$1,663 Closing Credit¹
#20250022323, Gaston Munoz, Listing Office: Munoz Realty Inc
$1,050,000 List price
4470 E Outer Dr Detroit, MI 48234
$10,000
Closing credit¹
18 full
11,439 sqft
0.3 acres
$92 / sqft
Multi-Family
Property details
About 4470 E Outer Dr
Welcome to 4470 E Outer Dr, a renovated 2-story, 2-building garden style 18-unit brick apartment building. All units are 1-bed, 1-bath situated on a 13,068 sq ft site with great curb appeal. With 8 agency tenants and 10 cash tenants, this building comes fully occupied and stabilized with room yet to increase rents significantly without large capital expenditures. Two newer boilers have been installed, the roof is newer, and the windows are newer and vinyl as well. There is also a parking lot with plenty of parking for tenants. Overall, an ideal opportunity to both cash flow now and value add through a simpler business plan of raising rents in already quality units. Offering memorandum, rent roll and P&L are available upon request.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas, Separate Meters
StatusActive
Size11,439 sqft
BasementYes
Lot size0.3 Acres
Year built1956
MLS #20250023974
Summary
- MLS Number: 20250023974
- MLS Name: Realcomp II Ltd
- Office Name: Keller Williams Somerset
- Office Phone: (248) 649-7200
- Listing Agent: Joseph Hammel, Michael Helfant
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2025, 12:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,050,000
4470 E Outer Dr
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 18, 2023 | Home Sold | $935,000 |
| Apr 29, 2022 | Home Sold | $875,000 |
| Sep 20, 2017 | Home Sold | $520,000 |
| Apr 28, 2014 | Home Sold | $350,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $342,700 | $24,075 |
| 2023 | $289,800 | $24,075 |
| 2022 | $254,300 | $29,501 |
| 2021 | $170,600 | $29,501 |
| 2020 | $136,100 | $13,329 |
| 2018 | $161,200 | $13,329 |
| 2017 | $150,700 | $13,245 |
History based on county public records data.
Nearby schools
5
Lincoln Elementary School
Public District KG-5
1.2 mi
•22100 Federal Ave
2
Mound Park Elementary School
Public District KG-5
1.6 mi
•5356 Toepfer Rd
4
McKinley Elementary School
Public District KG-5
2.1 mi
•13173 Toepfer Rd
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 $30,000. The majority of Detroit, MI residents have income less than $<35k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
54%
<35k
31%
35k-100k
13%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
43%
Single, No Kids
35%
Single, with Kids
15%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
12%
12-17 yrs old
26%
18-34 yrs old
38%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 4470 E Outer Dr in Detroit, MI and zip code 48234 in the Grant neighborhood. This 11,439 square foot home, which was built in 1956, sits on a 0.30 acre lot. Features: 18 bathrooms. It has been listed on Rocket Homes since April 24, 2025 and is currently priced at $1,050,000.
Detroit, MI housing market in March 2025 saw over 91 listings sold above listed price, more than 81 sold at listed price and over 203 sold below. The inventory of homes for sale in Detroit, MI between February and March 2025 increased by 14.9%. While the average time on the market in March 2025 was 51 days, the median list price was $89,542.
From Rocket Homes Real Estate and based on county public records data.