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Sold for $350,000
  • $350,000

    8762 Epworth St, Detroit, MI 48204

    8beds
    2,970sqft
    Multi Family
    Built in 1924
    -- sqft lot
    $322,100 Zestimate®
    $118/sqft
    $1,214 Estimated rent

    Home value

    $322,100

    $277,000 - $364,000

    $1,214/mo

    Zestimate® history
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    What's special

    WELCOME TO 8762 EPSWORTH, DETROIT, MI – AN INCREDIBLE INVESTMENT OPPORTUNITY IN THE HEART OF THE CITY! THIS 4-UNIT MULTIFAMILY HOME FEATURES 2 BEDROOMS AND 1 BATHROOM IN EACH UNIT. IMAGINE THE POTENTIAL FOR PASSIVE INCOME WITH AN ESTIMATED $5,200 PER MONTH IN RENTS, TOTALING AN IMPRESSIVE $62,400 ANNUALLY. THIS PROPERTY IS A SAVVY INVESTOR'S DREAM, PROVIDING AN EXCELLENT RETURN ON INVESTMENT. THIS MULTIFAMILY GEM IS NOT JUST ABOUT NUMBERS; IT'S ABOUT LIFESTYLE TOO. THE STRATEGIC LOCATION PUTS YOU JUST 7 MINUTES AWAY FROM DOWNTOWN DETROIT, MAKING IT AN IDEAL CHOICE FOR THOSE WHO VALUE CONVENIENCE AND ACCESSIBILITY. SITUATED RIGHT OFF THE FREEWAY, COMMUTING BECOMES A BREEZE, OFFERING EASY ACCESS TO ALL THAT THE CITY HAS TO OFFER. ONE OF THE UNIQUE FEATURES OF THIS PROPERTY IS ITS SUITABILITY FOR HOUSE HACKING. LIVE IN ONE UNIT AND LET THE OTHER THREE UNITS CONTRIBUTE TO YOUR MORTGAGE OR PROVIDE A STEADY STREAM OF RENTAL INCOME. IT'S A SMART WAY TO MAKE YOUR HOUSING EXPENSES WORK FOR YOU. THE PROPERTY HAS UNDERGONE EXTENSIVE RENOVATIONS WITH ALL NECESSARY PERMITS PULLED. THE ENTIRE BUILDING HAS BEEN REFRAMED, ENSURING STRUCTURAL INTEGRITY AND LONGEVITY. UPGRADES INCLUDE NEW PLUMBING, HEATING, AND COOLING SYSTEMS, AS WELL AS ELECTRICAL IMPROVEMENTS. THE INTERIOR BOASTS TOP-OF-THE-LINE FINISHES, INCLUDING GRANITE COUNTERTOPS, PROVIDING A TOUCH OF LUXURY TO EACH UNIT. ENJOY THE BENEFITS OF MODERN LIVING WITH HIGH-EFFICIENCY FURNACES, ENSURING COMFORT WHILE KEEPING UTILITY COSTS IN CHECK. DON'T MISS OUT ON THIS FANTASTIC OPPORTUNITY TO INVEST IN A TURNKEY PROPERTY THAT COMBINES MODERN AMENITIES WITH A PRIME LOCATION. WHETHER YOU'RE A SEASONED INVESTOR OR LOOKING TO START YOUR REAL ESTATE JOURNEY, 8762 EPSWORTH IS A MUST-SEE. SCHEDULE YOUR VIEWING TODAY AND MAKE YOUR MARK ON THE DETROIT REAL ESTATE SCENE!

    Zillow last checked:

    Listing updated:

    Listed by:

    Marta Kopania 734-301-6553,

    1st Michigan Real Estate

    Bought with:

    Whitney Myers, 6501428724

    EXP Realty Main

    Source: Realcomp II,MLS#: 20230105313MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced Air, Natural Gas
    Features
    • Basement: Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,970 sqft
    • Finished area above ground: 2,970

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 5,227 sqft
    • Dimensions: 35.00 x 143.00
    Details
    • Parcel number: W16I014866S
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Quadruplex
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Basement, Block
    Condition
    • New construction: No
    • Year built: 1924
    • Major remodel year: 2023

    Utilities & green energy

    • Sewer: Sewer At Street
    • Water: Waterat Street

    Community & neighborhood

    Location
    • Region: Detroit
    • Subdivision: DAILEY PARK SUB (PLATS)

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    9/13/2024Sold$350,000$118/sqft
    Source: Realcomp II #20230105313 Report a problem
    8/1/2024Price change$350,000-6.7%$118/sqft
    Source: Realcomp II #20230105313 Report a problem
    7/22/2024Price change$375,000-8.5%$126/sqft
    Source: Realcomp II #20230105313 Report a problem
    7/1/2024Listing removed--
    Source: Zillow Rentals Report a problem
    6/22/2024Listed for rent$1,100
    Source: Zillow Rentals Report a problem
    6/21/2024Listing removed--
    Source: Zillow Rentals Report a problem
    6/11/2024Listed for rent$1,100
    Source: Zillow Rentals Report a problem
    6/11/2024Listing removed--
    Source: Zillow Rentals Report a problem
    3/19/2024Price change$410,000-2.4%$138/sqft
    Source: Realcomp II #20230105313 Report a problem
    3/9/2024Price change$420,000-1.2%$141/sqft
    Source: Realcomp II #20230105313 Report a problem
    2/20/2024Pending sale$425,000$143/sqft
    Source: Realcomp II #20230105313 Report a problem
    1/16/2024Price change$425,000-5.6%$143/sqft
    Source: Realcomp II #20230105313 Report a problem
    1/11/2024Listed for rent$1,100
    Source: Zillow Rentals Report a problem
    12/22/2023Listed for sale$450,000+1223.5%$152/sqft
    Source: Realcomp II #20230105313 Report a problem
    11/18/1997Sold$34,000$11/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $500
    2024-- --
    2023-- --
    2022-- --
    2021-- --
    2020-- --
    2019-- --
    2018-- --
    2017-- --
    2016$866 --
    2015$866 --
    2013$866 --
    2010$866 $7,700 -12%
    2009-- $8,750 -10.5%
    2008-- $9,776
    2007-- $9,776 +5.5%
    2005$112 $9,266 +3%
    2004-- $8,996 +9%
    2001$687 +9.4%$8,250 +2.5%
    2000$628 $8,050

    Find assessor info on the county website

    Neighborhood: Midwest

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $322,100
    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
    $322,100