5 months on rocket

9611 Otsego St, Detroit, MI, 48204

$60,000

Home List Price

$713*

Closing Credit

0 Baths
Multi

Location

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9611 Otsego St, Detroit$60,000

Buyer Closing Credits

$713*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year BuiltNew Const., 1923
HeatingForced Air, Natural Gas
BasementYes
MLS #81024034695
Lot Size0.13 Acres
StatusActive

About 9611 Otsego St

Seize this incredible investment opportunity with a multifamily property located in a highly desirable suburb of Detroit. This great income-producing property is priced to sell and offers substantial returns on investment.Key Features:Location: Situated in a good suburb of Detroit, providing a prime location for tenants seeking suburban living with easy access to the city's amenities.Income-Producing: This multifamily property is designed to generate consistent rental income, making it an ideal addition to your investment portfolio.Affordable Pricing: Priced at a low cost, this property offers significant value and potential for appreciation.Land Bank Terms: Subject to land bank terms, providing a unique investment opportunity with potential incentives and benefits.

Property Details

Property Features

Property Information:

  • Year Built: 1923

Listing Office:

  • Office Name: iTech Realty
  • Office Phone: (586) 262-6757
  • Listing Agent: Kingsley Ifezue

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Take I-96 E to Scotten St. Continue on Scotten St to Dexter Ave. Turn left onto Dexter Ave and continue. Turn left onto W Boston Blvd then turn left onto Otsego St. Your destination will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $60,000
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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

$67

Avg. Days On Market

49

# of Sold Homes

396

9611 Otsego St vs Detroit

162 DAYS ON ROCKET

+113 Days

$60,000

-$25K Less

KEY TAKEAWAY

This property is $25K less than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Metropolitan Association of REALTORS
  • MLS Number: #81024034695

Listing Office:

  • Office Name: iTech Realty
  • Office Phone: (586) 262-6757
  • Listing Agent: Kingsley Ifezue

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: 12/18/2024, 5:21:01 AM 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 - -

History based on county public records data.

Payment Calculator

$367

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$246

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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-4414145
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 1.65 miles

  • Public District Grades KG-5

school-card-donut-4414146
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 2.00 miles

  • Public Charter Grades KG-5

school-card-donut-4414147
5
/10

  • McDonald Elementary School

  • 10151 Diversey St

  • 2.34 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 $22,768. The most common annual income of people living in Detroit, MI is less than $35k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48204›9611 Otsego St

This home is located at 9611 Otsego St in Detroit, MI and zip code 48204 in the Winterhalter neighborhood. This home, which was built in 1923, sits on a 0.13 acre lot. It has been listed on Rocket Homes since July 09, 2024 and is currently priced at $60,000.

In November 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 247 sold below and more than 55 were sold right at the asked price. Between October 2024 and November 2024, Detroit, MI real estate market has seen increase in the number of listings by 2%. The median list price of listings available in November 2024 was $85,016, while the average time on the real estate market was 49 days.

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

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