This is an unusual opportunity. An Eight Unit Apartment complex which is presently rented far below market rates. Located in Grandmont Subdivision which is an excellent location for rentals. Tenants pay electricity and owner pays gas & water. It has excellent curb appeal. You must see to appreciate. There is a new hot water tank - less than 2 years old.
Sold for $500,000
$500,000
18742 Schoolcraft, Detroit, MI 48223
10beds
2,890sqft
Multi Family
Built in 1960
-- sqft lot
$461,800 Zestimate®
$173/sqft
$1,032 Estimated rent
Home value
$461,800
$420,000 - $503,000
$1,032/mo
Zestimate® history
Owner options
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$1,032/mo
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$1,032/mo
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$3,502/mo
Est. payment
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$3,502/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Otis R Sheard 313-402-6709,
O Sheard Realty LLC
Bought with:
Otis R Sheard, 6501093306
O Sheard Realty LLC
Source: Realcomp II,MLS#: 20240039490
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 2
- Full bathrooms: 8
Heating
- Natural Gas, Steam
Cooling
- Window Units
Features
- Basement: Common,Unfinished,Walk Out Access
- Has fireplace: No
Interior area
- Total interior livable area: 2,890 sqft
- Finished area above ground: 2,490
- Finished area below ground: 400
Property
Parking
- Total spaces: 7
- Parking features: Parking Lot, Paved, Unassigned
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch, Terrace
- Exterior features: Balcony, Lighting, Private Entrance
- Pool features: None
Lot
- Size: 6,098 Square Feet
- Dimensions: 67.00 x 90.00
Details
- Parcel number: W22I009659C61
- Zoning description: Commercial, MultiFamily, Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Upper Lower Apartment
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1960
- Major remodel year: 2020
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer, Sewer At Street
- Water: Public, Waterat Street
- Utilities for property: Above Ground Utilities
Community & HOA
Community
- Security: Smoke Detectors
- Subdivision: GRANDMONT NO 1 (PLATS)
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $173/sqft
- Tax assessed value: $35,750
- Annual tax amount: $3,189
- Date on market: 6/6/2024
- Cumulative days on market: 16 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,Va Loan,Warranty Deed
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2025 | Listing removed | $1,150 |
Source: Zillow Rentals Report a problem | ||
| 1/4/2025 | Listed for rent | $1,150 |
Source: Zillow Rentals Report a problem | ||
| 7/31/2024 | Sold | $500,000-2.9%$173/sqft |
Source:  Realcomp II #20240039490 Report a problem | ||
| 6/20/2024 | Pending sale | $515,000$178/sqft |
Source: Realcomp II #20240039490 Report a problem | ||
| 6/6/2024 | Listed for sale | $515,000+24.1%$178/sqft |
Source: Realcomp II #20240039490 Report a problem | ||
| 6/27/2023 | Sold | $415,000$144/sqft |
Source: Realcomp II #20230043922 Report a problem | ||
| 6/27/2023 | Pending sale | $415,000$144/sqft |
Source: Realcomp II #20230043922 Report a problem | ||
| 6/27/2023 | Listed for sale | $415,000$144/sqft |
Source: Realcomp II #20230043922 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Grandmont No.1
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Nearby schools
GreatSchools rating
- 3/10Gompers Elementary-Middle SchoolGrades: PK-8Distance: 1.1 mi
- 3/10Cody High SchoolGrades: 9-12Distance: 1.9 mi
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Estimated market value
$461,800
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
$461,800
- Michigan
- Wayne County
- Detroit
- 48223
- Grandmont No.1
- 18742 Schoolcraft
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