Presented by: By Manuel Lomeli with Munoz Realty Inc

$370,000
Estimation is calculated based on tax assessment records, recent sale prices of comparable properties, and other factors.
Estimated Rental Price is based on similar rentals in this area.
  • 8 beds
  • 4 baths
  • 4,202 sq ft
  • 6,098 sqft lot

423 W Grand Blvd, Detroit, MI 48216


  
less than a minute ago

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Property Details for 423 W Grand Blvd

GEM OPPURTUNITY IN SOUTHWEST DETROIT! This HISTORIC QUADPLEX is the perfect investment opportunity for investors to make both, passive income and appreciation! Located on the desired Hubbard Farms neighborhood, this BRICK quadplex is ready to make you money the day that you buy it! The property is minutes away from Downtown, Corktown, and the new 4.4 billion dollar Gordie Howe International Bridge. Walking distance from public transportation, schools grocery stores, and many restaurants on Vernor Hwy. Each unit has 2 sizeable bedrooms, 1 bathroom, a spacious living room, and a kitchen. Basement is partially finished, has an extra room with a full bath. Property has newer windows, furnaces, and hot water tanks! All four units are tenant occupied. Average rent in the area is about $1, 000 for a 2 bedroom apartment. Showings/Inspections will be done only after an accepted offer. All measurements are estimates.

Schools

  • School District: Detroit

Property Features

Bedrooms

  • Bedrooms: 8

Bathrooms

  • Total Bathrooms: 4 / 0
  • Full Bathrooms: 4

Exterior and Lot Features

  • Road Frontage Type: Paved

Heating and Cooling

  • Heating Features: Forced Air
  • Heating Fuel: Natural Gas

Other Rooms

  • Basement Description: Partially Finished

Land Info

  • Lot Size Acres: 0.14
  • Lot Size Dimensions: 45.00X135.00
  • Lot Size Square Feet: 6098

Rental Info

  • Gross Scheduled Income: 24600.00

Multi-Unit Info

  • Number of Units: 4
  • Number of 2 Bedroom Units: 4

School Information

  • School District: Detroit

Other Property Info

  • ActivationDate : 2021-10-30
  • Annual Tax Amount: 763
  • Source Listing Status: Active
  • County: Wayne
  • Availability Date: 2021-10-30
  • Directions: North of Fort St and east of Vernor Hwy
  • Source Property Type: Multifamily
  • Area: Det South Of Grand River
  • Source Neighborhood: PLAT OF B HUBBARDS SUB (PLATS)
  • Ownership Type: Private Owned, Short Sale - No
  • Parcel Number: W14I008324S
  • Postal Code Plus 4: 2210
  • Subdivision: PLAT OF B HUBBARDS SUB (PLATS)
  • Zoning: Multi-Family
  • Source System Name: C2C
  • Coming Soon Date: 2021-10-30

Commercial Info

  • Net Operating Income: 24600.00

Building and Construction

  • Total Square Feet Living: 4202
  • Year Built: 1910
  • Construction Materials: Brick
  • Foundation Details: Basement
  • Property Age: 111
  • House Style: Historic
  • Total Below Grade Area: 1200

Utilities

  • Sewer: Sewer-Sanitary
  • Water Source: Municipal Water

Local Home Services

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Monthly Payment

Month
  • Principal & Interest $1,271
  • Home Insurance
  • HOA Fees
  • Mortgage Insurance$0
If you are an active military service member, have served in the past, or are the spouse of someone who has served, you may benefit from special loan programs for veterans. Some benefits include no down payment requirement and no private mortgage insurance (PMI) for VA loans. Learn more.

Nearby Schools

Neighborhood

423 W Grand Blvd is located in Southwest Detroit neighborhood in the city of Detroit, MI.

Checkout other home values in Grand Blvd.

$125,000

Median Listing Price

$79

Price Per Sq Ft
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Property History for 423 W Grand Blvd

Property Price

Date Event Price
11/16/2021 Price Changed $370,000
10/28/2021 Listed $400,000
10/27/2021 Listed $400,000

Property Tax

No property tax history available for this property.

About History & Taxes Data

The price and tax history data displayed is obtained from public records and/or MLS feeds from the local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.

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Nearby Home Values

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    Homes near 48216
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More about this property

  • Presented by:
  • Manuel Lomeli
Broker Location: DETROIT, MI
Data Source: Realcomp
Source's Property ID: 2210090547
Data Source Copyright: ©2021 Realcomp II Ltd. All rights reserved.

Homes Around $370,000

Homes near 423 W Grand Blvd have a median list price of $379,500 and a median price per square foot of $180.

Approximate monthly payment is an estimate calculated with 20% down and 30 year fixed

Subject to qualifying for and obtaining a mortgage. Actual monthly payments vary based on down payment amount, mortgage type, credit availability, interest rate changes, and other factors. Does not include property taxes or insurance. Contact your REALTOR® directly for information.