16502 East Eight Mile Road

Sold 1/13/17
Sold 1/13/17
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Last Sold Price
$37,500
2 beds972 sqft$39/sqft
16502 East Eight 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 • Brokerage DRE #348751BR0025 • Coldwell Banker Weir Manuel-GPF
    P: (313) 886-4200 C: (313) 300-7905 swedelittle@yahoo.com

Property Details for 16502 East Eight Mile Road

Status
Sold
MLS #
216085336
Days on Market
117
Taxes
$2,531 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income / Multi Family
Year Built
1950
Lot Size
0.14 AC / 6,098 SF
County
Wayne County
Subdivision Name
TEPPERTS GOLF PARK (PLATS)
Architectural Style
Duplex
Waterfront
No
Zoning Description
Residential

Recent comparable sales

Median sold price

$40,000

Avg days on market

44

Sale-to-list ratio

80.6%

Detroit, MI

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Location

Listing Courtesy of Coldwell Banker Weir Manuel-GPF

Sold By Charlene Little Real Estate Broker

Add your commute

Building Information for 16502 East Eight Mile Road

Stories-Residences2Year Built1950Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

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$402 per month

30 year fixed, 6.55% Interest

Principal and Interest

$191

Property Taxes

$211

HOA Dues

$0

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Property Information for 16502 East Eight Mile Road

Summary
Location and General Information
  • Directions: North of Carlisle; West of Kelly Rd.
  • Latitude: 42.449901
  • Longitude: -82.949255
  • Cross Street: N of Carlisle/W of Kelly Rd.
  • MLS Area Major: Area05054Det8To Gratiot Houston To7
Taxes and HOA
  • Parcel Number: W21I027898C9
  • Tax Amount Summer: $2,295.00
  • Tax Amount Winter: $236.00
  • Tax Annual Amount: $2,531.00
  • Tax Legal Description: S EIGHT MILE RD E W 8 FT 32 33&34 E 6 FT 35 AND N 10 FT OF VAC ALLEY ADJ TEPPERTS GOLF PARK SUB L55 P18 PLATS, W C R 21/880 54 X 110
School Information
  • High School District: Detroit
Parking
  • Parking Features: Assigned, Garage
Property
Lot Information
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Dimensions: 54.00X110.00
  • Encroachment: No
  • Lot Size Units: Acres
  • Road Frontage Type: Paved
Property and Assessments
  • Living Area: 972.0
  • Above Grade Finished Area: 972.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 972.0
  • Below Grade Total Area Units: Square Feet
  • Class Name: Residential Income
  • Living Area Source: Other
  • Living Area Units: Square Feet
  • Year Built: 1950
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Block
  • Levels: One
  • Roof: Asphalt
Utilities
  • Sewer: Sewer At Street
  • Utilities: Cable Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 2.2
  • Basement: Daylight, Private, Unfinished
  • Has Basement: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 4
  • Cooling: Wall Units
  • Has Cooling: Yes
  • Heating: Forced Air, Natural Gas, Separate Meters
  • Has Heating: Yes
  • Water Heater Fuel: Natural Gas, Separate Meters
  • UnitOneBedNumberOf: 2
Exterior Features
  • Community Features: Sidewalks
  • Patio And Porch Features: Porch
Multi Family
Multi Family Information
  • Number of Units Leased: 2
  • Number of Units Total: 2
Income & Expenses
  • Gross Scheduled Income: $13,200.00
  • Net Operating Income: $9,000.00
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $1,100.00
  • Rent Includes: Trash Collection, Yard Maintenance

Property History for 16502 East Eight Mile Road

DateEvent & SourcePriceAppreciation
Jan 13, 2017

Sold

Realcomp #216085336

$37,500—
Jan 2, 2017

Contract Signed

Realcomp #216085336

—
Dec 28, 2016

Listed (Active)

Realcomp #216085336

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

Sold

Realcomp #216085336

$37,500
01/02/2017

Contract Signed

Realcomp #216085336

—
12/28/2016

Listed (Active)

Realcomp #216085336

$49,000

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

Schools near 16502 East Eight Mile Road

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Bates Academy
Public - PK to 8
Foreign Language Immersion And Cultural Studies
Public - PK to 8
Fisher Magnet
Public - PK to 8
Detroit International Academy For Young Women
Public - PK to 12
Rating
School
Distance
Bates Academy
PublicPK to 8

Foreign Language Immersion And Cultural Studies
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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 16502 East Eight Mile Road, Detroit, MI 48205
$37,500
2
972
6,098
16502 East Eight Mile, Detroit, MI 48205
$14,000
2
972
5,940
16494 East 8 Mile Road, Detroit, MI 48205
–
–
1
475
3,049
16502 East 8 Mile Road, Detroit, MI 48205
$37,500
–
972
6,098
16490 East 8 Mile Road, Detroit, MI 48205
$36,000
–
1
475
3,049
16512 East 8 Mile Road, Detroit, MI 48205
–
–
1
487
3,049

Explore Nearby Homes

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Listing Courtesy of Coldwell Banker Weir Manuel-GPF

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