MACKS Sub Div: Description: ONE OF A KIND DEVELOPMENT OPPORTUNITY LOCATED JUST OUTSIDE OF NEW CENTER AREA AND WEST OF THE NORTH END. THE LOCATION IS PRIME, 1 BLOCK FROM WOODWARD AVE, WITHIN 1/2 MILE TO THE Q-LINE, CLOSE PROXIMIT ...more
BUCKINGHAM PARK (PLATS) Sub Div: Description: Call or text for showings or any questions. Value-add multifamily property. 20 1-bedroom apartments + 3 Studio apartments. 100% vacant with clean out already done. Ready for rehab. Cash offers only. N ...more
GLYNN COURT GARDENS SUB (PLATS) Sub Div: Description: COMPLETELY RENOVATED 9-UNIT APT BUILDING RESTORED TO IT'S ORIGINAL LUSTER. LOCATED 1 BLOCK FROM BOSTON-EDISON HISTORIC DISTRICT. BUILDING IS COMPRISED OF 5 ONE BEDROOM UNITS AND 4 TWO BEDROOM UNITS. M ...more
DUMBARTON ROAD (PLATS) Sub Div: Description: 60 UNIT BRICK APARTMENT BUILDING.
SUB OF A POR OF PC 171 TO J LIVERNOIS (PLATS) Sub Div: Description: 24 Unit Apartment building in popular Southwest Detroit. Close proximity to Corktown, Mexican Town and Hubbard Farms. The building is exceptionally well maintained and landscaped to attract tenants. M ...more
Lothrop & Duffields (Plats) Sub Div: Description: Prime New Center area - 19 Units consisting of 17 - 1 Bedroom and 2 Storefronts. This Building has been under the same ownership for many years, well maintained and rents have been historically low. ...more
BECKS SUB (PLATS) Sub Div: Description: Prime New Center 37 Unit Apartment Building - 6 of the 1 bedrooms have lovely sun porches. Building has been under same ownership for many years and has been well maintained and rents have been histo ...more
FOX CREEK (PLATS) Sub Div: Description: 5 unit building which includes in the sale a three unit home next door, boat house, and two lots. This located in the Jefferson Chalmers neighborhood off the canal. This is an amazing opportunity .... ...more
ALFRED TROMBLEYS IDEAL SUB (PLATS) Sub Div: Description: GREAT OPPORTUNITY ON THIS LARGE 11 UNIT APARTMENT BUILDING. INTERIOR NEEDS UPDATING AND REPAIRS BUT PRICED TO COMPENSATE. AS IS CASH SALE ONLY. BUYER TO PAY $495.00 COMPLIANCE FEE TO LISTING BROKER AT ...more
PARKERS RESUB (PLATS) Sub Div: Description: Unique West Village MF Residential FOR SALE. Develop into investment rentals, condos or turn it into your private residence with rental income. Restaurants & new retail storefronts are within... ...more
LINWOOD HEIGHTS (PLATS) Sub Div: Description: For sale half price! Distress sale 28 apartments. Rent potential $201,600 / annually. 3% commission to buyer agent. Fantastic investment opportunity.
Leigh G Coopers Nottingha M Highlands (Plats) Sub Div: Description: 83% Occupied as of 12/1/17, with an additional security deposit received for the 11th unit. (12) 1-Bedroom Units, approx 9,000+/- SF 2-Story Brick Building with ample on-site parking.... ...more
ROBERT OAKMANS TWELFTH ST (PLATS) Sub Div: Description: 27 Units 9 2br Rent $650 (est 1,184sqft) 18 1 br Rent $550 (est 793 sqft) 16% CAP 80% Occupancy BATVAI all units have hardwood floors Parking in rear of building 2016 Taxes $2,862
Description: 26 Unit Building In Midtown Detroit - Endless Possibilities - Owner Has Brand New Windows For ALL Units And Will Include Them In The Sale - Building Needs Total Renovation - Location Is Everything... ...more
OBENAUER BARBER LAING ORCHARD BLVD SUB (PLATS) Sub Div: Description: GREAT INVESTOR OPPORTUNITY. SIX UNIT RANCH STYLE APARTMENT BUILDING PARTIALLY OCCUPIED. BUYER SHALL PAY LISTING BROKER TRANSACTION FEE OF $395 AT CLOSING. B.A.T.A.V.I NO SHOWINGS UNTIL... ...more
HUDSONS SUB (PLATS) Sub Div: Description: 16 INDIVIDUAL UNITS, ALL IN GREAT CONDITION. 4 units have 2 bedrooms. Great occupancy rate! New hot water tank, each unit has its own electrical meter. will not last long!
ABERDEEN HEIGHTS NO 1 (PLATS) Sub Div: Description: 7 UNITS/ 6 UNITS ARE ONE BEDROOM APARTMENTS AND 1 UNIT COMMERCIAL BEAUTY SALON, FULLY RENTED. SELLING AS IS.
MELROSE BLVD (PLATS) Sub Div: Description: 8 Unit Apartment Building, 3 (2) Bedroom, 5 (1) Bedroom Apartments. 100% Occupancy. $4300/month income could be great potential.
WILLMARTH Sub Div: Description: WELL MAINTAINED 16 UNIT COMPLEX. 8-1 BEDROOM UNITS AND 8-2 BEDROOM UNITS TOTAL. ON SITE LAUNDRY AND MAINTENANCE. COMMON BASEMENT WITH SOME PRIVATE STORAGE. SECURED PARKING. RENT CURRENTLY INCLUDES... ...more
Actives Activity Chart
|1 Bed Homes For Sale in Detroit (9)||$ 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!
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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 2,199 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