4 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
BasementYes
MLS #24034695
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

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

$73

Avg. Days On Market

45

# of Sold Homes

475

9611 Otsego St vs Detroit

131 DAYS ON ROCKET

+86 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 Number: #24034695

Listing Office:

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

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: 11/17/2024, 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 - -

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-427163
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 1.65 miles

  • Public District Grades KG-5

school-card-donut-427164
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 2.00 miles

  • Public Charter Grades KG-5

school-card-donut-427165
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. Typical income of Detroit, MI residents is less than $35k annually. Typical family type is 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.

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%. In October 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $85,000.

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

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