903 Alter Road

Sold 11/2/22
Sold 11/2/22
Gallery Image 1
Gallery Image 2
Gallery Image 3
Gallery Image 4
Gallery Image 5
Sold
Last Sold Price
$137,500
4 beds2,184 sqft$63/sqft
903 Alter Road, Detroit, MI 48215
Multi FamilyProperty Type
3,049 sq ftLot Size
1920Year Built
$63/sq ftPrice 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.
  • Listed by: Peter N Maniaci 313.657.4187 pmaniaci@sarosres.com Brokerage DRE #6505005532 • Jim Saros Real Estate Services
Listing closed: 11/02/2022 12:54 PM • Source: Realcomp, MLS#: 20221024581
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Jim Saros Real Estate Services

Sold By Ace of Real Estate LLC

Add your commute

Payment Calculator

Get preapproved with Rocket Mortgage1

$813 per month

30 year fixed, 6.71% Interest

Principal and Interest

$711

Property Taxes

$102

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 903 Alter Road

Property Details
  • Taxes: $1,228 / year
  • MLS Type: Residential Income / Multi Family
  • County: Wayne County
  • Subdivision Name: FOX CREEK (PLATS)
  • Architectural Style: Duplex
  • Waterfront: No
  • Zoning Description: Multi Family
  • Senior Community: No
Building Information
  • Residences: 2
  • Year Built: 1920
  • Lot Size: 0.07 AC / 3,049 SF
Summary
Location and General Information
  • Directions: South of Jefferson West side of Alter
  • Latitude: 42.37371586
  • Longitude: -82.93907698
  • Cross Street: Jefferson and Alter
  • MLS Area Major: Area05066Det Mcclellan East Mack To Shore
Taxes and HOA
  • Parcel Number: W21I063248S
  • Tax Amount Summer: $1,095.00
  • Tax Amount Winter: $133.00
  • Tax Annual Amount: $1,228.00
  • Tax Assessed Value: $14,052.00
  • Tax Legal Description: W ALTER RD E 67.90 FT OF S 13.50 FT 436 E 67.90 FT 437 FOX CREEK SUB L25 P73 PLATS, W C R 21/295 43.50 X 67.90
  • Tax Other Annual Assessment Amount: $240.00
School Information
  • High School District: Detroit
Property
Lot Information
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Dimensions: 44.00 x 68.00
  • Lot Size Units: Acres
  • Road Frontage Type: Paved
Property and Assessments
  • State Equalized Value: 22500.0
  • Living Area: 2184.0
  • Above Grade Finished Area: 2184.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 2162.0
  • Class Name: Residential Income
  • Living Area Source: Assessor
  • New Construction: No
  • Year Built: 1920
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Brick Mortar
  • Levels: Two
Utilities
  • Sewer: Public Sewer
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 2.0
  • Basement: Unfinished
  • Has Basement: Yes
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Has Cooling: No
  • Fireplace: No
  • Heating: Hot Water, Natural Gas
  • Has Heating: Yes
  • UnitTwoBedNumberOf: 2
Multi Family
Multi Family Information
  • Number of Units Leased: 1
  • Number of Units Total: 2
Income & Expenses
  • Gross Scheduled Income: $24,000.00
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $850.00
  • Existing Lease: Yes
  • Pets Allowed: Call
  • Rent Includes: Water
  • Rent Spree: No

Property History for 903 Alter Road

DateEvent & SourcePriceAppreciation
Nov 2, 2022

Sold

Realcomp #20221024581

—
Oct 27, 2022

Contract Signed

Realcomp #20221024581

—
Oct 19, 2022

Sold

MiRealSource #60124910

$137,500—
DateEvent & SourcePrice
11/02/2022

Sold

Realcomp #20221024581

—
10/27/2022

Contract Signed

Realcomp #20221024581

—
10/19/2022

Sold

MiRealSource #60124910

$137,500

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
Bates Academy
Public - PK to 8
Foreign Language Immersion And Cultural Studies
Public - PK to 8
Carstens Elementary-Middle School
Public - PK to 8
Detroit International Academy For Young Women
Public - PK to 12
Rating
School
Distance
Bates Academy
PublicPK to 8

Foreign Language Immersion And Cultural Studies
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.

Similar Homes

Explore Nearby Homes

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

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 09/06/2023 12:36 PM PST