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    21704 Thatcher St E Detroit, MI 48219

    For Sale
    $135,000

    Four-unit property with completed repairs, ready for income generation.

    Lot size:
    0.19 Acres

    Property Features for 21704 Thatcher St E

    General Information

    Lot size
    0.19 Acres

    Building Details

    Year built
    1925

    Source: RE/MAX, The Collective Agency Agent Brandon Janssen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Four-Unit Multifamily Investment Opportunity

    This four-unit multi-unit property presents an investment opportunity with potential and convenience. The property has undergone major repairs by the current owner. Each unit features a spacious layout with separate entrances. The property's design is suited for long-term rentals or short-term income opportunities, allowing investors to complete the final updates and generate cash flow.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.201775
    Latitude
    42.421356

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property with completed repairs, ready for income generation.
    Where is this quadplex located?
    The property is located at 21704 Thatcher St E 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: - Income-producing investment property.; - Most major repairs already completed.; - Potential for long-term or short-term rentals.
    (248) 780-0942
    Request Owner's contact information
    21704 Thatcher St E Detroit, MI 48219
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    Detroit, MI 48219
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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
    21704 Thatcher St E Detroit, MI 48219
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