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Sold for $90,000 on 09/05/25
  • $90,000

    16612 Ilene St, Detroit, MI 48221

    4beds
    2,344sqft
    Multi Family
    Built in 1929
    -- sqft lot
    $90,300 Zestimate®
    $38/sqft
    $1,244 Estimated rent

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    $1,244/mo

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    $1,244/mo

    Rent Zestimate®

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    $497/mo

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    $497/mo

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    What's special

    **INVESTORS** Add this 2 unit multi-family property to your rental portfolio! The property features two 2-bedroom units, each with a large living room and dining room, kitchen, and full bathroom! The property has its original hardwood floors in both units (you will need to remove the carpet in 1 of the units), tons of beautiful plaster walls and crown molding, an updated kitchen in one of the units, forced air heating, updated 100 amp electrical panels and romex wiring, and updated copper, PEX, and PVC plumbing! Both bathrooms could do with a lite facelift, but are in otherwise decent condition. Separate laundry tubs for each unit in the basement. Gas and electric are metered separately. ARV for this property could be as high as $220-250K so it could make a perfect BRRRR strategy property, with Sec 8 rents for the units as high as $1,200/month. CASH OR HARD MONEY ONLY, NO SELLER FINANCING OR CONVENTIONAL.

    Zillow last checked: 7 hours ago

    Listing updated: September 08, 2025 at 05:26am

    Listed by:

    Ryan E Kain 313-277-7777,

    RE/MAX Leading Edge

    Bought with:

    Mark Tyler, 6502399604

    American Associates Inc

    Source: Realcomp II,MLS#: 20251007213MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air, Natural Gas
    Appliances
    • Laundry: Laundry Room
    Features
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,344 sqft
    • Finished area above ground: 2,344

    Property

    Parking
    • Parking features: On Street, Shared Driveway, Unassigned
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Porch
    • Pool features: None
    Lot
    • Size: 4,356 sqft
    • Dimensions: 40 x 108
    Details
    • Parcel number: W16I040282S
    • Zoning description: Residential
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Upper Lower Apartment
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Basement, Block
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1929

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Above Ground Utilities, Cable Available, Underground Utilities

    Community & neighborhood

    Location
    • Region: Detroit
    • Subdivision: COLLEGE VIEW SUB

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash
    Services availability
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    Estimated market value
    $90,300