19317 Marx Street E

About this home

Detroit Rental Portfolio — Nine Properties Offered Individually, in Groups, or Together Take your pick: purchase one property, create a custom group, or acquire all nine properties for $872,000. The seller reports over $13,000 in monthly cash flow and over $155,000 in annual gross profit. Tenants pay all utilities and water, offering investors a portfolio with those costs paid by tenants. Request property-specific rent, lease, and expense information. Buyers to verify all income, expenses, occupancy, property details, and utility arrangements. These properties are all section 8 properties. The tenants pay under $1,000 each month meaning that over $12,000 is guaranteed cash flow. 10835 Somerset, Detroit, MI 48224 — $120,000 | $1500 rent | owner pays water 19317 Marx, Detroit, MI 48203 — $99,000 | $1400 rent 19734 Kingsville, Detroit, MI 48225 — $85,000 | $1400 rent 10338 Balfour, Detroit, MI 48224 — $99,000 | $1500 rent 20607 Moross, Detroit, MI 48224 — $55,000 | $1100 Rent 20436 McCormick, Detroit, MI 48224, including 20430 McCormick, Detroit, MI 48224 — $85,000 | $1400 rent 15099 Coyle, Detroit, MI 48227 — $99,000 | $1400 rent 10639 Balfour, Detroit, MI 48224 — $110,000 | $1615 18700 Kingsville, Detroit, MI 48225 — $120,000 | $1700

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Highland Park

Over the last 90 days, 25 homes sold in Highland Park for a median of $60,000, about $46 per square foot, and the typical one went under contract in 27 days. This home is listed at $99,000, or $104 per square foot, 126% above the city median, and has been on the market 5 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Highland Park sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $1,060 a year. A buyer who lives here would pay about $642 to $3,209 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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