4 months on rocket

9120 Lanco St, Detroit, MI, 48204

$140,000

Home List Price

$1,663*

Closing Credit

2 Full Baths
2,083 SqFt
$67/SqFt
Multi

Location

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9120 Lanco St, Detroit$140,000

Buyer Closing Credits

$1,663*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1931
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240045172
Lot Size0.10 Acres
StatusActive

About 9120 Lanco St

This multi-family unit is a prime investment opportunity, featuring a very good cap rate. Each unit includes 2 bedrooms and 1 bathroom, offering comfortable living spaces perfect for tenants. With convenient access to amenities and public transportation, this well-maintained property is ready for immediate occupancy and rental income generation. Don't miss out on this exceptional opportunity to expand your investment portfolio.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1931
  • Stories: 2
  • Living Area: 2,083 SqFt

Listing Office:

  • Office Name: Keller Williams Legacy
  • Office Phone: (313) 752-0000
  • Listing Agent: Robert Neely

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: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: North of Joy Rd, East of Birwood Ave, South of W Point Ave, West of Wyoming Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $140,000
  • Price Per SqFt: $67/SqFt

Tax Information:

  • Annual Amount: $1,142
  • 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

9120 Lanco St vs Detroit

148 DAYS ON ROCKET

+103 Days

$140,000

+$55K More

$67/SqFt

-$7 Less

KEY TAKEAWAY

This property is $55K more than the Median Sold Price and $7/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: #20240045172

Listing Office:

  • Office Name: Keller Williams Legacy
  • Office Phone: (313) 752-0000
  • Listing Agent: Robert Neely

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, 2:20:54 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$1,142$26,500
2020$1,089$23,100
2018$1,089$16,200
2017$1,086$17,900

History based on county public records data.

Payment Calculator

$766

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$486

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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-322921
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 0.31 miles

  • Public District Grades KG-5

school-card-donut-322922
5
/10

  • McDonald Elementary School

  • 10151 Diversey St

  • 0.95 miles

  • Public District Grades PK-5

school-card-donut-322923
2
/10

  • Riverside Academy

  • 7124 Miller Rd

  • 1.29 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 $27,059. The most common annual income of people living in Detroit, MI is less than $35k. Typical family type 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›48204›9120 Lanco St

This home is located at 9120 Lanco St in Detroit, MI and zip code 48204 in the Mackenzie neighborhood. This 2,083 square foot home, which was built in 1931, sits on a 0.10 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $140,000.

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