Last Sold Price
6 beds2,176 sqft$59/sqft
240-242 Alter Road,Ā Detroit, MIĀ 48215

Description

Excellent investment opportunity South of Jefferson in the rapidly appreciating Jefferson Chalmers neighborhood! Rare 2 unit townhouse style building with both with separate tax lots and meters! 3 bedroom townhouses with 1 full bath, 1 half bath, private basements, separate entrances, separate gas, electric, and water meter for each townhouse allowing a tenant to be responsible for 100% of utilities! Excellent layout and large bedrooms. Beautiful original hardwood floors throughout ready to be refinished....Excellent investment opportunity South of Jefferson in the rapidly appreciating Jefferson Chalmers neighborhood! Rare 2 unit townhouse style building with both with separate tax lots and meters! 3 bedroom townhouses with 1 full bath, 1 half bath, private basements, separate entrances, separate gas, electric, and water meter for each townhouse allowing a tenant to be responsible for 100% of utilities! Excellent layout and large bedrooms. Beautiful original hardwood floors throughout ready to be refinished. Priced attractively to accommodate the need for a new roof and other improvements/ TLC. Sold "As is". Located steps from Coriander Kitchen & Farm- Detroit's hottest restaurant, Detroit River Sports, and Grosse Pointe Park.
LISTING CLOSED: 03/17/2022 12:00 AM

Property Details for 240-242 Alter Road

Status
MLS #
2210089454
Days on Market
14
Taxes
$1,012 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1946
Lot Size
0.08 AC / 3,484 SF
Subdivision Name
WINDMILL POINTE SUB (ALSO P6) (PLATS)
Architectural Style
Colonial
Waterfront
No
Zoning Description
Multi-Family

Recent comparable sales

Median sold price

$140,000

Avg days on market

89

Sale-to-list ratio

87.3%

Detroit, MI

9 comparable properties found

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Square Feet
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Square Feet
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Acres
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Square Feet
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Square Feet
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Acres
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Square Feet
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Acres
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Square Feet
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Location

Listing Courtesy of Jim Saros Real Estate Services

Sold By Jim Saros Real Estate Services

Add your commute

Building Information for 240-242 Alter Road

Stories-Residences2Year Built1946Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$740 per month

30 year fixed, 6.55% Interest

Principal and Interest

$656

Property Taxes

$84

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 240-242 Alter Road

Summary
Location and General Information
  • Directions: Take jefferson to alter and turn right.
  • Latitude: 42.363544
  • Longitude: -82.931638
  • Cross Street: S of Jefferson/E of Alter
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: W21I062619S001
  • Tax Amount Summer: $929.00
  • Tax Amount Winter: $83.00
  • Tax Annual Amount: $1,012.00
  • Tax Assessed Value: $8,853.00
  • Tax Legal Description: E ALTER S 25 FT 94 WINDMILL POINTE SUB L37 P5 PLATS, W C R 21/521 25 X 135
  • Tax Other Annual Assessment Description: 240
School Information
  • High School District: Detroit
Property
Lot Information
  • Frontage Length: 35.0
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Dimensions: 25.00X135.00
  • Encroachment: No
  • Lot Size Units: Acres
  • Road Frontage Feet: 35
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • State Equalized Value: 16300.0
  • Living Area: 2176.0
  • Building Area Total: 2176.0
  • Above Grade Finished Area: 2176.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 600.0
  • Below Grade Total Area Units: Square Feet
  • Class Name: Residential Income
  • Living Area Source: Other
  • Living Area Units: Square Feet
  • Year Built: 1946
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Block
  • Levels: Two
  • Stories Total: 2
Utilities
  • Sewer: Sewer At Street
  • Utilities: Water Available
  • Water Source: Waterat Street
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 2.2
  • Appliances: Gas Water Heater
  • Basement: Private, Unfinished
  • Has Basement: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 4
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Water Heater Fuel: Natural Gas
  • UnitThreeBedNumberOf: 2
Multi Family
Multi Family Information
  • Number of Units Total: 2
  • Unit Records: 2
Income & Expenses
  • Gross Scheduled Income: $26,400.00
  • Net Operating Income: $19,800.00
Unit Information
Unit 1
  • Actual Rent: $1,100.00
  • Total Bathrooms: 1
  • Type: Three Bedroom
Unit 2
  • Actual Rent: $1,100.00
  • Total Bathrooms: 1
  • Type: Three Bedroom
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $2,200.00
  • Existing Lease: No
  • Pets Allowed: Call
  • Rent Spree: No

Property History for 240-242 Alter Road

DateEvent & SourcePriceAppreciation
Mar 17, 2022

Sold

Realcomp #2210089454

$129,000—
Mar 17, 2022

Sold

MiRealSource #40249440

$129,000—
Nov 9, 2021

Contract Signed

Realcomp #2210089454

—
DateEvent & SourcePrice
03/17/2022

Sold

Realcomp #2210089454

$129,000
03/17/2022

Sold

MiRealSource #40249440

$129,000
11/09/2021

Contract Signed

Realcomp #2210089454

—

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

Schools near 240-242 Alter 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

Carstens Elementary-Middle 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 240-242 Alter Road, Detroit, MI 48215
$129,000
6
2,176
3,484
–
–
1,088
3,485
–
–
1,088
3,485
$20,000
–
1.5
1,619
6,970
$22,000
–
–
–
6,970
–
–
–
–
6,970

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 Jim Saros Real Estate Services

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