101622 . 36 Home SFR Detroit, MI

101622 . 36 Home SFR , Detroit, MI 48239

  • For Sale $2,876,400
  • Property Type Multi-Family
  • Property Size 32,074 SF
  • Units 36
  • Lot Size 4.11 Acre
  • Additional Rent Contact for pricing
  • Date Updated Jul 3, 2024
Detroit, located in southeastern Michigan, is the largest city in the state and has a rich history as a major center of American industry and innovation. The city is known for its contributions to the automotive industry and has a legacy of manufacturing and industry that continues to drive the local economy. The city’s economy has undergone significant changes in recent years, with the decline of the auto industry leading to high levels of unemployment and poverty. However, there have been efforts to revitalize the city, including the development of new industries such as technology, healthcare, and finance. There has also been a focus on attracting new businesses and entrepreneurs to the city, with the creation of innovation hubs and coworking spaces. In terms of city development, Detroit has seen a significant resurgence in recent years, with new construction and renovation projects revitalizing neighborhoods and boosting the local economy. Major development initiatives include the construction of new residential, commercial, and retail spaces, as well as the redevelopment of historic buildings and sites. Education is a top priority in Detroit, with a range of public, private, and charter schools available to students. There are also several colleges and universities in the city, including Wayne State University, Marygrove College, and the College for Creative Studies. These institutions offer a range of programs and services designed to support students and provide them with the skills and knowledge they need to succeed in the workforce. In terms of tourism, Detroit is a popular destination for both domestic and international travelers, offering a range of attractions, cultural events, and outdoor activities. Visitors can explore the city’s rich history at museums such as the Detroit Institute of Arts, or enjoy a game or concert at one of the city’s many sporting and entertainment venues. The city is also home to several parks and green spaces, including Belle Isle Park and the Detroit RiverWalk, offering opportunities for recreation and relaxation. In conclusion, Detroit is a city that is undergoing a resurgence, with a focus on revitalization and development to drive economic growth and improve the quality of life for residents. With a rich history and a vibrant arts and culture scene, the city is poised to continue to attract new residents and visitors in the coming years.

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Highlights

  • Section 8 Portfolio with over $500,000 in CapEx Invested
  • 36 scattered single-family homes in Detroit, MI comprising 34 single-family detached homes and a duplex (2 doors)
  • Five 2-bedroom and thirty-one 3-bedroom homes
  • Home ages range from 1929 to 1970, with a 1949 average year of construction
  • Sizes vary from 692 to 1,098 square feet, averaging 891 square feet per home
  • Homes are close to each other as the portfolio spans just two zip codes
  • $79,900 per home is significantly below Detroit’s current median home price of $148,000
  • Year 1 Stabilized Cap Rate of 10.49%
  • Nine vacant homes for an investor to achieve market rents
  • The current rent of $1,023 per month is 8% below the market rent of $1,109
  • The seller has additional homes available for sale in Metro Detroit
  • Seller deploys D.A.W.G. system to deter vandalism and theft during tenant turns
  • All SVN® Offices Are Independently Owned & Operated
  • Local Broker License Information: www.SFRhub.com/realestatelicensing

Contacts

broker

Tom Johnston

SVN | SFRhub Marketplace

Location

Getting Around

  • Walk Score ®

    20/100 Car-Dependent
  • Bike Score ®

    31/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Redford
  • Zip Code 48239
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    5.78 miles

  • Smith's Creek Depot Station

    5.82 miles

  • Firestone Station

    5.91 miles

  • Walnut Grove Station

    6.00 miles

  • Sunoco

    0.59 miles

  • BP

    0.62 miles

  • BP

    0.65 miles

  • Marathon

    0.73 miles

  • Exxon

    0.80 miles

  • Marathon

    1.12 miles

  • Mobil

    1.18 miles

  • Sunoco

    1.20 miles

  • Marathon

    1.41 miles

  • BP

    1.43 miles

  • Vistor Parking Lot B

    4.38 miles

  • Vistor Parking Lot A

    4.39 miles

  • Parking Lot C

    4.43 miles

  • Parking Lot D

    4.45 miles

  • Parking Lot G

    4.51 miles

  • Parking Lot E

    4.51 miles

  • OHM Advisors Parking Lot

    4.67 miles

  • Monteith Parking Structure

    4.83 miles

  • Paid Parking

    4.88 miles

  • Oak Grove Trailhead Parking Lot

    4.99 miles

  • Hilltop Motel

    1.00 miles

  • Inn America

    1.01 miles

  • Royal Budget Inn

    1.44 miles

  • Park Drive Motel

    1.46 miles

  • Comfort Inn

    2.24 miles

  • Quality Inn & Suites

    2.92 miles

  • Riviera Motel Detroit

    3.11 miles

  • Home

    3.37 miles

  • Hawthorn Suites By Wyndham Dearborn

    4.80 miles

  • Holiday Inn Express & Suites

    4.83 miles

  • McDonald's

    0.67 miles

  • Fish and Chicken

    0.74 miles

  • Popeyes

    0.93 miles

  • Taco Bell

    0.95 miles

  • McDonald's

    0.96 miles

  • Uncle Bones BBQ

    1.23 miles

  • Happy's Pizza

    1.23 miles

  • Cottage Inn Pizza

    1.23 miles

  • Dunkin'

    1.27 miles

  • Subway

    1.30 miles

  • St. John XXIII Catholic Parish

    0.42 miles

  • Will Rogers Elementary School (closed)

    0.42 miles

  • Thurston High School

    0.68 miles

  • Jane Adams Elementary School

    0.82 miles

  • Fisher Elementary School

    0.84 miles

  • Washington-Parks Academy

    0.89 miles

  • Far West Early Learning Center

    0.98 miles

  • Detroit Leadership Academy Elementary School

    0.98 miles

  • Pierce Middle School

    1.00 miles

  • Saint Hilary's School (closed)

    1.07 miles

  • Helping Hands child care

    1.31 miles

  • Tott's Early Learning Center

    2.81 miles

  • New West Side Head Start

    2.86 miles

  • Old Redford Pre-Kindergarten Academy

    2.93 miles

  • God's Little Schoolhouse

    3.93 miles

  • Allen Baptist Childcare & Development Center

    3.93 miles

  • Learning Tree

    4.22 miles

  • Livonia Little Tots

    4.53 miles

  • Academy of Detroit-West

    4.75 miles

  • Hampton Church Child Care Center

    5.05 miles

Frequently Asked Questions

How much does 101622 . 36 Home SFR Detroit, MI cost?

The space currently listed for sale at 101622 . 36 Home SFR Detroit, MI asks for $2,876,400.

What is the total square footage of 101622 . 36 Home SFR Detroit, MI?

101622 . 36 Home SFR Detroit, MI totals 32,074 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Tom Johnston

SVN | SFRhub Marketplace