #20240061295

Listing Office:

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

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: 10/31/2024, 10:20:52 PM 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 - $8,800
2017$652$7,700

History based on county public records data.

Payment Calculator

$292

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$201

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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-874845
2
/10

  • Oakland International Academy - Elementary School

  • 4001 Miller St

  • 2.43 miles

  • Public Charter Grades 2-4

school-card-donut-874846
7
/10

  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 2.52 miles

  • Public Charter Grades KG-4

school-card-donut-874847
3
/10

  • Bridge Academy - Elementary School

  • 9600 Buffalo St

  • 2.86 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,311. Most Detroit, MI residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48213›5026 Bewick St

This home is located at 5026 Bewick St in Detroit, MI and zip code 48213 in the Lower East neighborhood. This 1,536 square foot home, which was built in 1921, sits on a 0.09 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since August 18, 2024 and is currently priced at $45,000.

Detroit, MI housing market in September 2024 saw over 110 listings sold above listed price, more than 73 sold at listed price and over 221 sold below. In September 2024 in Detroit, MI there were 10.5% more homes for sale than in August 2024. While the average time on the market in September 2024 was 45 days, the median list price was $84,971.

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

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