#20250001346, Scott Fader, Listing Office: Joseph Walter Realty, LLC
1473 Taylor St Detroit, MI 48206
Property details
About 1473 Taylor St
**OPPORTUNITY** This MASSIVE 6 unit Virginia Park multi-family property is looking for a new owner to bring it back to its former glory! The property currently features 6 2-bedroom units and has space to add 2 additional 1 bedroom units in the walk-up attic space. The property does require a full rehab but could be an absolute cash-cow once completed, as the units should rent for at least $1,200/month each, meaning you could generate over 110K in rental income per year! Located less than a block away from the Herman Kiefer project and 2 blocks from the Lodge freeway, this is an absolutely prime location! 5+ unit properties are extremely rare in the greater New Center area so take advantage of this incredible opportunity while you can! CASH OR HARD MONEY ONLY, NO SELLER FINANCING.
Highlights
Summary
- MLS Number: 20240090298
- MLS Name: Realcomp II Ltd
- Office Name: RE/MAX Leading Edge
- Office Phone: (734) 404-8800
- Listing Agent: Ryan E Kain, Samuel Kain
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Last updated on: 3/15/2025, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$124,900
1473 Taylor St
$1,483
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Jun 15, 2004 | Home Sold | $30,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $600 | $- |
2023 | $600 | $- |
2022 | $600 | $- |
History based on county public records data.
Nearby schools
2
University Preparatory Art Design Elementary School
Public Charter KG-5
0.6 mi
•10225 3rd St
2
University Preparatory Academy Psad Elementary School
Public Charter KG-5
1.4 mi
•435 Amsterdam St
1
University Preparatory Academy (PSAD) Elementary School
Public Charter KG-5
1.4 mi
•957 Holden St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $12,639. The majority of Detroit, MI residents have income less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
Similar homes for sale
This home is located at 1473 Taylor St in Detroit, MI and zip code 48206 in the Rosa Parks neighborhood. This 3,220 square foot home, which was built in 1916, sits on a 0.16 acre lot. Features: 6 bathrooms. It has been listed on Rocket Homes since December 9, 2024 and is currently priced at $124,900.
Detroit, MI housing market in February 2025 saw over 68 listings sold above listed price, more than 60 sold at listed price and over 203 sold below. In February 2025 in Detroit, MI there were 7% more homes for sale than in January. The median list price of listings available in February 2025 was $88,760, while the average time on the real estate market was 59 days.