2454 Florian Street

About this home

Welcome to your new home in vibrant and growing Hamtramck. It is walkable to everything the city has to offer, while still being a 10 minute ride from downtown Detroit. This is an exceptional character property that has been lovingly restored. It consists of a 3 bedroom apartment upstairs, and a light-filled, open concept 2-bedroom apartment downstairs. All this and a 3 car garage! Everything in this building was fully renovated in 2019. All new kitchens, baths, drywall, hardwood flooring, plumbing, electrical, HVAC, roof, windows, exterior and interior paint. Both apartments are fitted with private laundry, as well as hook ups for additional laundry in the basement. This building needs nothing. Would be great for investors looking for passive income, or for an owner to live in one unit and rent out the other. Or make it your very own live-work space, as the lower unit was recently used as a commercial spa and beauty salon. This building is incredibly flexible. The upper apartment has beautiful trim and millwork. It is currently occupied on a year-long lease with excellent tenants for $1500 per month. The kitchen and bathrooms are well done with full subway tile and new appliances. There is even a lovely private balcony with a beautiful view of St. Florian Cathedral. The lower unit is currently operating month-to-month at $1500 per month. The kitchen and bathrooms are well done with full subway tile and new appliances. Huge windows in the front give a beautiful view of the cathedral, and bring in lots of natural sunlight. The best feature of this unit is its flexibility as a possible commercial space. Until 2 years ago it was operated as a spa and beauty salon so it could easily be opened up again for commercial development. This property is a true gem and would make a great home or business opportunity.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Hamtramck

Over the last 90 days, 35 homes sold in Hamtramck for a median of $200,000, about $130 per square foot, and the typical one went under contract in 14 days. This home is listed at $324,900, or $141 per square foot, 8% above the city median, and has been on the market 116 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Hamtramck sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $2,798 a year. A buyer who lives here would pay about $2,057 to $8,195 a year once the taxable value resets after the sale, at the 2025 homestead rate of 49.94 mills for Hamtramck City and Hamtramck 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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