638 SEWARD ST $550,000

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    638 SEWARD ST Detroit, MI 48202

    Sold
    SOLD 8/23/2021

    $550,000

    Market Estimate
    • 0 Beds
    • 4 Baths
    • 3,601 sq. ft.
    • Multi-Family
    • MLS# 40160190
    638 SEWARD ST, Detroit, MI 48202
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    Listing provided courtesy of: @Properties Detroit - 3132300510
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    Property Details

    Four-unit apartment building in New Center! The subject property offers an investor an opportunity to buy a great building and location with a current tenant occupied income stream.Tenants pay all water, electric, and gas bills. Opportunity Zone- this project would work well to condo convert and apply for the NEZ tax abatement. The large back parking lot allows a huge value add with the opportunity to build on. This location has great freeway access and closeby to many walkable conveniences.

    • General Features
      • COMMUNITY AMENITIES Some Pet Restrictions
      • Acreage 0
      • Area Municipality Detroit (82001)
      • County Wayne
      • Originating MLS RealComp
      • Ownership Private
      • Structure Style 2 Story
      • Styles Colonial
      • Waterfront Y/N No
      • Year Built 1902
      • ZONING Multi-Family
    • Building Features
      • Cooling System Central A/C
      • Exterior Construction Brick
      • FUEL TYPE Natural Gas
      • Foundation Type Basement
      • Heating System Forced Air
    • Property Features
      • Sewer Septic Public Sanitary
      • Roads Paved Street
      • Lot Size 50X175
      • PARKING On Street
      • Water Public Water
    • Schools
      • School District Detroit City School District

    Neighborhood

    48202 (Detroit) Demographics

    35 Median Age
    4,693 Population Density (per sq. mile)
    42% College Educated
    $28,768 Estimated Median Income
    2,184 Estimated Total Home Owners
    5,671 Estimated Total Renters
    28% / 72% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    15,611 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $160,000 Median Sales Price
    6 Homes Sold
    30 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        8/23/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $550,000
        Information is provided in part by the IDX program of the Great Lakes Repository. 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.