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4740-4742 Alter Road Detroit, MI $ 95,000
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$ 95,000 Get more info
4740-4742 Alter Road
$ 95,000
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Share Save

4740-4742 Alter Road

Detroit, MI, 48215
$ 95,000
Bedrooms4 Baths2.0 Sq 2,214

Monthly Estimate*

$ 656

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Multi-Family Home for sale in Detroit, MI

for $95,000 with 4 bedrooms and 2 full baths. This 2,214 square foot home was built in 1922 on a lot size of 0.08.

Well-maintained upper/lower duplex in Detroit's Morningside neighborhood, conveniently located near the Grosse Pointe Park border with easy access to I-94. Property features plumbing and electrical upgrades completed last year, and the upper unit was completely turned approximately five months ago. Property has passed City rental inspection and previous Housing Choice Voucher (HCV) inspections, with another HCV inspection scheduled. One tenant currently participates in the HCV program. Great opportunity for investors seeking an established rental property in a convenient location. Available individually or as part of a six-property investment portfolio.

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Multi-Family Pending

Price

$ 95,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,652

Style

Duplex,Traditional

Lot Size

0.08

Year Built

1922

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261078461
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession SubjectToTenantRights
Garage Spaces 0.0
Architectural Style Duplex Traditional
Pool Features None
Construction Materials Brick
Exclusions Exclusion(s) Do Not Exist
Pets Allowed Yes
Year Built 1922
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 18000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ELM PARK 1
Garage Y/N N
Rent Includes MaintenanceOffSite Sewer TrashCollection Water YardMaintenance
Full Baths 2
Status Pending
Directions Exit at Alter from 94 go south property will be on the left after Warren Ave.
City DetroitCity_Wayne
Disclosures LegalRentalCertified ExclusionsDoNotExist NoRestrictions ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Residential
Number Of Units Total 2
MLS Area Area05055DetConMorsGratHstn7Mack
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 4652.0
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 Pending
Occupancy Type Tenant
Tax Assessed Value 35242
Expected Active Date 2026-09-28
Legal Description E ALTER 73 ELM PARK SUB NO 1 L42 P50 PLATS W C R 21/613 35 X 100.11A
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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 2214.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public
Foundation Details Basement BrickMortar
Spa N
Lot Dimensions 35X100.11
Lot Size Acres 0.08
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 4740
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* Excluded Features
List By
Colleen Kennedy

Listing Agent

Prospect Realty Group

Broker

(248) 417-1396

Phone

Affordability Calculator

$1,044
Per Month
63%
37%
0%
Monthly Principal & Interest
$656
Monthly Property Taxes
$388
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
848539 Elementary School
848135 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
9/28/2026$95,000 Listed Price

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4740-4742 Alter Road, Detroit, MI, 48215 is a Multi-Family Home for sale at $95,000 with 2,214 sqft and a lot size of 0.08. 4740-4742 Alter Road has 4 bedrooms, 2.0 baths, and was built in 1922. The property's zip code is 48215 which is in Detroit, MI

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