3028 Webb Street

About this home

This Multi Family property offers a strong opportunity for investors seeking both immediate upside and long term value, featuring two generously sized units, each with three bedrooms and one bathroom, designed to appeal to a broad tenant base. Whether pursuing a renovation to increase market value or holding the property to generate steady rental income, it provides the flexibility to support a range of investment strategies while benefiting from solid fundamentals and future appreciation potential, making it a valuable addition to any well positioned real estate portfolio. *Property has been boarded up - Pictures are available*

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Detroit

Over the last 90 days, 1,208 homes sold in Detroit for a median of $99,900, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $84,900, or $22 per square foot, 69% below the city median, and has been on the market 1 day. 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 $1,552 a year. A buyer who lives here would pay about $938 to $2,752 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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