E C VAN HUSANS (PLATS) Sub Div: Description: Check out this apartment building for sale. A perfect investment opportunity. If you just starting out or expanding your portfolio this is for you. Please call listing agent for more info.
NARDIN PARK SUB (PLATS) Sub Div: Description: HUGE 22 UNIT MULTIFAMILY APARTMENT BUILDING!!!! GREAT INVESTMENT OPPORTUNITY LOCATED BLOCKS AWAY FROM LIVERNOIS BUSINESS CORRIDOR.3 STORY BUILDING 6 UNITS ON EACH FLOOR WITH 4 ADDITIONL UNITS IN THE B ...more
Description: All room sizes are estimates For investment information please call office,
THE MILLS SUB (PLATS) Sub Div: Description: Offering Massive "Island View Historical Duplex - 6468 Square Feet- 3/Story Full Basement **INCOME GENERATING PROPERTY and PRIVATE RESIDENCY. TOTAL NEW ROOF W/WARRANTY 11-2018. SEPARATE PRIVATE ENTRA ...more
REDFORD HOME ACRES (PLATS ) Sub Div: Description: Remarkably clean and well maintained 16 unit apartment building in an up and coming area of NW Detroit. Truly turn key opportunity with 15/16 units currently occupied, many by long term tenants. All ...more
MERRILL PALMER (ALSO PG 55 ) Sub Div: Description: Come one come all! Here is the perfect opportunity to own property in an up and coming part of the city. Presenting the Merton Place Apartments. 28 one bedroom units and 8 two bedroom units availabl ...more
ROBERT OAKMANS HAMILTON BLVD SUB (PLATS) Sub Div: Description: 13 UNIT APARTMENT BUILDING IN MID-TOWN AREA/NEW BOSTON AREA . INVESTMENT OPPORTUNITY . MULTIPLE VACANT ADJOINING LOTS FOR POSSIBLE EXPANSION OR SMALL DEVELOPMENT PROJECT (**Lots not included or ava ...more
MERRILL PALMER (ALSO PG 55 ) Sub Div:
WASHINGTON GARDENS NO 2 Sub Div: Description: Excellent opportunity to revive this 9 unit multi-family property. Former unit mix of (7) 1 bedroom and (2) efficiency/studios. Unit addresses are: 15401-15419 Burt, 20900, 20910, 20920 Keeler. Great ...more
WALLACE J J FORD HIGHWAY SUB OF PT OF SEC 9 & 10 Sub Div: Description: HOT DEAL! Motivated Seller! This is a Cash Flowing building that's 100 % occupied with Section 8 tenants. Don't miss your opportunity to own this great piece of property in the City of Detroit. This i ...more
WATERWORKS (PLATS) Sub Div: Description: Investor opportunity!! This is a 8-one bedroom unit, 3 story brick property less than a mile from the Detroit riverfront in-between Jefferson and Kercheval is nestled in-between the Indian Village and ...more
DISTELS SUB (PLATS) Sub Div: Description: Fantastic portfolio of 5 brick apartment buildings - 49 units total 43 units are Section 8 - 6 units are cash tenants All buildings have newer roofs, mechanicals, windows and plumbing. See the indi ...more
OAKMAN & STOLL Sub Div: Description: Fantastic 10 unit apartment building with 7 1 bed units and 3 2 bed units. Located in the shadows of Boston Edison District. Close to Central High School. The building has New roof, windows, gutters. ...more
FRONTENAC Sub Div: Description: Redevelopment Opportunity of a former 17,660 SF nursing home. Subject property is currently a vacant shell of a building and is ideal for an apartment, condominium or nursing home redevelopment. This ...more
OAKMANS ROBT INDIANDALE ( PLATS) Sub Div: Description: Redevelopment Opportunity. Former 30 Unit Apartment Complex: 18 (2) Bedroom Units And 12 (1) Bedroom Units. Structure is in need of complete renovation. All offers must be supported by Proof of Funds ...more
CROSMAN & MC KAYS SUB (PLATS) Sub Div: Description: Redevelopment Opportunity. Vacant 13 Unit apartment building; formerly (8) efficiency units and (5) 1 bedroom units. Also included in this sale is the adjacent 52 x 110 ft parcel (2939 Northwestern St ...more
Actives Activity Chart
|1 Bed Homes For Sale in Detroit (9)||$ 91,300|
|2 Bed Homes For Sale in Detroit (227)||$ 40,878|
|3 Bed Homes For Sale in Detroit (1082)||$ 49,096|
|4 Bed Homes For Sale in Detroit (235)||$ 90,069|
|5+ Bed Homes For Sale in Detroit (102)||$ 223,748|
|1 Bed Condos For Sale in Detroit (60)||$ 203,667|
|2 Bed Condos For Sale in Detroit (71)||$ 379,113|
|3 Bed Condos For Sale in Detroit (24)||$ 521,665|
|4 Bed Condos For Sale in Detroit (2)||$ 209,450|
|5+ Bed Condos For Sale in Detroit (1)||$ 315,000|
Sold Activity Chart
|1 Bed Homes Sold in Detroit (43)||$ 48,548|
|2 Bed Homes Sold in Detroit (1980)||$ 20,027|
|3 Bed Homes Sold in Detroit (12061)||$ 31,064|
|4 Bed Homes Sold in Detroit (2283)||$ 72,163|
|5+ Bed Homes Sold in Detroit (843)||$ 654,268|
|1 Bed Condos Sold in Detroit (615)||$ 169,761|
|2 Bed Condos Sold in Detroit (737)||$ 241,053|
|3 Bed Condos Sold in Detroit (220)||$ 263,435|
|4 Bed Condos Sold in Detroit (44)||$ 211,148|
|5+ Bed Condos Sold in Detroit (4)||$ 475,000|
|1 Bed Multifamily Sold in Detroit (99)||$ 43,690|
|2 Bed Multifamily Sold in Detroit (65)||$ 91,922|
|3 Bed Multifamily Sold in Detroit (14)||$ 169,554|
|4 Bed Multifamily Sold in Detroit (18)||$ 172,528|
|5+ Bed Multifamily Sold in Detroit (43)||$ 562,417|
Background on Detroit
Detroit is the largest and most heavily populated city in the state of Michigan as well as the largest city found on the United States – Canada border. Detroit is at the seat of Wayne County. The population here is estimated to be around 675,000 which make it the 23rd most populated city in the entire United States. If you look at the metropolitan area which is better known as Metro Detroit you will see that the population there is upwards of 4.3 million people. Detroit is most well known for its art, design and architecture. Detroit was founded in July of 1701 and incorporated in September of 1806. This area of Michigan is roughly 143 square miles and of that 143 square miles approximately 4 miles of that is water. The climate here in Detroit is a humid continental climate which is greatly influenced by the Great Lakes and the city. The winters here tend to be very cold but with only moderate snowfall. The summer months are usually very warm with temperatures exceeding 90 degrees several times throughout the warmer months. The hottest times here in Detroit runs from May through September. Precipitation in this area tends to occur during the months of May though June. There is approximately 33.5 inches of rainfall per year here. Thunderstorms are very frequent in Detroit and usually happen during the spring and summer.
Real Estate in Detroit
There are so many different kinds of housing styles here in Detroit. You will find everything from Tudors and Cape Cod style homes to Ranches and Condos here in Detroit. The market here has so much to offer, especially if you are looking for an eclectic mixture of housing styles. The prices here can range from less than $10,000 for a single family home that need TLC to those in excess of $1,000,000. It all depends on which neighborhood you are looking in. Most homes in Detroit are single family but there are several condo communities here as well if you are looking for a home that comes with amenities.
Employment in Detroit
There are several major corporations that are based here in Detroit as well as three Fortune 500 companies. Manufacturing, finance, health care and technology make up a majority of the jobs here. Automotive manufacturing is another big employer in this area. There are also some large companies here that are globally recognized. Little Caesars, Blue Cross Blue Shield of Michigan, Quicken Loans, General Energy and American Axle are just a few of those major employers.
Music and Entertainment in Detroit
Since the 1940’s live music has been a prominent feature of the nightlife here in Detroit. The nickname “Motown” was given to the city due to its influence on the music industry. If you are looking to go to a concert in Detroit there are a few places for you to go. You can head to the DTE Energy Music Theatre or The Palace of Auburn Hills as well as several other small clubs and jazz houses. The Theatre Venue Circuit is the performing arts portion of Detroit. Here you will find things like live music, theater, the orchestra as well as more than a dozen performing arts centers. The Theatre Venue Circuit is the second largest in the United States and also hosts several Broadway productions throughout the year.
Places to Visit in Detroit
- Downtown Detroit is a great place to visit if you want to take a walk, bike or try one of the areas up and coming restaurants. This area is very cosmopolitan and has tons to do if you are looking for a little adventure.
- Dearborn/Wayne is a historic and diverse section of Detroit. Here you find a mixture of Italian, Polish, Mexican and Arab-American neighborhoods. There is Middle Eastern Dining here as well as the only drive-in in the area.
- Greater Novi is a trendy area that is located around 45 minutes Northwest of Downtown Detroit. This place is known for its shopping as well as its fine dining and nightlife. This place is definitely a must see if you live in the Detroit area.
Detroit has reasonably priced real estate plus rich history within the music industry. There is so much to do here on any given day. If you are thinking of moving to Detroit don’t hesitate, this place has it all!
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Your home will be found on the local MLS, plus all the major search engines and popular real estate portal sites, including: Trulia, Zillow, Realtor.com, MSN, AOL, Bing, Yahoo, and of course Google. Additionally when your home gets added to the MLS, your FSBO listing will listed alongside of the homes listed by ReMax, C-21, Coldwell Banker, ERA, Redfin, Movoto, Keller Williams and all the other nationwide brokerage sites. These sites often display “all” of the MLS postings, not just their own, which means your home will be on these sites also.
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Currently Detroit has 2,244 properties on the market for sale. The inventory was last updated 02/19/2019. Of these properties, 1,656 single family homes are for sale by their owners in Detroit, and 159 condos are for sale by their owners in Detroit. The average price of the single family homes for sale in Detroit, is $99,018, the average condo price in Detroit, is $212,398. The average price per square foot of the active inventory is $88. This is based the living area square footage.
Over the last year, there have been 20,972 of properties sold in Detroit. Of these properties, 17,211 single family homes have sold by their owners in Detroit, and 1,631 condos have sold by their owners in Detroit. The average sales price of the single family homes sold in Detroit, is $165,214. Single family homes have been selling for 33 per square foot of living area. The average sales price of the condos for sale in Detroit, is $218,647. Condos have been selling for 124 per square foot of living area.
The most active subdivisions with listings for sale in Detroit, are: Grandmont No 1 (plats) (12 For Sale), Voigt Park Sub (plats) (11 For Sale), Frischkorns Estates (plats) (11 For Sale), East Detroit Development Cos No 1 (plats) (11 For Sale), Henry Russells Three Mile Drive Sub No 1 (plats) (11 For Sale), Palmer Woods (plats) (10 For Sale), Seymour & Troesters Loyola Pk (8 For Sale), Joy Farm Sub (plats) (8 For Sale), Holtzman Joseph (also Pg 76) (8 For Sale), J W Fales (plats) (8 For Sale)
If you are thinking of selling your Detroit home, try our flat fee listing service, Our list fees start at $449, and may save you $15,000 in real estate commissions. Click here to start saving.
Disclaimer: Listing broker has attempted to offer accurate data, but buyers/lessees are advised to confirm all information IDX information is provided exclusively for consumers' personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect Participants and/or the MLS from liability.
This data up-to-date as of 02/19/2019