**OPPORTUNITY** Investors, here is your next rehab project! Turn this 2 unit property into a cash flow machine; each unit features a spacious living room, dining room, kitchen, bathroom, and 2 bedrooms! The property did have a relatively small fire in one of the upper bedrooms but the damage was contained. The property does have hardwood flooring that may be salvageable, forced air heating, and some vinyl windows in the first floor unit that could probably be saved! Sec 8 rents for a property like this should be $1,100-1,200/month per unit, with cash paying tenants paying slightly less. Located in the 48306 zip code where there are too many redevelopment and development projects to list! Quick access to M-10 so 10 minutes or less to downtown! NO SELLER FINANCING, CASH OR HARD MONEY ONLY
Sold for $15,000
Street View
$15,000
1987 Richton St, Detroit, MI 48206
4beds
1,818sqft
Duplex
Built in 1924
-- sqft lot
$22,000 Zestimate®
$8/sqft
$1,229 Estimated rent
Home value
$22,000
$17,000 - $29,000
$1,229/mo
Zestimate® history
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$1,229/mo
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$86/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Ryan E Kain 313-277-7777,
RE/MAX Leading Edge,
Samuel Kain 734-751-4468,
RE/MAX Leading Edge
Bought with:
Gharian Carver, 6501406281
KW City
Source: Realcomp II,MLS#: 20240039717
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,818 sqft
- Finished area above ground: 1,818
Property
Parking
- Parking features: On Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
- Pool features: None
Lot
- Size: 3,049 Square Feet
- Dimensions: 30.00 x 100.00
Details
- Parcel number: W08I003697S
- Zoning description: Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex
Materials
- Asphalt
- Foundation: Basement, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer, Sewer At Street
- Water: Public, Waterat Street
Community & HOA
Community
- Subdivision: MONTEREA (PLATS)
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $8/sqft
- Tax assessed value: $5,796
- Annual tax amount: $791
- Date on market: 6/10/2024
- Cumulative days on market: 227 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 2/7/2025 | Sold | $15,000-57%$8/sqft |
Source:  Realcomp II #20240039717 Report a problem | ||
| 1/23/2025 | Pending sale | $34,900$19/sqft |
Source: Realcomp II #20240039717 Report a problem | ||
| 9/24/2024 | Price change | $34,900-12.5%$19/sqft |
Source: Realcomp II #20240039717 Report a problem | ||
| 8/26/2024 | Price change | $39,900-11.1%$22/sqft |
Source: Realcomp II #20240039717 Report a problem | ||
| 7/22/2024 | Price change | $44,900-10%$25/sqft |
Source: Realcomp II #20240039717 Report a problem | ||
| 6/10/2024 | Listed for sale | $49,900$27/sqft |
Source: Realcomp II #20240039717 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $27,500 +25.6% |
| 2024 | -- | $21,900 +24.4% |
| 2023 | -- | $17,600 +23.9% |
| 2022 | -- | $14,200 +7.6% |
| 2021 | -- | $13,200 |
| 2020 | $1,113 +52.2% | $13,200 +6.5% |
| 2019 | $731 | $12,400 +5.1% |
| 2018 | $731 | $11,800 -4.1% |
| 2017 | -- | $12,300 -78.2% |
| 2016 | $650 | $56,500 +309.4% |
| 2015 | $650 +37.1% | $13,800 -28.2% |
| 2013 | $474 -27% | $19,210 +333.4% |
| 2010 | $650 | $4,432 -12% |
| 2009 | -- | $5,036 -10.5% |
| 2008 | -- | $5,627 |
| 2007 | -- | $5,627 +5.5% |
| 2005 | $62 | $5,334 +3% |
| 2004 | -- | $5,179 |
Find assessor info on the county website
Neighborhood: Dexter-Linwood
Nearby homes
- $29,022-- bd1 ba1.2k sqft1993 Richton St, Detroit, MI 48206Off Market
- $17,0004 bd2 ba1.1k sqft1999 Richton St, Detroit, MI 48206Off Market
- $14,2004 bd2 ba1.7k sqft1981 Richton St, Detroit, MI 48206Off Market
- $39,900-- bd1 ba1.1k sqft2005 Richton St, Detroit, MI 48206Off Market
- $8,2004 bd1 ba973 sqft1975 Richton St, Detroit, MI 48206Off Market
- $20,7003 bd1 ba1.2k sqft1969 Richton St, Detroit, MI 48206Off Market
- $30,0002 bd1 ba1.6k sqft2011 Richton St, Detroit, MI 48206Sold
- $26,900-- bd2 ba1.7k sqft2017 Richton St, Detroit, MI 48206Off Market
Nearby schools
GreatSchools rating
- 3/10Durfee Elementary-Middle SchoolGrades: PK-8Distance: 0.4 mi
- 4/10Central Collegiate AcademyGrades: 9-12Distance: 0.4 mi
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Estimated market value
$22,000
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
$22,000
- Michigan
- Wayne County
- Detroit
- 48206
- Dexter-Linwood
- 1987 Richton St
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