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12622 Promenade Street Detroit, MI $ 130,000
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$ 130,000 Get more info
12622 Promenade Street
$ 130,000
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12622 Promenade Street

Detroit, MI, 48213
$ 130,000
Bedrooms3 Baths2.0 Sq 1,540

Monthly Estimate*

$ 821

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Multi-Family Home for sale in Detroit, MI

for $130,000 with 3 bedrooms and 2 full baths. This 1,540 square foot home was built in 1951 on a lot size of 0.12.

Potential money making 2 family property. 2 bedrooms, kitchen, living, dining and bathroom in the lower unit. 1 bedroom, kitchen, living and bedroom in the upper unit. Full shared basement with 2 furnaces and 2 water heaters, 2 car garage. Most recently rented for $1000 downstairs and $800 upstairs.

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Multi-Family Active

Price

$ 130,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,592

Style

Bungalow

Lot Size

0.12

Year Built

1951

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261069348
Features
General
Sewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Cooling CeilingFans
Possession AtClose
Garage Spaces 0.0
Architectural Style Bungalow
Pool Features None
Construction Materials Brick
Pets Allowed Yes
Year Built 1951
Levels OneAndOneHalf
Property Subtype MultiFamily
County Wayne
Net Operating Income 18600.0
Operating Expense 3000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name STEVENS ESTATE SUB 1PLATS
Garage Y/N N
Rent Includes Water
Full Baths 2
Status Active
Directions E on Gratiot to Outer Dr S on Outer Dr to Park Rd W on Park Rd to Promenade N on Promenade to address
City DetroitCity_Wayne
Disclosures ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area05055DetConMorsGratHstn7Mack
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 2592.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 41100
Expected Active Date 2026-09-01
Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2029. S PROMENADE 293 STEVENS ESTATE SUB NO 1 L45 P29 PLATS W C R 21/672 35 X 148
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Interior
Basement Common Full InteriorEntry Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1540.0
Half Baths 0
Laundry Features ElectricDryerHookup WasherHookup
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public WateratStreet
Foundation Details Basement Block
Spa N
Lot Dimensions 35X148.6
Lot Size Acres 0.12
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 12622
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* Excluded Features
List By
Danny Peterson

Listing Agent

Exp Realty Main

Broker

(810) 423-6669

Phone

Affordability Calculator

$1,037
Per Month
79%
21%
0%
Monthly Principal & Interest
$821
Monthly Property Taxes
$216
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/1/2026$130,000 Listed Price

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12622 Promenade Street, Detroit, MI, 48213 is a Multi-Family Home for sale at $130,000 with 1,540 sqft and a lot size of 0.12. 12622 Promenade Street has 3 bedrooms, 2.0 baths, and was built in 1951. The property's zip code is 48213 which is in Detroit, MI

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