1408 Lee Pl $600,000


    1408 Lee Pl Detroit, MI 48206

    • 39 Beds
    • 39 Baths
    • 19,686 sq. ft.
    • Multi-Family
    • MLS# 50031398
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    Views: 111 Days On Site: 218

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    Property Details

    Enormous potential with this 29 unit apartment complex located adjacent to Virginia Park and across the street to the Creative Commerce Campus. This area is right in the middle of the revitalization area of Detroit. Now is your chance to be a part of it.

    • General Features
      • Acreage 0.21
      • Area Municipality Detroit (82001)
      • Bedrooms 39
      • County Wayne
      • Originating MLS East Central Association of REALTORS
      • Ownership Private
      • Structure Style 2
      • Subdivision Barbers Sub
      • Waterfront Y/N No
      • Year Built 1924
    • Building Features
      • Basement Type Finished
      • Foundation Type Basement
      • FUEL TYPE Natural Gas
    • Property Features
      • LOT DESCRIPTION Large Lot - 65+ Ft.
      • Sewer Septic Public Sanitary
      • Roads City/County
      • Lot Size 96 x 95
      • PARKING 3 or More Spaces
      • Water Public Water
    • Schools
      • School District Detroit City School District


    Sean Franulic

    Sean Franulic

    Sales Associate

    RE/MAX Platinum

    Cell: 313-213-3724


    48206 (Detroit) Demographics

    36 Median Age
    5,774 Population Density (per sq. mile)
    19% College Educated
    $22,375 Estimated Median Income
    3,004 Estimated Total Home Owners
    3,585 Estimated Total Renters
    46% / 54% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    18,049 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $155,173 Median Sales Price
    6 Homes Sold
    10 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $600,000
        5/27/2021 10:19:55 AM Status Changed Source: Multiple Listing Service New Value: Pending
        2/14/2021 12:04:51 PM Price Reduced Source: Multiple Listing Service New Value: $600,000 -40%
        12/30/2020 2:36:00 PM New in Database Source: Multiple Listing Service New Value: $1,000,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the MI Realsource Michigan Multiple Listing Service. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.