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Backup Offers

7225 Senator St, Detroit, MI, 48209

$100,000

Home List Price

$1,188*

Closing Credit

2 Full Baths
1,210 SqFt
$83/SqFt
Multi

Location

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7225 Senator St, Detroit$100,000

Buyer Closing Credits

$1,188*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1919
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240074526
Lot Size0.07 Acres
StatusAccepting Backup Offers

About 7225 Senator St

This updated multi-family property offers excellent potential for steady returns. Featuring two spacious 1-bedroom, 1-bath units, both have been well-maintained and are ready for new ownership. Each unit is equipped with brand-new carpet, updated cabinetry, and a newer roof, making it a turnkey investment. The upper unit includes a private balcony, providing outdoor space for relaxation, while the shared basement offers additional storage or laundry space. With each unit renting for $950/month, this property delivers solid rental income and has the potential for future appreciation. Located in Southwest Detroit, this property is just 15 minutes from downtown and offers easy access to I-75, making it a convenient location for tenants. Whether you're an experienced investor or looking for your next project, this property is a great opportunity to add to your portfolio. Don't miss out—schedule your viewing today! The highest and best offer deadline is 10/14/24 at 6 PM

Property Details

Property Features

Property Information:

  • Architectural Style: Townhouse
  • Year Built: 1919
  • Stories: 2
  • Living Area: 1,210 SqFt

Listing Office:

  • Office Name: EXP Realty Plymouth
  • Office Phone: (855) 477-7355
  • Listing Agent: Darius Robinson

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: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: S Vernor W E Springwells St

Price Information

Listing Price Info

Price Summary:

  • List Price: $100,000
  • Price Per SqFt: $83/SqFt

Tax Information:

  • Annual Amount: $1,170
  • 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

7225 Senator St vs Detroit

26 DAYS ON ROCKET

-19 Days

$100,000

+$15K More

$83/SqFt

+$9 More

KEY TAKEAWAY

This property is $15K more than the Median Sold Price and $9/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: #20240074526

Listing Office:

  • Office Name: EXP Realty Plymouth
  • Office Phone: (855) 477-7355
  • Listing Agent: Darius Robinson

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: 11/5/2024, 5:20:53 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$1,170$14,000
2020$767$12,400
2018$767$7,600
2017$765$7,500

History based on county public records data.

Payment Calculator

$567

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-2198080
1
/10

  • Cesar Chavez Academy Intermediate School

  • 4100 Martin St

  • 1.19 miles

  • Public Charter Grades 3-5

school-card-donut-2198081
1
/10

  • Voyageur Academy

  • 4321 Military St

  • 1.39 miles

  • Public Charter Grades KG-4

school-card-donut-2198082
3
/10

  • Salina Intermediate School

  • 2623 Salina St

  • 1.47 miles

  • Public District Grades 4-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,735. Most Detroit, MI residents have annual incomes between $35k-100k. 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›48209›7225 Senator St

This home is located at 7225 Senator St in Detroit, MI and zip code 48209 in the Springwells neighborhood. This 1,210 square foot home, which was built in 1919, sits on a 0.07 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $100,000.

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. Between September 2024 and October 2024, Detroit, MI real estate market has seen increase in the number of listings by 11.2%. 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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