Sold
Last Sold Price
16 beds12,645 sqft
22320 West Seven Mile Road, Detroit, MI 48219
Multi FamilyProperty Type
0.37 acresLot Size
1966Year Built
$76/sq ftPrice per sq ft

Description

Remarkably clean and well maintained 16 unit apartment building in an up and coming area of NW Detroit. Truly turn key opportunity with many units occupied by long term tenants. All city inspections and rental certifications complete! Amenities include laundry room and gated parking lot. Across the street from the former Rogell golf course, recently purchased by the city of Detroit for 1.94 million. Opportunity Zone!Remarkably clean and well maintained 16 unit apartment building in an up and coming area of NW Detroit. Truly turn key opportunity with many units occupied by long term tenants. All city inspections and rental certifications complete! Amenities include laundry room and gated parking lot. Across the street from the former Rogell golf course, recently purchased by the city of Detroit for 1.94 million. Opportunity Zone!
  • Listed by: Benjamin Ness 248.736.1175 benness313@gmail.com Brokerage DRE #6505412060 • Alexander Real Estate Detroit, LLC
  • Listed by: Alex Lauer 313.974.1830 alexclauer@gmail.com Brokerage DRE #6505412060 • Alexander Real Estate Detroit, LLC
Listing closed: 11/02/2020 12:00 AM • Source: Realcomp, MLS#: 219105839

Location

Listing Courtesy of Alexander Real Estate Detroit, LLC

Sold By KW Professionals

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Payment Calculator

$5,425 per month

30 year fixed, 6.71% Interest

Principal and Interest

$4,935

Property Taxes

$490

HOA Dues

$0

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Property Information for 22320 West Seven Mile Road

Property Details
  • Taxes: $5,878 / year
  • MLS Type: Residential Income / Multi Family
  • County: Wayne County
  • Subdivision Name: REDFORD HOME ACRES (PLATS )
  • Architectural Style: Other
  • Waterfront: No
  • Zoning Description: Residential
Building Information
  • Residences: 16
  • Year Built: 1966
  • Lot Size: 0.37 AC / 16,117 SF
Summary
Location and General Information
  • Directions: From Lahser...W on 7 Mile
  • Latitude: 42.429458
  • Longitude: -83.262287
  • Cross Street: N of 7 Mile/W of Lahser
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: W22I016820S
  • Tax Amount Summer: $5,256.00
  • Tax Amount Winter: $622.00
  • Tax Annual Amount: $5,878.00
  • Tax Assessed Value: $66,962.00
  • Tax Legal Description: N W SEVEN MILE S145 FT 18 REDFORD HOME ACRES SUB L32 P5 PLATS, W C R 22/365 125.5X127.42A
  • Tax Other Annual Assessment Description: 100
School Information
  • High School District: Detroit
Property
Lot Information
  • Lot Size Acres: 0.37
  • Lot Size Area: 0.37
  • Lot Size Dimensions: 125.50X127.40
  • Encroachment: No
  • Lot Size Units: Acres
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • State Equalized Value: 70600.0
  • Living Area: 12645.0
  • Building Area Total: 12645.0
  • Above Grade Finished Area: 12645.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 4000.0
  • Below Grade Total Area Units: Square Feet
  • Class Name: Residential Income
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Year Built: 1966
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Block
  • Levels: Three
Utilities
  • Sewer: Sewer At Street
  • Utilities: Natural Gas Available, Sewer Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 16.0
  • Basement: Private
  • Has Basement: Yes
  • Bathrooms Full: 16
  • Bathrooms Total Integer: 16
  • Heating: Natural Gas, Radiant
  • Has Heating: Yes
  • UnitOneBedNumberOf: 16
Multi Family
Multi Family Information
  • Number of Units Leased: 14
  • Number of Units Total: 16
Income & Expenses
  • Gross Scheduled Income: $100,800.00
  • Net Operating Income: $79,000.00
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $600.00

Property History for 22320 West Seven Mile Road

DateEvent & SourcePriceAppreciation
Nov 2, 2020

Sold

MiRealSource #30774565

$955,000
Nov 2, 2020

Sold

Realcomp #219105839

$955,000
Oct 30, 2020

Sold (Public Record)

Public Record #688727115

$955,000
DateEvent & SourcePrice
11/02/2020

Sold

MiRealSource #30774565

$955,000
11/02/2020

Sold

Realcomp #219105839

$955,000
10/30/2020

Sold (Public Record)

Public Record #688727115

$955,000

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

Public Records for 22320 West Seven Mile Road

Taxable ValueLand-Additions-Total-
Tax Record2025$12,799 ($1,067 / month)
Home Facts
Total Finished SqFt8,352 SqFtAbove Grade Finished SqFt8,352 SqFtUnfinished Basement SqFt6,323 SqFtStories2Lot Size16,117 SqFtStyleMulti-Family Dwelling (2-4)Year Built1966Year Renovated1966ZoningB4CountyWAYNEAPN22016820.

Schools near 22320 West Seven 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

Wright Charles School
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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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 Alexander Real Estate Detroit, LLC

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