Well-Maintained 5-Unit Multifamily
6037 Appoline St Dearborn, MI 48126
6037 Appoline St, Dearborn, MI, 48126
$465,000
For Sale
$465,000
Well-kept 5-unit property with on-site laundry and a 2021 boiler replacement with city certification.
Days on Market28
Property Features for 6037 Appoline St
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1930
Listing Agency
Century 21 Curran & Oberski
(313) 274-7200
Listed by
Ali T Charara · License #6501340600
(313) 274-7200
Source
Elliman
Added: Jun 21 Checked: Jul 17 at 7:25 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Curran & Oberski
Investment Insights
Based on property information with market context.
This well-maintained five-unit multifamily building offers a mix of occupied units, with several interior and systems updates completed through recent renovations. A full boiler replacement was completed in 2021 and includes city certification. Additional improvements include unit renovations and flooring updates, along with bathroom and kitchen upgrades. Emergency and exit lighting has also been installed for certificate of occupancy compliance, and appliances have been replaced as needed on turnover.
The property is located at 6037 Appoline St in Dearborn, MI 48126, and benefits from a walkable setting and bikeable access. Four of the five units are currently occupied, with current gross rent reported at $3,550 per month, and one larger one-bedroom unit listed as approximately 700 square feet. Two leases are noted as committed through 2026 and 2027.
For income-focused buyers, the combination of existing tenancies, documented building improvements, and in-place lease terms provides a foundation for long-term operations. With one unit currently marketed for leasing, the property also offers practical leasing flexibility to help complete the unit mix and support stabilized collection under the current rent assumptions provided.
The property is located at 6037 Appoline St in Dearborn, MI 48126, and benefits from a walkable setting and bikeable access. Four of the five units are currently occupied, with current gross rent reported at $3,550 per month, and one larger one-bedroom unit listed as approximately 700 square feet. Two leases are noted as committed through 2026 and 2027.
For income-focused buyers, the combination of existing tenancies, documented building improvements, and in-place lease terms provides a foundation for long-term operations. With one unit currently marketed for leasing, the property also offers practical leasing flexibility to help complete the unit mix and support stabilized collection under the current rent assumptions provided.
Key Highlights
- 5‑unit multifamily built in 1930 at 6037 Appoline
- Four of five units currently occupied; current gross rent is $3,550 per month
- Largest 1‑bedroom unit is approx. 700 SF and currently marketed at $925–$950 per month
Property Analytics
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FAQs
What type of property is this?
Apartment building - Well-kept 5-unit property with on-site laundry and a 2021 boiler replacement with city certification.
Where is this apartment building located?
The property is located at 6037 Appoline St Dearborn, MI.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 5‑unit multifamily built in 1930 at 6037 Appoline; Four of five units currently occupied; current gross rent is $3,550 per month; Largest 1‑bedroom unit is approx. 700 SF and currently marketed at $925–$950 per month
