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Sold for $211,000
    • $211,000

    12400 Barlow St, Detroit, MI 48205

    4beds
    2,880sqft
    Multi Family
    Built in 1929
    -- sqft lot
    $213,100 Zestimate®
    $73/sqft
    $1,363 Estimated rent

    Home value

    $213,100

    $194,000 - $232,000

    $1,363/mo

    Zestimate® history
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    $1,363/mo

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    $1,547/mo

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    What's special

    **INVESTORS!! Cash flowing turn-key investment property on Detroit's east side. Currently a 1BR/1BA per unit 4-plex, can be converted into a 7-unit for even larger ROI!! This is a PERFECT opportunity for new investors because the seller is providing many financing options to create a low to NO down payment acquisition! One unit rented; $650/mo; however, seller can reveal blueprints for a 2BR conversion plan which would raise the value of both building and rents. This opportunity is fantastic! Nearly turnkey - seller leaving 3 units vacant so buyer can choose final unit options before leasing. There is the option of adding 3 more basement units AND coin laundry - which would bring the property to 7 total units and giant ROI fueled by monthly rents of around $4,900!! You must come see and evaluate the potential!! This brick beauty has a newer roof, windows and major updates to attract clean, quality tenants. Close to major freeways, main roads, shopping and necessities. This won't last!!

    Zillow last checked:

    Listing updated:

    Listed by:

    Craig Covert 313-274-7200,

    Century 21 Curran & Oberski

    Bought with:

    Lakina Fulks, 6501378107

    EXP Realty Main

    Source: Realcomp II,MLS#: 20240043565MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced Air, Natural Gas
    Features
    • Basement: Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,880 sqft
    • Finished area above ground: 2,880

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 3,920 Square Feet
    • Dimensions: 40 x 101
    Details
    • Parcel number: 21033028.
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Basement, Block
    Condition
    • New construction: No
    • Year built: 1929
    • Major remodel year: 1929

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: GRATIOT HIGHLANDS SUB (PLATS)
    Location
    • Region: Detroit

    Financial & listing details

    • Price per square foot: $73/sqft
    • Tax assessed value: $42,500
    • Annual tax amount: $955
    • Date on market: 6/19/2024
    • Cumulative days on market: 9 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Contract,Conv Blend Rt,Conventional,Covenant Deed,FHA,Owner May Carry,Quit Claims Deed,Trade 1031 Exchange,Warranty Deed

    Price history

    DateEventPrice
    10/4/2024Sold$211,000-8.2%$73/sqft
    Source: Realcomp II #20240043565 Report a problem
    7/24/2024Pending sale$229,900$80/sqft
    Source: Realcomp II #20240043565 Report a problem
    7/6/2024Listed for sale$229,900+206.5%$80/sqft
    Source: Realcomp II #20240043565 Report a problem
    10/31/2019Sold$75,000$26/sqft
    Source: Agent Provided Report a problem
    7/18/2019Listed for sale$75,000+1342.3%$26/sqft
    Source: Downtown Realty #219071112 Report a problem
    11/12/2009Sold$5,200-11.9%$2/sqft
    Source: Public Record Report a problem
    9/1/2009Listed for sale$5,900$2/sqft
    Source: foreclosure.com Report a problem
    7/30/2009Listing removed$5,900$2/sqft
    Source: foreclosure.com Report a problem
    7/3/2009Listed for sale$5,900-94.3%$2/sqft
    Source: foreclosure.com Report a problem
    5/27/2008Sold$102,974-14.2%$36/sqft
    Source: Public Record Report a problem
    5/23/2007Sold$120,000$42/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $52,700 +24%
    2024-- $42,500 +32.4%
    2023-- $32,100 +30.5%
    2022-- $24,600 +2.1%
    2021-- $24,100
    2020$489 -49.3%$24,100 +19.9%
    2019$964 $20,100 +9.8%
    2018$964 $18,300 -2.7%
    2017-- $18,800 +129.3%
    2016$2,563 $8,200
    2015$2,563 +12.9%$8,200 -63.9%
    2013$2,270 -11.5%$22,698 -31.8%
    2010$2,563 $33,279 -12%
    2009-- $37,817 -13.5%
    2008-- $43,719
    2007-- $43,719 +156.2%
    2005$199 $17,062 +3%
    2004-- $16,565 +7.9%
    2001$1,278 +8.5%$15,350 +1.7%
    2000$1,178 $15,100
    Find assessor info on the county website

    Neighborhood: Gratiot-Findlay

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $213,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $213,100

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