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Image 1 - 3603 Oakman Blvd, Detroit, Michigan, 48204 - House for sale
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Oakman Blvd, Detroit, Home For Sale
3603 Oakman Blvd, Detroit, Michigan, 48204

Oakman Blvd, Detroit, Home For Sale

house for sale
Listed: 08/05/24

3603 Oakman Blvd, Detroit, Michigan, 48204

8 Bed:
4 Bath:
4,308 Sq Ft Living Area:
Save
Price
$ 269,900

About This House

Solid brick, 4 unit apartment building for sale. Each unit consists of living room with fireplace, dining room, updated kitchens, 2 bedrooms and full bath. All units are identical in layouts. Each unit can easily rent for$1, 100Section 8. This building is poised to bring in over a 10% NET return yearly. Separate electric and gas for each unit. One water meter for the building. Low property taxes. This building is perfect for a buy and hold investor looking to start with a multi family project in Detroit! Each unit has been freshly painted.

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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 August 2024, the asking price for 2 bed houses for sale in/near Detroit, United States averaged $84,659, a decrease of 27.4% from the previous month.
Median price trends for properties for sale in Detroit, United States as of August 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.