3737 Scovel Place Detroit, MI ^$ 900,000

3737 Scovel Place

^$ 900,000

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3737 Scovel Place

Detroit, MI, 48208

^$ 900,000

Studio Baths0.0

Monthly Estimate*

^$ 5,615

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Studio

Multi-Family Home for sale in Detroit, MI

for $900,000. This home was built in 1927 on a lot size of 0.15.

Great investment opportunity! Newly updated 20 unit occupied apartment building with leases in place in a convenient location. Find your way downtown in less 10 minutes or to midtown in just 5 minutes!The building comes with ample parking in an attached concrete lot directly next to building. The entire building has been rental certified and has passed lead inspection by the city of Detroit. There are 10 one bedroom units and 10 studio units. The majority of all units have newer flooring, paint, and lighting. All unit doors have are equipped steel doors with keyless/digital entry as well as deadbolt locks. All units have their own electric meter along with heating and cooling units. Each unit is separately metered. All tenant pay thier own electric bills. All one bedroom units have new

Multi-Family Active

Price

^$ 900,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 12,844

Style

Lot Size

0.15

Year Built

1927

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

70412009

Features

General

Heating Radiant

Status Active Active

Year Built 1927

County Wayne

Class MULTIFAMILY

Type Multi-Family

Municipality Detroit

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Directions From the I-96 go west on West Grand Blvd turn south on Scovel Place the property is one the right side of the street

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description S SCOVEL PLACE 5 E 1/2 4 MC LAUGHLINS SUB L22 P53 PLATS W C R 12/106 45 X 140.18

DOM 544

Postal Code 48208

Public Remarks

Exterior

Exterior Brick

Frontage 20

Lot Size Area 0.15

Lot Dimensions 45.00X140.00

Roads Paved Street

Waterfront Y/N No

Interior

Total Number of Units 20

Fuel Type Natural Gas

* Excluded Features

List By

Ryan Heward

Listing Agent

Golden Key Real Estate Llc

Broker

ryan.heward@goldenkeydetroit.com

Affordability Calculator

$6,685

Per Month

Monthly Principal & Interest: $5,615
Monthly Property Taxes: $1,070
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$237,392

Percent of Sale Price 74%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/11/2024	$900,000		Listed Price

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3737 Scovel Place, Detroit, MI, 48208 is a Multi-Family Home for sale at $900,000 with a lot size of 0.15. 3737 Scovel Place is a studio with 0.0 baths and was built in 1927. The property's zip code is 48208 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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3737 Scovel Place

Multi-Family Home for sale in Detroit, MI

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