new - 1 day on rocket

540-542 Holbrook St, Detroit, MI, 48202

$250,000

Home List Price

$2,969*

Closing Credit

2 Full Baths
2,112 SqFt
$118/SqFt
Multi

Location

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540-542 Holbrook St, Detroit$250,000

Buyer Closing Credits

$2,969*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarages
Year Built1915
HeatingNatural Gas, Forced Air
CoolingWindow Unit(s)
BasementYes
MLS #20240085991
Lot Size0.08 Acres
StatusActive

About 540-542 Holbrook St

Welcome to 540-542 Holbrook Ave, a beautifully maintained duplex that’s perfect for investors or owner-occupants! Each unit boasts 2 spacious bedrooms, 1 bathroom, and stunning hardwood flooring throughout. Both units have been freshly painted, offering a clean, modern feel that tenants will love. Recent updates include a brand-new roof, updated plumbing, gutters and modernized electrical systems, ensuring peace of mind for years to come. The property also features a 2-car garage and sits next to a sizable lot, providing ample outdoor space for recreation, gardening, or future development opportunities. Prime Michigan Opportunity Zone Location—Incredible Tax Advantages. Perfect for investors seeking tax deferred growth opportunities. Currently, both units are rented on month-to-month leases at $1,000 per unit, with rental comps in the area averaging $1,200 per unit, offering significant potential for increased cash flow.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1915
  • Stories: 2
  • Living Area: 2,112 SqFt

Listing Office:

  • Office Name: Max Broock, REALTORS®-Birmingham
  • Office Phone: (248) 644-6700
  • Listing Agent: Antonio Wells

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Smoke Alarm, 100 Amp Service, High Spd Internet Avail, Laundry Facility, Programmable Thermostat

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Gutter Guard System, Fenced

Parking Information:

  • Parking: Garages

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: East Of Woodward And West Of Oakland

Price Information

Listing Price Info

Price Summary:

  • List Price: $250,000
  • Price Per SqFt: $118/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

540-542 Holbrook St vs Detroit

1 DAY ON ROCKET

-44 Days

$250,000

+$165K More

$118/SqFt

+$44 More

KEY TAKEAWAY

This property is $165K more than the Median Sold Price and $44/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: #20240085991

Listing Office:

  • Office Name: Max Broock, REALTORS®-Birmingham
  • Office Phone: (248) 644-6700
  • Listing Agent: Antonio Wells

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

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

Payment Calculator

$1,315

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$816

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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-165445
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 0.77 miles

  • Public Charter Grades KG-5

school-card-donut-165446
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 1.13 miles

  • Public Charter Grades KG-5

school-card-donut-165447
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.34 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,000. The most common annual income of people living in Detroit, MI is less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48202›540-542 Holbrook St

This home is located at 540-542 Holbrook St in Detroit, MI and zip code 48202 in the Midtown neighborhood. This 2,112 square foot home, which was built in 1915, sits on a 0.08 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $250,000.

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. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 2024. In October 2024 median list price was $85,000 and the average listing age was 45 days.

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

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