10101 Cadieux Road

About this home

Fully updated 16 unit apartment building on Detroit's East Side. This is a rare, turn-key opportunity for a new owner to implement their own leasing strategy, secure tenants at market rates, and immediately stabilize cash flow. Handsomely renovated units with new paint, flooring, and fixtures throughout. Parking area in back of building. Full basement with storage area. Showings by appointment only.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Detroit

Over the last 90 days, 1,214 homes sold in Detroit for a median of $99,950, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $1,100,000, or $68 per square foot, 4% below the city median, and has been on the market 10 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $23,368 a year. A buyer who lives here would pay about $9,445 to $35,654 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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