101622 . 31 Home SFR Detroit, MI

101622 . 31 Home SFR , Detroit, MI 48239

  • For Sale $2,487,215
  • Property Type Multi-Family
  • Property Size 27,841 SF
  • Units 31
  • Lot Size 3.54 Acre
  • Additional Rent Contact for pricing
  • Date Updated Dec 10, 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

  • Portfolio size reduced - Homes sold and active sales pending
  • Section 8 Portfolio with over $500,000 in CapEx Invested
  • 31 scattered single-family homes in Detroit, MI comprising 29 single-family detached homes and a duplex (2 doors)
  • Four 2-bedroom and twenty-seven 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 898 square feet per home
  • Homes are close to each other as the portfolio spans just two zip codes
  • $80,233 per home is significantly below Detroit’s current median home price of $148,000
  • Year 1 Stabilized Cap Rate of 10.42%
  • Only 3 vacant homes
  • Current rent of $1,071 per month is 3% below the market rents of $1,107
  • 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

SVN | SFRhub Marketplace

Location

Getting Around

  • Walk Score ®

    21/100 Car-Dependent
  • Transit Score ®

    47/100 Some Transit
  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Redford
  • Zip Code 48239
  • Market Detroit

Points of Interest

  • Checker Cab #977

    2.55 miles

  • Warren Avenue

    2.80 miles

  • Canfield Street

    2.83 miles

  • Ferry Street

    2.84 miles

  • Martin Luther King Junior Boulevard

    2.89 miles

  • Mack Avenue

    2.90 miles

  • Amsterdam Street

    2.92 miles

  • Detroit

    2.93 miles

  • Baltimore Street

    2.98 miles

  • Sproat Street

    3.00 miles

  • UF Gas Station

    0.47 miles

  • AKA Gas & Food Station

    0.53 miles

  • Marathon

    0.56 miles

  • Citgo

    0.59 miles

  • Shell

    0.60 miles

  • BP

    0.62 miles

  • Valero

    0.99 miles

  • Wayne State University - Lot #50

    2.21 miles

  • Bedrock QLDC 1

    2.34 miles

  • Bedrock QLDC 2

    2.37 miles

  • 4330 Larkins St Parking

    1.01 miles

  • Two James Spirits Parking

    1.81 miles

  • Truck Parking

    2.00 miles

  • St. Gabriel Parish Parking Lot

    2.06 miles

  • Lot 30

    2.10 miles

  • Bagley Mobility Hub

    2.21 miles

  • Lot 50

    2.21 miles

  • 3000 Trumbull St Garage

    2.22 miles

  • Lot 40

    2.23 miles

  • WSU Lot 51

    2.35 miles

  • Town Motel

    1.49 miles

  • Rio Grand Motel

    1.58 miles

  • Pinkinn Motel

    1.67 miles

  • Hostel Detroit

    1.93 miles

  • Hotel Yorba

    1.96 miles

  • Crest Motel

    2.19 miles

  • The Godfrey Detroit

    2.46 miles

  • Viking Motel

    2.50 miles

  • El Moore

    2.52 miles

  • Trumbell and Porter

    2.57 miles

  • La Noria Bistrot

    0.48 miles

  • El Barzon

    0.50 miles

  • Happy's Pizza

    0.56 miles

  • Ame Tacos

    0.60 miles

  • Las Cazuelas

    0.60 miles

  • Vicki’s BBQ

    0.63 miles

  • La Fogata Mexican Grill

    0.63 miles

  • Rincon Tropical

    0.73 miles

  • Dairy Queen

    0.82 miles

  • The Telway

    0.89 miles

  • New Paradigm College Prep

    0.25 miles

  • Hope of Detroit Academy

    0.26 miles

  • Hope of Detroit Academy Elementary

    0.31 miles

  • Voyageur College Prep High School

    0.47 miles

  • Voyageur Academy

    0.48 miles

  • West Side Academy of Information Technology and Cyber Security

    0.57 miles

  • Academy of the Americas Elementary-Middle School

    0.75 miles

  • Academy of the Americas

    0.82 miles

  • Cesar Chavez Academy Martin Campus

    0.87 miles

  • Munger Elementary-Middle School

    1.03 miles

  • Vista's Nuevas Headstart Gasper Fiore Center

    1.30 miles

  • Angel Land Child & Parent Center

    2.23 miles

  • Pencil Palace Daycare & Nursery School

    2.65 miles

  • Henry Ford Kids Child Care Center

    2.75 miles

  • Advanced Technology Academy Pre-K & Business Office

    2.93 miles

  • Midtown KinderCare

    3.13 miles

  • Kingdom Care Learning Center

    3.15 miles

  • Once Upon a Time Child World

    3.48 miles

  • Matrix Headstart

    3.60 miles

  • Sunnybrook Day Nursery

    4.32 miles

Frequently Asked Questions

How much does 101622 . 31 Home SFR Detroit, MI cost?

The space currently listed for sale at 101622 . 31 Home SFR Detroit, MI asks for $2,487,215.

What is the total square footage of 101622 . 31 Home SFR Detroit, MI?

101622 . 31 Home SFR Detroit, MI totals 27,841 square feet.

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