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Sold for $200,000 on 12/07/23
  • $200,000

    5940 Appoline St, Dearborn, MI 48126

    --beds
    3,052sqft
    MultiFamily
    Built in 1927
    -- sqft lot
    $326,900 Zestimate®
    $66/sqft
    $1,650 Estimated rent

    Owner options

    List your home for rent

    $1,650/mo

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    $1,650/mo

    Rent Zestimate®

    Refinance and save

    $1,106/mo

    Est. payment

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    $1,106/mo

    Est. payment

    What's special

    Great opportunity to invest into a 3100 sqft, multi-family, 2 stories with 4 units. Each unit is rented out making a strong profit. All units are the same size and they include a large 1 bedroom, an open kitchen, a large living room, and a full bath. The full INVESTMENT brings in $28,000/ per year at around an 8% cap. And the rent could be increased. Seller is motivated and will consider all offers including land contract deals. Hurry and take advantage of this income property in East Dearborn in a great area. It won't last long. This 4 unit apartment building also includes a large basement. In addition, each unit is updated up to city code and behind the building are 4 spacious parking lots for the tenants.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced air, Gas
    Features
    • Basement: Partially finished
    Interior area
    • Total interior livable area: 3,052 sqft
    • Finished area below ground: 1526

    Property

    Parking
    • Total spaces: 4
    Features
    • Patio & porch: Porch, Porch - Covered
    • Exterior features: Brick
    • Fencing: Fenced
    • Frontage length: Frontage Feet: 36
    Lot
    • Size: 4,791 sqft
    Details
    • Parcel number: 32100832100400
    • Zoning description: Residential
    • Special conditions: Sale

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Split Level, Upper/Lower Apartment
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1927

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Sewer-Sanitary
    • Water: Municipal Water

    Community & neighborhood

    Location
    • Region: Dearborn

    HOA & financial

    Other financial information
    • Total actual rent: 600

    Other

    Other facts
    • Heating: Forced Air, Natural Gas
    • RoadSurfaceType: Paved
    • Roof: Asphalt
    • Basement: Unfinished, Basement
    • ArchitecturalStyle: Split Level, Upper/Lower Apartment
    • ZoningDescription: Residential
    • HeatingYN: true
    • NumberOfUnitsTotal: 4
    • ExteriorFeatures: Awning(s), Chimney Cap(s)
    • ConstructionMaterials: Brick
    • CurrentFinancing: Conventional, FHA, VA, Cash, Land Contract, Conv. Blend Rt
    • Fencing: Fenced
    • PropertyAttachedYN: true
    • FoundationDetails: Block
    • Exclusions: No Exclusions
    • Gas: Natural Gas
    • NumberOfUnitsLeased: 4
    • OpenParkingYN: true
    • PatioAndPorchFeatures: Porch, Porch - Covered
    • ParkingFeatures: Other, On Street, Paved
    • Appliances: Gas Water Heater
    • BelowGradeFinishedArea: 1526
    • TotalActualRent: 600
    • SpecialListingConditions: Sale
    • WaterSource: Municipal Water
    • Sewer: Sewer-Sanitary
    • FrontageLength: Frontage Feet: 36
    • GrossScheduledIncome: 30000.00
    • MlsStatus: Active
    • NetOperatingIncome: 8.80
    • Road surface type: Paved
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    Estimated market value
    $326,900