9242 Appoline Street

About this home

GREAT INVESTMENT OPPORTUNITY! This all-brick multifamily property features two separate units, offering excellent income potential for investors or an opportunity for an owner-occupant to offset their mortgage with rental income. The lower unit offers 3 bedrooms and 1 full bathroom, while the upper unit features 2 bedrooms and 1 full bathroom. Both units have been updated and offer comfortable living spaces. The upper unit is currently leased for $800 per month through April 2027, providing immediate rental income. The seller is also willing to sell the furnishings in the lower unit, making this an even more attractive opportunity. There is also added versatility of a third-floor attic space to create a space that suits the next owner's needs. Don't miss your chance to own a solid income-producing property with two units and plenty of potential!

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 $155,000, or $68 per square foot, 4% 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 $4,736 a year. A buyer who lives here would pay about $5,024 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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