35422 Smith Road

Sold 3/14/19
Sold 3/14/19
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Sold
Last Sold Price
$225,000
15 beds6,438 sqft$35/sqft
35422 Smith Road, Romulus, MI 48174
Multi FamilyProperty Type
0.62 acresLot Size
1967Year Built
$35/sq ftPrice per sq ft
11 carsParking Spaces

Description

Attention investor! The owner of this 7 unit apartment complex in Romulus is retiring after 20 years of ownership! It as a mix of 2 Three Bedroom units, 4 Two Bedroom units and a One Bedroom unit. All units are metered separately for gas and electric and the landlord pays for the water & sewer. This location is excellent, being under 2 miles from the new Amazon Fulfillment Center and under 5 miles from Detroit Metropolitan Airport. The projected Cap Rate is 17.12%. Don't miss out on this opportunity....Attention investor! The owner of this 7 unit apartment complex in Romulus is retiring after 20 years of ownership! It as a mix of 2 Three Bedroom units, 4 Two Bedroom units and a One Bedroom unit. All units are metered separately for gas and electric and the landlord pays for the water & sewer. This location is excellent, being under 2 miles from the new Amazon Fulfillment Center and under 5 miles from Detroit Metropolitan Airport. The projected Cap Rate is 17.12%. Don't miss out on this opportunity. Property is being sold is "AS IS" condition. Needs some TLC. Do not approach the tenants! All information is estimated and should be verified.
  • Listed by: David D Misko 734.459.7570 ddmisko@gmail.com Brokerage DRE #6505293953 • Van Esley Real Estate Inc
Listing closed: 03/14/2019 12:00 AM • Source: Realcomp, MLS#: 219003214

Recent comparable sales

Median sold price

$200,000

Avg days on market

58

Sale-to-list ratio

90.7%

Romulus, MI

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Location

Listing Courtesy of Van Esley Real Estate Inc

Sold By Century 21 Premier

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$1,656 per month

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Principal and Interest

$1,144

Property Taxes

$512

HOA Dues

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Property Information for 35422 Smith Road

Property Details
  • Taxes: $6,144 / year
  • MLS Type: Residential Income / Multi Family
  • County: Wayne County
  • Architectural Style: Other
  • Waterfront: No
  • Zoning Description: Multi-Family
Building Information
  • Residences: 7
  • Year Built: 1967
  • Lot Size: 0.62 AC / 27,007 SF
Summary
Location and General Information
  • Directions: I-94 to Wayne Road, North on Wayne Road to property. Property is on the Northwest corner of Wayne Rd and Smith Rd
  • Latitude: 42.244693
  • Longitude: -83.386826
  • Cross Street: S of Ecorse Road/W of Wayne Road
  • MLS Area Major: Romulus (82121)
  • Direction Faces: North
Taxes and HOA
  • Parcel Number: 80032990005000
  • Tax Amount Summer: $4,928.00
  • Tax Amount Winter: $1,216.00
  • Tax Annual Amount: $6,144.00
  • Tax Legal Description: 08R2B1A PT OF SE 1/4 OF SEC 8 T3S R9E BEG AT E 1/4 COR OF SEC 8 TH DUE S 155 FT TH DUE W 234.34 FT TH DUE N 156.76 FT TH
School Information
  • High School District: Romulus
Parking
  • Parking Total: 11.0
  • Parking Features: Paved
Property
Lot Information
  • Frontage Length: 158.0
  • Lot Size Acres: 0.62
  • Lot Size Area: 0.62
  • Lot Size Dimensions: 158 X 158 X 163 X 158
  • Encroachment: No
  • Lot Size Units: Acres
  • Road Frontage Feet: 158
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • Living Area: 6438.0
  • Building Area Total: 6438.0
  • Above Grade Finished Area: 6438.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 3923.0
  • Below Grade Total Area Units: Square Feet
  • Class Name: Residential Income
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Year Built: 1967
Building Features
  • Construction Materials: Aluminum Siding, Brick
  • Foundation Details: Basement, Poured
  • Levels: Two
  • Stories Total: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 7.2
  • Appliances: Gas Water Heater
  • Basement: Interior Entry, Private
  • Has Basement: Yes
  • Bathrooms Full: 7
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 9
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Water Heater Fuel: Natural Gas
  • UnitOneBedNumberOf: 1
  • UnitTwoBedNumberOf: 4
  • UnitThreeBedNumberOf: 2
Exterior Features
  • Patio And Porch Features: Patio
Multi Family
Multi Family Information
  • Number of Units Leased: 1
  • Number of Units Total: 7
  • Unit Records: 7
Income & Expenses
  • Gross Scheduled Income: $53,400.00
  • Net Operating Income: $38,521.00
Unit Information
Unit 1
  • Actual Rent: $600.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 640.0
  • Type: One Bedroom
  • Total Units: 1.0
Unit 2
  • Actual Rent: $500.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 768.0
  • Type: Two Bedroom
  • Total Units: 1.0
Unit 3
  • Actual Rent: $650.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 750.0
  • Type: Two Bedroom
  • Total Units: 1.0
Unit 4
  • Actual Rent: $650.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 1000.0
  • Type: Two Bedroom
  • Total Units: 1.0
Unit 5
  • Actual Rent: $650.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 1080.0
  • Type: Two Bedroom
  • Total Units: 1.0
Unit 6
  • Actual Rent: $700.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 1000.0
  • Type: Three Bedroom
  • Total Units: 1.0
Unit 7
  • Actual Rent: $700.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 1200.0
  • Type: Three Bedroom
  • Total Units: 1.0
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $4,450.00
  • Rent Includes: Sewer, Snow Removal, Trash Collection, Water, Yard Maintenance

Property History for 35422 Smith Road

DateEvent & SourcePriceAppreciation
Mar 14, 2019

Sold (Public Record)

Public Record #643595477

$225,000—
Mar 14, 2019

Sold

Realcomp #219003214

$225,000—
Mar 14, 2019

Sold

MiRealSource #21551586

$225,000—
DateEvent & SourcePrice
03/14/2019

Sold (Public Record)

Public Record #643595477

$225,000
03/14/2019

Sold

Realcomp #219003214

$225,000
03/14/2019

Sold

MiRealSource #21551586

$225,000

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

Public Records for 35422 Smith Road

Taxable ValueLand-Additions-Total-
Tax Record2023$8,051 ($671 / month)
Home Facts
Total Finished SqFt6,438 SqFtAbove Grade Finished SqFt6,438 SqFtStories1Lot Size27,007 SqFtStyleMulti-Family Dwelling (2-4)Year Built1967ZoningRM-MLTICountyWAYNEAPN80 032 99 0005 000

Schools near 35422 Smith Road

This home is within Romulus Community Schools.
Rating
School
Type
Grades
Distance
Wick Elementary School
Public - K to 5
Romulus Middle School
Public - 6 to 8
Romulus Senior High School
Public - 9 to 12
Romulus Airport Virtual Academy
Public - 6 to 12
Rating
School
Distance
Wick Elementary School
PublicK to 5

Romulus Middle School
Public6 to 8

Romulus Senior High School
Public9 to 12

Romulus Airport Virtual Academy
Public6 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: 35422 Smith Road, Romulus, MI 48174
$225,000
15
6,438
27,007
8060 Wayne Road, Romulus, MI 48174
$67,500
1
702
–
8284 Wayne Road, Romulus, MI 48174
–
–
–
4,989
27,443
8050 Wayne Road, Romulus, MI 48174
–
3
1
898
8,712
8038 Wayne Road, Romulus, MI 48174
$95,000
2
1
1,234
91,476
8205 Wayne Road, Romulus, MI 48174
$140,000
3
2,056
60,548

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Listing Courtesy of Van Esley Real Estate Inc

IDX provided courtesy of Realcomp II Ltd. via Compass and its related brokerages. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The data relating to real estate properties on this website was last updated on 09/15/2023 04:58 AM PST