10929 SHOEMAKER Street Detroit, MI ^$ 250,000

10929 SHOEMAKER Street

^$ 250,000

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10929 SHOEMAKER Street

Detroit, MI, 48213

^$ 250,000

Studio Baths4.1 Sq 3,328

Monthly Estimate*

^$ 1,560

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Studio

Multi-Family Home for sale in Detroit, MI

for $250,000 with 4 full baths, 1 half bath. This 3,328 square foot home was built in 1926 on a lot size of 0.08.

This quadplex offers an incredible investment opportunity with current rental income and value-add potential. Two of the four units are tenant-occupied, providing immediate cash flow. The third 1-bed unit is nearly move in ready while the 3-bed unit requires TLC prior to renting. The highlight of the property is a unique on-site bar / open retail space, perfect for creating a communal or entertainment space to attract tenants or as a standalone revenue stream.

Multi-Family Active

Price

^$ 250,000

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 2,035

Style

Lot Size

0.08

Year Built

1926

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60364870

Features

General

Heating Forced Air

Possession At Close

Water Public Water at Street

Status Active Active

Full Baths 4

Half Baths 1

Bathrooms 5

Year Built 1926

Subdivision WARREN PARK NO 1 (PLATS) MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Ownership Private

Municipality Detroit

Zoning Multi-Family

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions N on Gratiot Ave then E on Shoemaker St

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description N SHOEMAKER 255&256 WARREN PARK NO 1 L37 P51 PLATS W C R 21/571 40 X 100

DOM 231

Postal Code 48213

Price Per Sq Ft Total AG 75.12

Public Remarks This quadplex offers an incredible investment opportunity with current rental income and value-add potential. Two of the four units are tenant-occupied

Exterior

Frontage 40

Lot Size Area 0.08

Lot Dimensions 40 x 100

Roads Paved Street

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 4

Fuel Type Natural Gas

* Excluded Features

List By

Alec Casal

Listing Agent

New Era Real Estate Llc

Broker

alec@newerarealestate.agency

Affordability Calculator

$1,729

Per Month

Monthly Principal & Interest: $1,560
Monthly Property Taxes: $170
Monthly Home Insurance: --

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Loan Term

Interest Rate

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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 5%

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
2/5/2025	$250,000	-5.66%	Price Down
1/15/2025	$265,000		Listed Price

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10929 SHOEMAKER Street, Detroit, MI, 48213 is a Multi-Family Home for sale at $250,000 with 3,328 sqft and a lot size of 0.08. 10929 SHOEMAKER Street is a studio with 4.1 baths and was built in 1926. The property's zip code is 48213 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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10929 SHOEMAKER Street

Multi-Family Home for sale in Detroit, MI

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