Great opportunity to invest into a 3100 sqft, multi-family, 2 stories with 4 units. Each unit is rented out making a strong profit. All units are the same size and they include a large 1 bedroom, an open kitchen, a large living room, and a full bath. The full INVESTMENT brings in $28,000/ per year at around an 8% cap. And the rent could be increased. Seller is motivated and will consider all offers including land contract deals. Hurry and take advantage of this income property in East Dearborn in a great area. It won't last long. This 4 unit apartment building also includes a large basement. In addition, each unit is updated up to city code and behind the building are 4 spacious parking lots for the tenants.
Sold for $200,000
$200,000
5940 Appoline St, Dearborn, MI 48126
--beds
3,052sqft
MultiFamily
Built in 1927
-- sqft lot
$341,800 Zestimate®
$66/sqft
$1,434 Estimated rent
Home value
$341,800
$304,000 - $383,000
$1,434/mo
Zestimate® history
Owner options
List your home for rent
$1,434/mo
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$1,434/mo
Rent Zestimate®
Refinance and save
$1,452/mo
Est. payment
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$1,452/mo
Est. payment
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List your homeWhat's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced air, Gas
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 3,052 sqft
- Finished area below ground: 1526
Property
Parking
- Total spaces: 4
Features
- Patio & porch: Porch, Porch - Covered
- Exterior features: Brick
- Fencing: Fenced
- Frontage length: Frontage Feet: 36
Lot
- Size: 4,791 Square Feet
Details
- Parcel number: 32100832100400
- Zoning description: Residential
- Special conditions: Sale
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Split Level, Upper/Lower Apartment
Materials
- Roof: Asphalt
Condition
- Year built: 1927
Utilities & green energy
- Gas: Natural Gas
- Sewer: Sewer-Sanitary
- Water: Municipal Water
Community & HOA
Location
- Region: Dearborn
Financial & listing details
- Price per square foot: $66/sqft
- Tax assessed value: $164,100
- Exclusions: No Exclusions
- Total actual rent: 600
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/7/2023 | Sold | $200,000-16.7%$66/sqft |
Source: Public Record Report a problem | ||
| 2/14/2020 | Sold | $240,000-9.4%$79/sqft |
Source: Agent Provided Report a problem | ||
| 2/1/2020 | Pending sale | $265,000$87/sqft |
Source: KW Legacy #2200005383 Report a problem | ||
| 1/21/2020 | Price change | $265,000-3.6%$87/sqft |
Source: Keller Williams Legacy #2200005383 Report a problem | ||
| 12/16/2019 | Listed for sale | $275,000+511.1%$90/sqft |
Source: Owner Report a problem | ||
| 6/12/2008 | Sold | $45,000$15/sqft |
Source: Public Record Report a problem | ||
| 5/22/2007 | Sold | $45,000-78.1%$15/sqft |
Source: Public Record Report a problem | ||
| 3/30/2006 | Sold | $205,309+645.2%$67/sqft |
Source: Public Record Report a problem | ||
| 11/29/1999 | Sold | $27,551$9/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $164,100 +6.3% |
| 2024 | -- | $154,400 +5.3% |
| 2023 | -- | $146,600 +12.8% |
| 2022 | -- | $130,000 +8.8% |
| 2021 | -- | $119,500 |
| 2020 | $6,080 +42.8% | $119,500 +16.9% |
| 2019 | $4,258 | $102,200 +10.6% |
| 2018 | $4,258 | $92,400 +12.7% |
| 2017 | -- | $82,000 +4.3% |
| 2016 | -- | $78,600 +27.3% |
| 2015 | -- | $61,750 +13.3% |
| 2013 | $5,450 | $54,500 -9% |
| 2011 | -- | $59,900 -42.2% |
| 2008 | -- | $103,600 -2% |
| 2007 | -- | $105,700 |
| 2005 | -- | $105,700 +3% |
| 2003 | $4,411 +6.4% | $102,600 +34.6% |
| 2001 | $4,146 +3.2% | $76,242 +3.2% |
| 2000 | $4,019 | $73,878 |
Find assessor info on the county website
Neighborhood: Hemlock
Nearby homes
- $--1 bd1 ba800 sqft5940 Appoline St #2, Dearborn, MI 48126Off Market
- $--1 bd1 ba800 sqft5940 Appoline St #3, Dearborn, MI 48126Off Market
- $---- bd-- ba3k sqft5940 Appoline St, Detroit, MI 48228Off Market
- $204,7003 bd1 ba1.3k sqft5928 Appoline St, Dearborn, MI 48126Off Market
- $384,4004 bd4 ba3k sqft5942 Appoline St, Dearborn, MI 48126Off Market
- $238,8003 bd1 ba1.4k sqft5950 Appoline St, Dearborn, MI 48126Off Market
- $296,7004 bd3 ba1.5k sqft5914 Appoline St, Dearborn, MI 48126Off Market
- $--1 bd1 ba750 sqft5936 Appoline Ave #3, Dearborn, MI 48126Off Market
Nearby schools
GreatSchools rating
- 7/10Lowrey Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 7/10Lowrey Middle SchoolGrades: 6-8Distance: 0.6 mi
- 6/10Fordson High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- District: Dearborn
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$341,800
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
$341,800
- Michigan
- Wayne County
- Dearborn
- 48126
- Hemlock
- 5940 Appoline St
Nearby cities
Nearby neighborhoods
Nearby zip codes
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