Joy Farm Sub (Plats) Sub Div: Description: MULTIFAMILY HOME, WITH 2-3 BEDROOM UNITS, EACH WITH 1 FULL BAHT, KITCHEN, LIVING ROOM, BASEMENT.
LYNDALE Sub Div: Description: Terrific opportunity for an all Brick 6&6 that has been maintained and not stripped. Newer architectural shingles, ridge vents and gutters have been completed. a true bonus for any purchaser. sever ...more
EASTERN HEIGHTS LAND COMPANYS SUB NO 1 (PLATS) Sub Div: Description: ***BEAUTIFUL INVESTOR SPECIAL IN EAST ENGLISH VILLAGE*** So much character in this turn key income producing house. Features hardwood flooring throughout, coved ceilings, leaded glass windows, some ne ...more
ROBERT OAKMANS MONTEREY HEIGHTS SUB (PLATS) Sub Div: Description: HUGE MULTI-FAMILY HOME!!! 3 BEDROOMS, 1 BATH, LIVING AND DINING ROOM IN EACH SIDE, THERE IS LOTS OF SPACE GREAT FIXER UPPER LOTS OF POTENTIAL, NEAR MAJOR HIGHWAYS, AND GREAT SCHOOLS NEARBY!! DO NOT L ...more
COE DENHAM & SHIPHERDS SUB Sub Div: Description: Beautiful Two family in the heart of Historic West Village. The home has an updated kitchen , bathroom, gorgeous hardwood floors throughout. Both units has two bedrooms and one bath.
MERRILL PALMER (ALSO PG 55 ) Sub Div: Description: FINANCING IN PLACE-JUST BRING A BUYER ready to put 20-30% down CAP 7.6% 255-265 Merton Highland Park MI 48203 15 unit in Palmer Park 18,066 sq ft All units are 2BR/2BA and +1,000sqft One gas, on ...more
SCHOOLCRAFT ALLOTMENT (PLATS) Sub Div: Description: Welcome to 14330 Freeland!! Fantastic investment oppoortunity! Great yearly yield. Owner updated the water heaters, updated electrical, paint and much more. Located near freeways and near public trans ...more
COONLEYS SUB (PLATS) Sub Div: Description: LARGE SOLID 2 UNIT MULTI-FAMILY ON POPULAR DEXTER AVENUE. EACH UNIT HAS 3 BEDROOMS, LIVING ROOM WITH FIREPLACE, DINING ROOM AND KITCHEN. TENANT OCCUPIED IN BOTH UNITS. SEPARATE BASEMENTS. 2 CAR GAR ...more
Edward J Minocks Sub Div: Description: Calling ALL Investors !! AS-IS SALE. Now available we have this 2 family home located in the South Rosedale Park community. Property features separate heating and electrical, common basement and a 3 ...more
Description: WELL BUILT BRICK MULTI-FAMILY UNIT. EACH UNIT IS 3 BEDROOMS, 2 FULL BATHS, WITH UNFINISHED BASEMENT, 2 CAR DETACHED
Martin Park (Plats) Sub Div: Description: Investment Opportunity!Martin Park brick multi-family both units tenanted. Updates to flooring, kitchens and baths. Located close to the universities, Detroit Golf Club, schools, shopping and transpor ...more
WILDERMERE PARK (PLATS) Sub Div: Description: This historical style built home with super solid bones is a great investment opportunity just minutes away from New Center and the Historic Motown Museum! The major expansion developments taking plac ...more
TROMBLEY DAVID ESTATE NO 1 Sub Div: Description: Tenant occupied property producing income. All units are one bedroom, and one bathroom. This property is for sale as a package with another 15 unit apartment building (tenant occupied, rent producing) ...more
Description: Tenant occupied property producing income. All units are one bedroom, and one bathroom. There is one unit on the property that is in need of a complete rehab. P&L is available for view. This property ...more
Daniel J Campaus (Plats) Sub Div: Description: Property is in need of a total rehab, Selling agent does not have any knowledge of the interior of this property.
ROBERT OAKMANS FORD HWY & GLENDALE (PLATS) Sub Div: Description: Great investment opportunity! Two family property located centrally in Detroit minutes away from downtown close to 3 major freeways. cash and conventional only. Property is VACANT. Property can be ren ...more
ROBERT OAKMANS FORD HWY & GLENDALE (PLATS) Sub Div: Description: Great investment opportunity! Two family property located centrally in Detroit minutes away from downtown close to 3 major freeways. cash and conventional only. Property is occupied by tenants coopera ...more
Canterbury Gardens No 1 Sub (Plats) Sub Div: Description: Presently used as income bungalow but its highest and best use would be single family conversion. In emerging Bagley subdivision just needs some tender loving care, 24 hour notice for all showings.
Aurora Park Sub (Plats) Sub Div: Description: Investors! Large 2-family flat, 3 bedrooms in each unit. Lower unit occupied. Upper unit is ready and listed for rent but buyer may choose to live in upper unit and continue to rent out lower. Spa ...more
LINWOOD HEIGHTS (PLATS) Sub Div: Description: This well kept multi-family unit has plenty of potential. Lower unit has a long term tenant and upper unit will be vacant. Home has newer windows, roof and furnace. Located minutes away from major fre ...more
Actives Activity Chart
|1 Bed Homes For Sale in Detroit (9)||$ 91,300|
|2 Bed Homes For Sale in Detroit (226)||$ 41,846|
|3 Bed Homes For Sale in Detroit (1052)||$ 49,831|
|4 Bed Homes For Sale in Detroit (223)||$ 96,103|
|5+ Bed Homes For Sale in Detroit (107)||$ 281,658|
|1 Bed Condos For Sale in Detroit (54)||$ 196,218|
|2 Bed Condos For Sale in Detroit (72)||$ 388,586|
|3 Bed Condos For Sale in Detroit (26)||$ 525,929|
|4 Bed Condos For Sale in Detroit (3)||$ 543,000|
|5+ Bed Condos For Sale in Detroit (2)||$ 277,500|
|1 Bed Multifamily For Sale in Detroit (17)||$ 58,965|
|2 Bed Multifamily For Sale in Detroit (6)||$ 100,417|
|4 Bed Multifamily For Sale in Detroit (3)||$ 291,667|
|5+ Bed Multifamily For Sale in Detroit (15)||$ 561,732|
Sold Activity Chart
|1 Bed Homes Sold in Detroit (43)||$ 48,548|
|2 Bed Homes Sold in Detroit (1966)||$ 19,773|
|3 Bed Homes Sold in Detroit (12060)||$ 30,725|
|4 Bed Homes Sold in Detroit (2281)||$ 72,070|
|5+ Bed Homes Sold in Detroit (847)||$ 653,376|
|1 Bed Condos Sold in Detroit (665)||$ 157,566|
|2 Bed Condos Sold in Detroit (763)||$ 230,585|
|3 Bed Condos Sold in Detroit (221)||$ 261,709|
|4 Bed Condos Sold in Detroit (41)||$ 195,213|
|5+ Bed Condos Sold in Detroit (4)||$ 475,000|
|1 Bed Multifamily Sold in Detroit (97)||$ 44,128|
|2 Bed Multifamily Sold in Detroit (60)||$ 98,190|
|3 Bed Multifamily Sold in Detroit (14)||$ 169,554|
|4 Bed Multifamily Sold in Detroit (17)||$ 156,206|
|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!
ByOwner.com offers For Sale By Owner listing services throughout the country. By posting home with ByOwner your property will get the same exposure you’d receive from a traditional real estate company. Our Detroit, Michigan Flat Fee MLS listing Service saves you from paying the traditional 6% commission charged by most real estate offices, but gives you the same worldwide exposure.
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.
The average seller who uses our Flat Rate MLS Listing, will save over $15,000. We give you the tools and exposure you need as a ForSaleByOwner to compete with every other listing in the MLS. But you are in control of the savings and the fees you pay.
Currently Detroit has 2,199 properties on the market for sale. The inventory was last updated 01/21/2019. Of these properties, 1,618 single family homes are for sale by their owners in Detroit, and 158 condos are for sale by their owners in Detroit. The average price of the single family homes for sale in Detroit, is $112,147, the average condo price in Detroit, is $249,197. The average price per square foot of the active inventory is $89. This is based the living area square footage.
Over the last year, there have been 21,023 of properties sold in Detroit. Of these properties, 17,198 single family homes have sold by their owners in Detroit, and 1,715 condos have sold by their owners in Detroit. The average sales price of the single family homes sold in Detroit, is $164,898. Single family homes have been selling for 32 per square foot of living area. The average sales price of the condos for sale in Detroit, is $214,457. Condos have been selling for 120 per square foot of living area.
The most active subdivisions with listings for sale in Detroit, are: East Detroit Development Cos No 1 (plats) (13 For Sale), Voigt Park Sub (plats) (12 For Sale), Grandmont No 1 (plats) (10 For Sale), Joy Farm (also P39 Plats) (10 For Sale), Henry Russells Three Mile Drive Sub No 1 (plats) (10 For Sale), Warrendale Warsaw (plats) (8 For Sale), Palmer Woods (plats) (8 For Sale), Frischkorns Estates (plats) (8 For Sale), Park Drive No 4 (plats) (8 For Sale), Laurel Park (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 01/21/2019