Great opportunity to invest into a 3100 sqft, multi-family, 2 stories with 4 units. Each unit is rented out making a strong profit. All units are the same size and they include a large 1 bedroom, an open kitchen, a large living room, and a full bath. The full INVESTMENT brings in $28,000/ per year at around an 8% cap. And the rent could be increased. Seller is motivated and will consider all offers including land contract deals. Hurry and take advantage of this income property in East Dearborn in a great area. It won't last long. This 4 unit apartment building also includes a large basement. In addition, each unit is updated up to city code and behind the building are 4 spacious parking lots for the tenants.
Sold for $200,000
$200,000
5940 Appoline St, Dearborn, MI 48126
--beds
3,052sqft
MultiFamily
Built in 1927
-- sqft lot
$328,000 Zestimate®
$66/sqft
$1,509 Estimated rent
Home value
$328,000
$285,000 - $371,000
$1,509/mo
Zestimate® history
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$1,509/mo
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$1,416/mo
Est. payment
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Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced air, Gas
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 3,052 sqft
- Finished area below ground: 1526
Property
Parking
- Total spaces: 4
Features
- Patio & porch: Porch, Porch - Covered
- Exterior features: Brick
- Fencing: Fenced
- Frontage length: Frontage Feet: 36
Lot
- Size: 4,791 sqft
Details
- Parcel number: 32100832100400
- Zoning description: Residential
- Special conditions: Sale
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Split Level, Upper/Lower Apartment
Materials
- Roof: Asphalt
Condition
- Year built: 1927
Utilities & green energy
- Gas: Natural Gas
- Sewer: Sewer-Sanitary
- Water: Municipal Water
Community & neighborhood
Location
- Region: Dearborn
HOA & financial
Other financial information
- Total actual rent: 600
Other
Other facts
- Heating: Forced Air, Natural Gas
- RoadSurfaceType: Paved
- Roof: Asphalt
- Basement: Unfinished, Basement
- ArchitecturalStyle: Split Level, Upper/Lower Apartment
- ZoningDescription: Residential
- HeatingYN: true
- NumberOfUnitsTotal: 4
- ExteriorFeatures: Awning(s), Chimney Cap(s)
- ConstructionMaterials: Brick
- CurrentFinancing: Conventional, FHA, VA, Cash, Land Contract, Conv. Blend Rt
- Fencing: Fenced
- PropertyAttachedYN: true
- FoundationDetails: Block
- Exclusions: No Exclusions
- Gas: Natural Gas
- NumberOfUnitsLeased: 4
- OpenParkingYN: true
- PatioAndPorchFeatures: Porch, Porch - Covered
- ParkingFeatures: Other, On Street, Paved
- Appliances: Gas Water Heater
- BelowGradeFinishedArea: 1526
- TotalActualRent: 600
- SpecialListingConditions: Sale
- WaterSource: Municipal Water
- Sewer: Sewer-Sanitary
- FrontageLength: Frontage Feet: 36
- GrossScheduledIncome: 30000.00
- MlsStatus: Active
- NetOperatingIncome: 8.80
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/7/2023 | Sold | $200,000-16.7%$66/sqft |
Source: Public Record Report a problem | ||
| 2/14/2020 | Sold | $240,000-9.4%$79/sqft |
Source: Agent Provided Report a problem | ||
| 2/1/2020 | Pending sale | $265,000$87/sqft |
Source: KW Legacy #2200005383 Report a problem | ||
| 1/21/2020 | Price change | $265,000-3.6%$87/sqft |
Source: Keller Williams Legacy #2200005383 Report a problem | ||
| 12/16/2019 | Listed for sale | $275,000+511.1%$90/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $164,100 +6.3% |
| 2024 | -- | $154,400 +5.3% |
| 2023 | -- | $146,600 +12.8% |
Find assessor info on the county website
Neighborhood: Hemlock
Nearby schools
GreatSchools rating
- 5/10Lowrey Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 8/10Lowrey Middle SchoolGrades: 6-8Distance: 0.6 mi
- 7/10Fordson High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- District: Dearborn
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$328,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$328,000
- Michigan
- Wayne County
- Dearborn
- 48126
- Hemlock
- 5940 Appoline St