15 days on rocket

14800 E Vernor, Detroit, MI, 48215

$595,000

Home List Price

$7,066*

Closing Credit

9 Full Baths
5,600 SqFt
$106/SqFt
Multi
Schools Nearby

Location

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14800 E Vernor, Detroit$595,000

Buyer Closing Credits

$7,066*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1925
HeatingNatural Gas, Hot Water, Radiant, Steam
BasementYes
MLS #20240029767
Lot Size0.07 Acres
StatusActive

About 14800 E Vernor

Incredibly well located Pre War Brick Multifamily adjacent to Grosse Pointe Park. Aside from being in the direct path of rapid development, this building has the benefits of being WALKABLE to downtown Grosse Pointe Park areas for shopping, dining and services but without the hefty taxes. It is also close to bus stops and bike lanes for access to new retail development on Jefferson and Mack. 6 fully updated units with appliances. Five occupied with section 8 and private one year leases. 2022-2023 updates include 68 replacement windows , 75 Gallon hot water heater, exterior improvements, glass block basement windows, 2 sets of card operated laundry machines, actively serviced & maintained sewer and water lines, individual meters and professionally managed. Take advantage of this land contract opportunity to add large potential to your growing portfolio. The hard work is done, own 9 doors under one roof with the chance to place your own new tenants, and pick up the recent capital improvements with your own basic maintenance program. Smart investors don't wait to buy multifamily buildings, they buy multifamily and wait. Adjacent parcel(s) DLBA BATVAI

Property Details

Property Features

Property Information:

  • Architectural Style: Common Entry Building, Other, Upper/Lower Apartment
  • Year Built: 1925
  • Stories: 3
  • Living Area: 5,600 SqFt

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (313) 277-7777
  • Listing Agent: Heather Dell

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Smoke Alarm, Carbon Monoxide Alarm(s), Egress Window(s), ENERGY STAR® Qualified Window(s), Other, High Spd Internet Avail, Laundry Facility, Programmable Thermostat

Bedroom and Bathroom Information:

  • Full Bathrooms: 9

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water, Radiant, Steam

Other

Directions Information:

  • Directions: East Vernor west of Alter and north of Kercheval

Price Information

Listing Price Info

Price Summary:

  • List Price: $595,000
  • Price Per SqFt: $106/SqFt
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

14800 E Vernor vs Detroit

15 DAYS ON ROCKET

-30 Days

$595,000

+$513.9K More

$106/SqFt

+$35 More

KEY TAKEAWAY

This property is $513.9K more than the Median Sold Price and $35/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240029767

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (313) 277-7777
  • Listing Agent: Heather Dell

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/18/2024, 6:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,037

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,850

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3423893
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 0.41 miles

  • Public District Grades KG-5

school-card-donut-3423894
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 2.17 miles

  • Public Charter Grades KG-5

school-card-donut-3423895
1
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 3.51 miles

  • Public Magnet Grades 4-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,116. Typical income of Detroit, MI residents is less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48215›14800 E Vernor

This home is located at 14800 E Vernor in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 5,600 square foot home, which was built in 1925, sits on a 0.07 acre lot. Features: 9 bathrooms. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $595,000.

In April 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 243 sold below and more than 89 were sold right at the asked price. The inventory of homes for sale in Detroit, MI between March 2024 and April 2024 increased by 12.7%. Listings spent 45 days on the market in April 2024, and had a median list price of $81,036 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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