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    4373 Balfour Rd Detroit, MI 48224

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    For Sale
    $230,000

    Renovated duplex with income potential and flexible living spaces.

    Lot size:
    0.13 Acres

    Property Features for 4373 Balfour Rd

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1927

    Source: @properties Christie's Int'l R.E. Birmingham Agent Jarvis C King

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

    Overview

    Turnkey Multifamily Home in Detroit

    The property at 4373 Balfour is a multifamily home ready for a new owner. This turnkey property has been renovated down to the studs and designed for urban living. Both units feature an open floor plan and in-unit laundry. The ground unit includes access to additional flex space in the basement, while the upper unit has a built-out attic suitable for an additional bedroom or living space. The upper unit features 3 bedrooms, and the lower unit has 2 bedrooms. The property includes a newer roof, a brand new furnace, hot water tank, and windows. The projected annual income is $30,000+ with both units performing. Seller is willing to entertain seller financing. The property is also listed for lease.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -82.944375
    Latitude
    42.395783

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    FAQs

    What type of property is this?
    Duplex - Renovated duplex with income potential and flexible living spaces.
    Where is this duplex located?
    The property is located at 4373 Balfour Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: - Turnkey multi-family home, ready for immediate occupancy or rental.; - Potential for $30,000+ annual income from both units.; - Seller willing to entertain seller financing.
    (248) 277-1409
    Request Owner's contact information
    4373 Balfour Rd Detroit, MI 48224
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    Detroit, MI 48224
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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
    4373 Balfour Rd Detroit, MI 48224
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