Last Sold Price
972 sqft$39/sqft
16502 East 8 Mile Road, Detroit, MI 48205

Description

Very nice Brick Duplex with great income potential. 1 Bedroom each with full basement. Hardwood floors in both units are rented with 1 becoming vacant on October 1, 2016. Stove, Refrigerator, Washer and Dryer stay in both units. Close to Shopping, I-94 and Public Transportation. Fenced in backyard and separate driveways. Rent per unit $550.00 plus all utilities. Great investment opportunity in Detroit. Sale includes both 16500 and 16502. Seller will sell two more duplexes 16414 and 16418 as well...Very nice Brick Duplex with great income potential. 1 Bedroom each with full basement. Hardwood floors in both units are rented with 1 becoming vacant on October 1, 2016. Stove, Refrigerator, Washer and Dryer stay in both units. Close to Shopping, I-94 and Public Transportation. Fenced in backyard and separate driveways. Rent per unit $550.00 plus all utilities. Great investment opportunity in Detroit. Sale includes both 16500 and 16502. Seller will sell two more duplexes 16414 and 16418 as well as 16500 and 16502 for $120,000.
LISTING CLOSED: 01/13/2017 12:00 AM

  1. Listed by Maria Little • Coldwell Banker Professionals-GPF
    P: (313) 300-7905 mariaclittle@gmail.com

Property Details for 16502 East 8 Mile Road

Status
MLS #
21208470
Days on Market
130
Taxes
$2,531 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1950
Lot Size
0.14 AC / 6,098 SF
Architectural Style
1 Story
Subdivision Name
TEPPERTS GOLF PARK (PLATS)
Has Waterfront
No
Zoning Description
Residential

Location

Listing Courtesy of Coldwell Banker Professionals-GPF

Sold By LPS

Add your commute

Building Information for 16502 East 8 Mile Road

Stories1Residences2Year Built1950Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$402 per month

30 year fixed, 6.55% Interest

Principal and Interest

$191

Property Taxes

$211

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 16502 East 8 Mile Road

Summary
Location and General Information
  • Cross Street: Carlisle
  • Directions: North of Carlisle; West of Kelly Rd.
  • Latitude: 42.449908
  • Longitude: -82.949262
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: W21I027898C9
  • Tax Annual Amount: $2,531.00
Property
Lot Information
  • Lot Size Acres: 0.14
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 972.0
  • Building Area Total: 972.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1950
Building Features
  • Construction Materials: Brick
  • Total Stories: 1
Utilities
  • Utilities: Natural Gas Available, Cable Available, Sewer Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Porch
Interior Features
  • Appliances: Gas Water Heater
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4
  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Water Heater: Gas
Multi Family
Multi Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Net Operating Income: $9,000

Property History for 16502 East 8 Mile Road

DateEvent & SourcePriceAppreciation
Jan 13, 2017

Sold

MiRealSource #21208470

$37,500
Jan 1, 2017

Contract Signed

MiRealSource #21208470

Dec 28, 2016

Listed (Active)

MiRealSource #21208470

$49,000
DateEvent & SourcePrice
01/13/2017

Sold

MiRealSource #21208470

$37,500
01/01/2017

Contract Signed

MiRealSource #21208470

12/28/2016

Listed (Active)

MiRealSource #21208470

$49,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 16502 East 8 Mile Road

Taxable ValueLand-Additions-Total-
Tax Record2025$1,440 ($120 / month)
Home Facts
Baths2Total Finished SqFt972 SqFtAbove Grade Finished SqFt972 SqFtStories1Lot Size6,098 SqFtStyleDuplexYear Built1950Year Renovated1950ZoningR2CountyWAYNEAPN21027898-9

Schools near 16502 East 8 Mile Road

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 12
Rating
School
Distance
Bates Academy
PublicPK to 8

Fisher Magnet
PublicPK to 8

Detroit International Academy For Young Women
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Professionals-GPF

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.