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    Detroit, MI 48238

    For Sale
    $135,000

    MULTI_FAMILY - Detroit, MI

    Lot size:
    0.09 Acres
    Days on Market:
    277
    Last Refresh:
    Dec 11 at 2:06 pm

    Property Features for

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 1, Basement, Bedroom 2, Bathroom 2
    Bedrooms
    6
    Parking
    2
    Basement
    Full
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air

    Building Details

    Year built
    1924
    Number of units
    2
    Building materials
    Brick

    Golden Key Real Estate LLC (313) 638-2474

    Listing agent Ryan Heward (248) 251-4670

    Listing date Mar 10, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Multifamily Investment Opportunity

    This multifamily property in Detroit, Michigan presents a potential investment opportunity. The property is currently tenant-occupied, offering immediate income potential. The property could also be suitable for an owner-occupant. The lot size is 0.09 acres.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1415
    Latitude
    42.3963

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    FAQs

    What type of property is this?
    Duplex - Multifamily property in Detroit, suitable for investment or owner-occupancy.
    Where is this duplex located?
    The property is located at Detroit, MI.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: - Investment opportunity with income potential.; - Solid brick construction.; - Cozy up to the fireplace.
    (248) 251-4670
    Request Owner's contact information
    Detroit, MI 48238
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Detroit, MI 48238
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