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Image 1 - 13521 E Mcnichols Rd, Detroit, Michigan, 48205 - House for sale
Image 2 - 13521 E Mcnichols Rd, Detroit, Michigan, 48205 - House for sale
Image 3 - 13521 E Mcnichols Rd, Detroit, Michigan, 48205 - House for sale
Image 4 - 13521 E Mcnichols Rd, Detroit, Michigan, 48205 - House for sale
Image 5 - 13521 E Mcnichols Rd, Detroit, Michigan, 48205 - House for sale
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Home For Sale In Detroit, Michigan
13521 E Mcnichols Rd, Detroit, Michigan, 48205

Home For Sale In Detroit, Michigan

house for sale
Listed: 05/07/24

13521 E Mcnichols Rd, Detroit, Michigan, 48205

5 Bed:
7 Bath:
3,140 Sq Ft Living Area:
Save
Price
$ 385,000

About This House

Great Investment Opportunity!!! Well Maintained, Stabilized and Producing 7 unit Apartment Building. Offered at 11% CAP rate. Next door- 13535 (23 units) McNichols is also available for sale. Properties are next to each other and might be sold together. Currently producing at a $63k a year Gross. Current Net income is$43, 811.Projected gross income once fully leased$68, 200.Landlord pays water, gas, electric. Needs advance notice to show. Do not disturb tenants.

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Detroit Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In May 2024, the asking price for 2 bed houses for sale in/near Detroit, United States averaged $116,903, an increase of 46.8% from the previous month.
Median price trends for properties for sale in Detroit, United States as of May 2024.

Household Income

Median household income: $31,283
Number of households: 266,333
The average household income in Detroit, MI grew from $30,344 to $31,283 in the past year. This data is an estimate based upon 266,333 households in Detroit, MI.
The chart below presents how household income is distributed in Detroit, MI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Detroit, MI compared to median property taxes around the country. The prevalent amount of property taxes in Detroit, MI equals $800-$1,500 , which is less than the national average.