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9129 Forrer St, Detroit, MI, 48228

$115,000

Home List Price

$1,366*

Closing Credit

2 Bedrooms
1 Full Bath
722 SqFt
$159/SqFt
House

Location

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9129 Forrer St, Detroit$115,000

Buyer Closing Credits

$1,366*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1949
HeatingForced Air
BasementYes
MLS #24060159
Lot Size0.08 Acres
StatusActive

About 9129 Forrer St

Calling all investors! Fully TURNKEY opportunity and a great addition to your investment portfolio! Fully certified by the City of Detroit, rented, meeting all Section 8 standards, and a ROI of 12.12%. Property features a 2 bedroom 1 bathroom, Section 8 tenant on a yearly lease with a rent of $1,200/month. Seller has other similar properties for sale. Seller and agent are related.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1949
  • Stories: 1
  • Living Area: 722 SqFt

Listing Office:

  • Office Name: 3DX Real Estate, LLC.
  • Office Phone: (888) 304-1447
  • Listing Agent: Roxana Yeh

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: N of Ellis St, W of Greenfield Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $115,000
  • Price Per SqFt: $159/SqFt

Tax Information:

  • Annual Amount: $769
  • 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

9129 Forrer St vs Detroit

1 DAY ON ROCKET

-44 Days

$115,000

+$30K More

$159/SqFt

+$85 More

KEY TAKEAWAY

This property is $30K more than the Median Sold Price and $85/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24060159

Listing Office:

  • Office Name: 3DX Real Estate, LLC.
  • Office Phone: (888) 304-1447
  • Listing Agent: Roxana Yeh

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/20/2024, 11:50:53 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$769$3,910
2020$504$4,700
2018$504$3,400
2017$503$3,000

History based on county public records data.

Payment Calculator

$641

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$411

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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.

Nearby Schools

school-card-donut-163892
5
/10

  • Oakman Elementary School

  • 7545 Chase Rd

  • 1.24 miles

  • Public District Grades PK-5

school-card-donut-163893
3
/10

  • McCollough Elementary School

  • 7801 Maple St

  • 1.31 miles

  • Public District Grades PK-5

school-card-donut-163894
5
/10

  • Maples Elementary School

  • 6801 Mead St

  • 1.50 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,167. Most Detroit, MI residents have annual incomes less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 9129 Forrer St

What is the listing price of this property?

The listing price of 9129 Forrer St property is $115,000.

What type of property is this?

The property 9129 Forrer St is a house located in Detroit, Michigan, 48228.

Is this property for sale now?

Active Listing: 9129 Forrer St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $769 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 9129 Forrer St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 9129 Forrer St is 722 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 9129 Forrer St is 1949.

Rocket Homes›Michigan›Wayne County›Detroit›48228›9129 Forrer St

This home is located at 9129 Forrer St in Detroit, MI and zip code 48228 in the Grandale / Brooks neighborhood. This 722 square foot home, which was built in 1949, sits on a 0.08 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $115,000.

Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 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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