5541-5543 Balfour Road

1,944 Sq. Ft.
$42 / Sq. Ft.
1,944
Sq. Ft.
$42
per Sq. Ft.

Description

Charming 2-Unit Multi-Family Property in Detroit – Great Investment or Conversion Opportunity. This well-maintained 2-unit multi-family home is an ideal investment opportunity or can easily be converted into a spacious single-family residence. Located in an up-and-coming area of Detroit, this property offers convenience and potential for growth. Both units have 2 bedrooms, full bathroom, kitchen and living room. Entry level's inviting living room offers a beautiful fireplace, perfect for cozy evenings....Charming 2-Unit Multi-Family Property in Detroit – Great Investment or Conversion Opportunity. This well-maintained 2-unit multi-family home is an ideal investment opportunity or can easily be converted into a spacious single-family residence. Located in an up-and-coming area of Detroit, this property offers convenience and potential for growth. Both units have 2 bedrooms, full bathroom, kitchen and living room. Entry level's inviting living room offers a beautiful fireplace, perfect for cozy evenings. Functional layout offering ample living space in both units. 2 Car detached garage. Shared basement with laundry facility. The home is in a prime location with easy access to major expressways, making commuting to Downtown Detroit, The Points, or St. Clair Shores a breeze. Whether you're looking to capitalize on the rental market or transform it into your dream home, this property offers flexibility and fantastic value in a rapidly growing neighborhood. Don't miss out on this fantastic opportunity to own a property in a high-demand area with so much potential!
  1. Listed by Melanie Lovati • Brokerage DRE #6505370129 • Innovation Real Estate Specialists Inc.
    P: (810)-650-4349 melanie@melanielovati.com

Property Details for 5541-5543 Balfour Road

Architectural Style
2 Story
Has Waterfront
No
Zoning Description
Residential
LISTING CLOSED: 03/20/2025 12:00 AM

Property Details for 5541-5543 Balfour Road

StatusClosed
MLS #50161997
Days on Market94
Taxes$3,631 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1941
Lot Size0.13 AC / 5,662 SF
CountyWayne County

Location

Listing Courtesy of Innovation Real Estate Specialists Inc.

Sold By Innovation Real Estate Specialists Inc.

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Building Information for 5541-5543 Balfour Road

Stories2Residences2Year Built1941Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$706 per month

30 year fixed, 6.36% Interest

Principal and Interest

$404

Property Taxes

$303

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5541-5543 Balfour Road

Summary
Location and General Information
  • Latitude: 42.403713
  • Longitude: -82.949597
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: 21068743
  • Tax Annual Amount: $3,631.37
  • Tax Year: 2024
Parking
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
Property
Lot Information
  • Frontage Length: 40.0
  • Lot Size Acres: 0.13
  • Road Responsibility: Public Maintained Road
Property and Assessments
  • Above Grade Finished Area: 1944.0
  • Building Area Total: 1944.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1941
Building Features
  • Construction Materials: Brick
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Community Features: Sidewalks
  • Patio And Porch Features: Porch
Interior Features
  • Appliances: Refrigerator, Range, Oven
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Cooling: Ceiling Fan(s)
  • Has Cooling: Yes
  • Fireplace Features: Living Room
  • Total Fireplaces: 1
  • Has Fireplace: Yes
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 2

Property History for 5541-5543 Balfour Road

DateEvent & SourcePriceAppreciation
Mar 20, 2025

Sold

MiRealSource #50161997

$81,000
Feb 28, 2025

Contract Signed

MiRealSource #50161997

Nov 26, 2024

Listed (Active)

MiRealSource #50161997

$89,900
DateEvent & SourcePrice
03/20/2025

Sold

MiRealSource #50161997

$81,000
02/28/2025

Contract Signed

MiRealSource #50161997

11/26/2024

Listed (Active)

MiRealSource #50161997

$89,900

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

Schools near 5541-5543 Balfour 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

Brown Ronald Academy
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 Innovation Real Estate Specialists Inc.

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