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Image 1 - 414 Horton St, Detroit, Michigan, 48202 - House for sale
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Image 4 - 414 Horton St, Detroit, Michigan, 48202 - House for sale
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Horton St, Detroit, Home For Sale
414 Horton St, Detroit, Michigan, 48202

Horton St, Detroit, Home For Sale

house for sale
Listed: 08/31/24

414 Horton St, Detroit, Michigan, 48202

4 Bed:
3 Bath:
2,581 Sq Ft Living Area:
Save
Price
$ 295,000

About This House

Lucrative investment opportunity in the North End on Horton Street with a side lot. Former single family home converted to three apartment units. Each unit has rough plumbing, rough electrical, and HVAC completed. Each unit has two entrances, individual rear decks, and space for mechanicals. Common basement envisioned as shared space for laundry and storage. First floor is a large one bedroom with original brick fireplace in the living room. Second floor is a 2 bedroom apartment. Third floor can be used as one bedroom or studio. Architectural drawings for the project included with the sale and drawings have been approved by city of Detroit. Current market rents have a projected gross monthly income of $5k. 3 unit multifamily buildings …  Full description

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North End Housing & Living

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.