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5203 University, Detroit, MI, 48224

$99,900

Home List Price

$1,186*

Closing Credit

3 Bedrooms
1 Full Bath
1,120 SqFt
$89/SqFt
House

Location

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5203 University, Detroit$99,900

Buyer Closing Credits

$1,186*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage1 space
Year Built1941
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240086001
Lot Size0.15 Acres
StatusActive

About 5203 University

This tenant-occupied property at 5203 University presents a prime investment opportunity. Currently generating steady rental income, it’s perfect for investors seeking immediate returns. The property features 3 bedrooms, 1 bathroom, and offers 1250 sqft of living space. it’s a great addition to any real estate portfolio. Contact us today for more details!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1941
  • Stories: 1
  • Living Area: 1,120 SqFt

Listing Office:

  • Office Name: Rondo Investment LLC
  • Office Phone: (313) 521-6666
  • Listing Agent: Raphael D Fazzolari

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: S of Chandler Park DrW of Canyon St

Price Information

Listing Price Info

Price Summary:

  • List Price: $99,900
  • Price Per SqFt: $89/SqFt
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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

5203 University vs Detroit

3 DAYS ON ROCKET

-42 Days

$99,900

+$14.9K More

$89/SqFt

+$15 More

KEY TAKEAWAY

This property is $14.9K more than the Median Sold Price and $15/SqFt more 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: #20240086001

Listing Office:

  • Office Name: Rondo Investment LLC
  • Office Phone: (313) 521-6666
  • Listing Agent: Raphael D Fazzolari

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: 11/17/2024, 11:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$566

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$366

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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-450410
1
/10

  • Distinctive College Preparatory

  • 19360 Harper Ave

  • 1.21 miles

  • Public Charter Grades KG-6

school-card-donut-450411
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 1.25 miles

  • Public Charter Grades KG-5

school-card-donut-450412
1
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.32 miles

  • Public Magnet Grades 4-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,125. Typical income of Detroit, MI residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5203 University

What is the listing price of this property?

The listing price of 5203 University property is $99,900.

What type of property is this?

The property 5203 University is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 5203 University is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5203 University has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5203 University is 1,120 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5203 University is 1941.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5203 University

This home is located at 5203 University in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 1,120 square foot home, which was built in 1941, sits on a 0.15 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $99,900.

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 inventory of homes for sale in Detroit, MI between September 2024 and October 2024 increased by 11.2%. 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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