Sold for $280,000

$280,000

12567 Pinehurst St, Detroit, MI 48204

12beds

5,808sqft

Multi Family

Built in 1927

-- sqft lot

$334,300 Zestimate^®

$48/sqft

$-- Estimated rent

Home value

$334,300

$284,000 - $388,000

Not available

Zestimate^® history

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$1,987/mo

Est. payment

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$1,987/mo

Est. payment

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What's special

6 UNIT MULTI-FAMILY APARTMENT BUILDING FULLY OCCUPIED. TURNKEY OPPORTUNITY. 13% CAP RATE. NOI IS $46,400 PER YEAR. SHOWINGS WITH ACCEPTED OFFER ONLY. PLEASE DO NOT DISTURB THE TENANTS.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 6
Full bathrooms: 6

Heating

Forced Air, Natural Gas

Features

Basement: Unfinished
Has fireplace: No

Interior area

Total interior livable area: 5,808 sqft
Finished area above ground: 5,808

Property

Features

Levels: Two
Stories: 2
Pool features: None

Lot

Size: 4,356 Square Feet
Dimensions: 35.00 x 125.00

Details

Parcel number: W16I044484S
Zoning description: MultiFamily
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Brick
Foundation: Basement, Poured

Condition

New construction: No
Year built: 1927

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: MOORE & VEALE SUB (PLATS)

Location

Region: Detroit

Financial & listing details

Price per square foot: $48/sqft
Tax assessed value: $157,400
Annual tax amount: $13,910
Date on market: 3/10/2025
Cumulative days on market: 31 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash

Price history

Date	Event	Price
4/11/2025	Sold	$280,000-20%$48/sqft
Source: Realcomp II #20250014233 Report a problem
4/10/2025	Pending sale	$350,000$60/sqft
Source: Realcomp II #20250014233 Report a problem
3/10/2025	Listed for sale	$350,000+52.2%$60/sqft
Source: Realcomp II #20250014233 Report a problem
8/22/2023	Sold	$230,000$40/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$157,400 +18.5%
2024	--	$132,800 +13.9%
2023	--	$116,600 +50.8%
2022	--	$77,300 +26.1%
2021	--	$61,300
2020	$1,084 -42.6%	$61,300 +6.2%
2019	$1,889	$57,700 +376.9%
2018	$1,889	$12,100 +7.1%
2017	--	$11,300 -88.7%
2016	$1,700	$99,900 +800%
2015	$1,700 +22.4%	$11,100 -20.1%
2013	$1,389 -18.3%	$13,886 -30.2%
2010	$1,700	$19,895 -12%
2009	--	$22,608 -13.5%
2008	--	$26,136
2007	--	$26,136 +5.5%
2005	$189	$24,773 +3%
2004	--	$24,051 +70.7%
2001	$1,173 +10.1%	$14,091 +3.2%
2000	$1,065	$13,654