903 Alter Road

—
Beds
2,184 Sq. Ft.
$63 / Sq. Ft.
2,184
Sq. Ft.
$63
per Sq. Ft.

Description

Excellent multifamily investment opportunity South of Jefferson in the rapidly appreciating Jefferson Chalmers neighborhood! Rare 2 unit townhouse style building! 3 bedroom townhouses with 1 full bath, Beautiful fireplace in living rooms, private basements, back porches and yard! Excellent layout and large bedrooms. Market rents of $1,200 per unit achievable for location and size of apartments. Tenants pay gas/ electric. Located steps from Coriander Kitchen & Farm- Detroit's hottest restaurant, Detroit...Excellent multifamily investment opportunity South of Jefferson in the rapidly appreciating Jefferson Chalmers neighborhood! Rare 2 unit townhouse style building! 3 bedroom townhouses with 1 full bath, Beautiful fireplace in living rooms, private basements, back porches and yard! Excellent layout and large bedrooms. Market rents of $1,200 per unit achievable for location and size of apartments. Tenants pay gas/ electric. Located steps from Coriander Kitchen & Farm- Detroit's hottest restaurant, Detroit River Sports, and Grosse Pointe Park. Fantastic opportunity for an owner user to defray living costs or for an investor to raise rents to market rate - cash out refi or enjoy strong cashflow.
  1. Listed by Peter N Maniaci • Jim Saros Real Estate Services
    P: (313)-657-4187 C: (313)-657-4187 pmaniaci@sarosres.com

Property Details for 903 Alter Road

Architectural Style
2 Story
Subdivision Name
FOX CREEK (PLATS)
Has Waterfront
No
Zoning Description
Multi-Family
LISTING CLOSED: 10/19/2022 12:00 AM

Property Details for 903 Alter Road

StatusClosed
MLS #60124910
Days on Market62
Taxes$1,228 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1920
Lot Size0.07 AC / 3,049 SF
CountyWayne County

Location

Listing Courtesy of Jim Saros Real Estate Services

Sold By LPS

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Building Information for 903 Alter Road

Stories2Residences2Year Built1920Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$788 per month

30 year fixed, 6.36% Interest

Principal and Interest

$685

Property Taxes

$102

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 903 Alter Road

Summary
Location and General Information
  • Cross Street: Jefferson and Alter
  • Directions: South of Jefferson West side of Alter
  • Latitude: 42.373748
  • Longitude: -82.939058
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: W21I063248S
  • Tax Annual Amount: $1,228.00
Property
Lot Information
  • Lot Size Acres: 0.07
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 2184.0
  • Building Area Total: 2184.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1920
Building Features
  • Construction Materials: Brick
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
Interior and Exterior Features
Interior Features
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Has Fireplace: No
  • Heating: Hot Water, Natural Gas
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 2

Property History for 903 Alter Road

DateEvent & SourcePriceAppreciation
Oct 19, 2022

Sold

MiRealSource #60124910

$137,500—
Oct 11, 2022

Sold (Public Record)

Public Record #1500299535

$137,500

+21.4% / yr

Sep 30, 2022

Contract Signed

MiRealSource #60124910

—
DateEvent & SourcePrice
10/19/2022

Sold

MiRealSource #60124910

$137,500
10/11/2022

Sold (Public Record)

Public Record #1500299535

$137,500

+21.4% / yr

09/30/2022

Contract Signed

MiRealSource #60124910

—

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

Public Records for 903 Alter Road

Taxable ValueLand-Additions-Total-
Tax Record2023$3,834 ($320 / month)
Home Facts
Baths2Total Finished SqFt2,184 SqFtAbove Grade Finished SqFt2,184 SqFtStories2Lot Size3,049 SqFtStyleDuplexYear Built1920ZoningR2CountyWAYNEAPN21063248.Fireplace TypeHas Fireplace

Schools near 903 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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Listing Courtesy of Jim Saros Real Estate Services

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