12216 Morang Drive

About this home

Investment-opportunity: property is sold as is and only accepting cash offers. Investment-ready opportunity: a 7 unit 1 bed 1 bath in each unit -5-7 currently rented out at $650 a month. Property is located close to Ascension Hospital, shopping, and a major expressway for an easy commute, this property sits in a convenient, in-demand area that appeals to renters. *****Please do not disturb the tenants. Showings will not be allowed until an offer is accepted, with no exceptions.***** EMD to be held by listing broker & be certified/cashier's funds. Proof of funds required with all offers. Owner has other rentals/properties to sell and this can be bought individually or as a package deal. The other address 5919-17 Yorkshire, 3506-08 Haverhill, in Detroit. All information deemed reliable but not guaranteed. Buyers or buyer's agent to verify all information.

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 $157,500, or $58 per square foot, 18% below the city median, and has been on the market 0 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 $1,949 a year. A buyer who lives here would pay about $1,474 to $5,105 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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