Active

6022-6028 Appoline

Dearborn, Michigan 48126

$449,900 $1,896/Mo

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Overview

Bed

Bath

3,024

Sqft

Description

HEART OF EAST DEARBORN MULTI-FAMILY INVESTMENT OPPORTUNITY PRIME APPOLINE MULTI-FAMILY OPPORTUNITY LOCATED IN THE HEART OF EAST DEARBORN, OFFERING TWO WELL-LOCATED OCCUPIED PROPERTIES WITH STRONG TENANCY, RECENT CAPITAL IMPROVEMENTS, AND MEANINGFUL RENT UPSIDE. THE OFFERING INCLUDES 6022-6028 APPOLINE, A FULLY OCCUPIED 4-UNIT PROPERTY WITH ALL 1-BEDROOM / 1-BATH UNITS, CURRENTLY PRODUCING $3,515/MONTH GROSS INCOME. THE PROPERTY HAS LONG-TERM TENANTS IN PLACE, ZERO MOVE-OUTS SINCE 2023, AND SEVERAL RECENT IMPROVEMENTS INCLUDING HVAC REPLACEMENT WORK, MAJOR PLUMBING UPGRADES, FRONT PORCH MASONRY, EXTERIOR C OF O REPAIRS, AND APPLIANCES REPLACED ON TURNOVER. THREE OF THE FOUR UNITS ARE CONVENTIONAL MONTH-TO-MONTH AND MAY BE DELIVERABLE TO AN OWNER-OCCUPANT, MAKING THIS AN EXCELLENT OPPORTUNIT Y FOR AN FHA BUYER, HOUSE-HACKER, OR INVESTOR SEEKING STABLE INCOME WITH UPSIDE. UNIT 6028 #4 IS A SECTION 8 VOUCHER TENANCY, WITH APPROXIMATELY $595 OF THE $875 RENT PAID DIRECTLY BY THE HOUSING AUTHORITY SINCE 2019. 6037 APPOLINE, A 5-UNIT MULTI-FAMILY PROPERTY WITH ALL 1-BEDROOM / 1-BATH UNITS. ONCE UNIT 4 IS LEASED AT THE CURRENT ASKING RANGE OF $925-$950/MONTH, THE STABILIZED GROSS INCOME IS PROJECTED AT APPROXIMATELY $4,485/MONTH, OR ROUGHLY $53,800 ANNUALLY. CURRENT IN-PLACE GROSS INCOME IS $3,550/MONTH WITH FOUR OF FIVE UNITS OCCUPIED. THE PROPERTY FEATURES STRONG TENANCY, COMMITTED LEASES THROUGH 2026 AND 2027, ON-SITE LAUNDRY, AND RECENT IMPROVEMENTS INCLUDING BOILER/MECHANICAL WORK BY DETROIT FURNACE, UNIT RENOVATIONS, FLOORING UPDATES, EMERGENCY AND EXIT LIGHTING FOR C OF O, AND APPLIANCES REPLACED ON TURNOVER. BOTH PROPERTIES OFFER A RARE OPPORTUNITY TO ACQUIRE INCOME-PRODUCING MULTI-FAMILY ASSETS IN ONE OF EAST DEARBORN’S MOST ACTIVE RENTAL MARKETS, WITH STABLE IN-PLACE INCOME AND ROOM TO INCREASE RENTS OVER TIME. FINANCIALS AND ADDITIONAL PROPERTY DETAILS AVAILABLE UPON REQUEST.

Property Details

Property Type : Multifamily

Price : $449,900

AD Id : 85044026

MLS Id : 20261045671

Beds : 4

Living Area Size : 3,024

Year Built : 1927

County : Wayne

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 4 Full Baths: 4
Interior Features

Basement Description: Unfinished
Heating & Cooling

Heating: Forced Air Heating Fuel: Natural Gas

Building Information

Year Built: 1927 Building Stories: 2 Story Total Units: 4 Foundation/Basement: Basement Architecture: Colonial
Exterior Features

Construction: Brick
Utility Features

Sewer: Sewer (Sewer-Sanitary)
Water

Public (Municipal)

Lot Information

Lot Dimensions: 36X132 Frontage Feet: 36
Property Information

SQ ft: 3024 Financing: Cash,Conventional

Listing Price Information

Original List Price: $449,900
Listing Information

Possession: At Close Legal Description: LOT 239 ROBERT OAKMANS OAKMAN BLVD & MILLER AVE SUB

Tax Information

Annual Tax: $6,425 Parcel Number: 32821008314013
Possession

At Close
Legal Information

Legal Description: Section: LOT 239 ROBERT OAKMANS OAKMAN BLVD & MILLER AVE SUB

Unit 1 Information

# of Bedrooms: 4

School Information

School District: Dearborn
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
14411 Lithgow Street , Dearborn, MI, 48126	$199,900	3	2	1,316	1,316 SqFt
8805 Whitlock Avenue , Dearborn, MI, 48126	$239,900	3	2	1,512	1,512 SqFt
10339 Tireman Avenue , Dearborn, MI, 48126	$329,000	6	3	3,052	3,052 SqFt
6037 Appoline Street , Dearborn, MI, 48126	$465,000	6	5	2,214	2,214 SqFt
6911 Appoline Street , Dearborn, MI, 48126	$329,900	4	3	1,801	1,801 SqFt
4649 Jonathon Street , Dearborn, MI, 48126	$289,999	5	--	--
7524 Hartwell Street , Dearborn, MI, 48126	$329,900	3	2.5	1,911	1,911 SqFt
6559 Barrie Street , Dearborn, MI, 48126	$249,000	4	2	1,359	1,359 SqFt
7239 Barrie Street , Dearborn, MI, 48126	$349,900	--	2	1,912	1,912 SqFt

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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/18/2026 @ 12:54

MLS: 20261045671 LISTED BY: Ali T Charara , Century 21 Curran & Oberski 313-274-7200 SOURCE: Realcomp II Ltd