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Off market
  • $129,700

    5566 Lakewood St, Detroit, MI 48213

    6beds
    2,486sqft
    Duplex
    Built in 1925
    -- sqft lot
    $129,700 Zestimate®
    $52/sqft
    $1,185 Estimated rent

    Home value

    $129,700

    $108,000 - $153,000

    $1,185/mo

    Zestimate® history
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    What's special

    Amazing investment opportunity! This duplex is an instant cashflow opportunity. Property includes two 3BR/1BA units, both TENANT OCCUPIED at $800/mo ($1600/mo total income). Professionally managed rental. Property being sold as is. All dimensions are estimated and should be verified. Pictures of inside of home from before tenants moved in. **Showings only with accepted offer. Both units are tenant occupied, please respect their privacy. ***Can be purchased as part of a package deal with two other tenant occupied single family homes in Detroit (see MLS# 20230026770 , 20230026687). Seller prefers to sell all three properties together, but will listen to all offers.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Listed by:

    Bailee Clanton 313-774-4005,

    Home Source Realty LLC

    Bought with:

    Marnette Watkins Cobb, 6501384095

    Oak and Stone Real Estate

    Source: Realcomp II,MLS#: 20230026147MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air, Natural Gas
    Features
    • Basement: Common,Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,486 sqft
    • Finished area above ground: 2,486

    Property

    Parking
    • Total spaces: 1
    • Parking features: One Car Garage
    • Garage spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 4,356 Square Feet
    • Dimensions: 40.00 x 108.00
    Details
    • Parcel number: W21I054701S
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Duplex
    • Property subtype: Duplex
    Materials
    • Brick
    • Foundation: Basement, Block
    Condition
    • New construction: No
    • Year built: 1925

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: WERNER'S PARK SUB
    Location
    • Region: Detroit

    Financial & listing details

    • Price per square foot: $52/sqft
    • Tax assessed value: $300
    • Annual tax amount: $24
    • Date on market: 4/11/2023
    • Cumulative days on market: 12 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    7/24/2023Sold$110,000-6.8%$44/sqft
    Source: Realcomp II #20230026147 Report a problem
    6/19/2023Pending sale$118,000$47/sqft
    Source: Realcomp II #20230026147 Report a problem
    4/12/2023Listed for sale$118,000+12.4%$47/sqft
    Source: Realcomp II #20230026147 Report a problem
    3/2/2023Listing removed$105,000$42/sqft
    Source: Realcomp II #20221043342 Report a problem
    10/21/2022Price change$105,000-12.5%$42/sqft
    Source: Realcomp II #20221043342 Report a problem
    9/19/2022Listed for sale$120,000+73.2%$48/sqft
    Source: Realcomp II #20221043342 Report a problem
    5/25/2021Sold$69,300+131%$28/sqft
    Source: Public Record Report a problem
    8/4/2020Sold$30,000+0.3%$12/sqft
    Source: Public Record Report a problem
    7/8/2020Pending sale$29,900$12/sqft
    Source: The Loft Warehouse #219124747 Report a problem
    7/3/2020Price change$29,900-12.1%$12/sqft
    Source: The Loft Warehouse #219124747 Report a problem
    7/2/2020Pending sale$34,000$14/sqft
    Source: The Loft Warehouse #219124747 Report a problem
    6/24/2020Price change$34,000-14.8%$14/sqft
    Source: The Loft Warehouse #219124747 Report a problem
    6/11/2020Price change$39,900-18.6%$16/sqft
    Source: The Loft Warehouse #219124747 Report a problem
    2/6/2020Pending sale$49,000$20/sqft
    Source: Berkshire Hathaway Home Services The Loft Warehouse #219124747 Report a problem
    1/28/2020Listed for sale$49,000$20/sqft
    Source: Berkshire Hathaway HomeServices The Loft Warehouse #219124747 Report a problem
    1/20/2020Pending sale$49,000$20/sqft
    Source: Berkshire Hathaway Home Services The Loft Warehouse #219124747 Report a problem
    1/9/2020Listed for sale$49,000+553.3%$20/sqft
    Source: Berkshire Hathaway HomeServices The Loft Warehouse #219124747 Report a problem
    2/11/2019Listing removed$7,500$3/sqft
    Source: Owner Report a problem
    11/13/2018Price change$7,500-25%$3/sqft
    Source: Owner Report a problem
    11/25/2017Price change$10,000-16.7%$4/sqft
    Source: Owner Report a problem
    8/28/2017Listed for sale$12,000$5/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $300
    2024-- $300
    2023-- $300
    2022-- $300
    2021-- $300
    2020$15 -43.4%$300
    2019$26 $300
    2018$26 $300
    2017-- $300 -92.5%
    2016$1,218 $4,000
    2015$1,218 +2.5%$4,000 -78.6%
    2013$1,188 -2.4%$18,703 -31.8%
    2010$1,218 $27,421 -12%
    2009-- $31,160 -13.5%
    2008-- $36,023
    2007-- $36,023 +5.5%
    2005$119 $34,145 +3%
    2004-- $33,150
    Find assessor info on the county website

    Neighborhood: Chandler Park-Chalmers

    Nearby schools

    GreatSchools rating
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