**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.
This property is $40K less than the Median Sold Price and $45/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
Disclaimer: 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.
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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.
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Nearby Schools
2
/10
Oakland International Academy Elementary School
4001 Miller St
Distance between this listing and this school2.42 miles
Public Charter Grades 2-4
3
/10
Bridge Academy East
9600 Buffalo St
Distance between this listing and this school2.86 miles
Public Charter Grades PK-5
6
/10
George Defer Elementary School
15425 Kercheval Ave
Distance between this listing and this school2.92 miles
Public District Grades KG-5
Nearby Schools
3
/10
Barack Obama Leadership Academy
10800 E Canfield St
Distance between this listing and this school0.50 miles
Public Charter Grades KG-8
2
/10
Blackwell Institute
9330 Shoemaker St
Distance between this listing and this school0.69 miles
Public District Grades PK-8
5
/10
Detroit Preparatory
8411 Sylvester St
Distance between this listing and this school0.95 miles
Public Charter Grades KG-8
Nearby Schools
1
/10
Covenant House Academy Detroit East Site
9100 Gratiot Ave Ste 101
Distance between this listing and this school0.77 miles
Public Charter Grades 9-12
3
/10
Southeastern High School
3030 Fairview St
Distance between this listing and this school1.07 miles
Public Magnet Grades 9-12
2
/10
Pathways Academy
11340 E Jefferson Ave
Distance between this listing and this school1.76 miles
The neighbors living near this home have an average income of $14,311. Residents of Detroit, MI typically earn less than $35k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.
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.
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 listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. Listings spent 45 days on the market in October 2024, and had a median list price of $85,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.