Sold for $61,000

$61,000

391 Palmerston St, River Rouge, MI 48218

6beds

1,760sqft

Multi Family

Built in 1920

-- sqft lot

$110,800 Zestimate^®

$35/sqft

$1,186 Estimated rent

Home value

$110,800

$81,000 - $146,000

$1,186/mo

Zestimate^® history

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Owner options

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$1,186/mo

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$1,186/mo

Rent Zestimate^®

Refinance and save

$351/mo

Est. payment

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$351/mo

Est. payment

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What's special

Attention investors. Take a look at this duplex located in one of the hottest Real Estate markets in Metro Detroit. This property requires a mostly cosmetic rehab to increase the value by tens of thousands. You can buy, fix, and rent... Then enjoy a substantial equity position. Or you can buy, fix, and BRRR this duplex and pull out all of your cash while making a substantial ROI. House hackers are also welcome. These units can rent for 1000 or more per door easily once this project is complete. This could be a cash cow for any savvy investor. Don't wait on this one or it will be gone fast. Bring in the spring with your new duplex!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Hot Water, Natural Gas

Features

Basement: Unfinished
Has fireplace: No

Interior area

Total interior livable area: 1,760 sqft
Finished area above ground: 1,760

Property

Features

Levels: Two
Stories: 2
Pool features: None

Lot

Size: 4,356 sqft
Dimensions: 30.00 x 142.50

Details

Parcel number: 50009010720000
Zoning description: Residential
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Colonial
Property subtype: Multi Family

Materials

Brick, Vinyl Siding
Foundation: Basement, Poured

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: Sewer At Street
Water: Community

Community & neighborhood

Location

Region: River Rouge
Subdivision: RIVER ROUGE PARK SUB

Other

Other facts

Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA 203K,Trade 1031 Exchange,Warranty Deed

Price history

Date	Event	Price
4/4/2025	Sold	$61,000+1.7%$35/sqft
Source: Realcomp II #20250017614 Report a problem
3/20/2025	Pending sale	$60,000$34/sqft
Source: Realcomp II #20250017614 Report a problem
3/18/2025	Price change	$60,000+30.4%$34/sqft
Source: Realcomp II #20250017614 Report a problem
3/3/2025	Pending sale	$46,000$26/sqft
Source: Realcomp II #20250012841 Report a problem
2/27/2025	Listed for sale	$46,000+109.1%$26/sqft
Source: Realcomp II #20250012841 Report a problem