18581 Appleton Street
Detroit, MI 48219

  • 3 beds
  • 1 bath
  • 813 sqft
  • 4,792 sqft lot
  • $86 per sqft
  • 1924 build
  • on site

MULTIPLE OFFER SITUATION. HIGHEST AND BEST MONDAY AT 5PM. LOCATED JUST 7 MINUTES FROM THE INFAMOUS CITY OF REDFORD, YOU WILL FIND 18581 APPLETON NESTLED ON A 4,791 SQUARE FOOT LOT IN THE QUIET "SEVEN MILE-ROUGE" NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOAST 3 SPACIOUS BEDROOMS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS A NEWLY INSTALLED FURNACE AND HOT WATER TANK. IN ADDITION, THIS HOME HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW.  MOREOVER SHE HAS FRESHLY ROLLED PAINT AND BRAND CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY TO BE RENTED ON A TO A SECTION 8 TENANT AND THE MONTHLY DIVIDENDS OF $1300 ARE PAID BY THE FEDERAL GOVERNMENT. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN JUST UNDER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Realcomp MLS logo Listing courtesy of REALCOMP / 1st Michigan Real Estate

Last checked: Checking… • Last updated Apr 8, 2024 •

MLS# 20230106151 —

Monthly cost estimate

18581 Appleton Street

Asking price

$70,000

Expense Monthly cost
Mortgage

$374

Taxes $54
Insurance $19
Utilities $146 See report
Total $593/mo.*
*This is an estimate

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Sale history

Date Event Source Price % Change
3/6/24
Price Changed REALCOMP $70,000 3.7%
2/17/24
Price Changed REALCOMP $67,500 3.8%
2/2/24
Price Changed REALCOMP $65,000 -7.0%

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This house located in Seven Mile-Rouge, Detroit, MI 48219 is currently for sale for $70,000. 18581 Appleton Street is a 813 square foot house with 3 beds and 1 bath that has been on Estately for 122 days. 18581 Appleton Street is in the Seven Mile-Rouge neighborhood of Detroit and has a WalkScore® of 61, making it somewhat walkable. This house is in the attendance area of Wright Academy Of Arts And Science, Ludington Magnet Middle School, Henry Ford High School, Communication And Media Arts High School, Foreign Language Immersion And Cultural Studies, Cody Academy Of Public Leadership, Bates Academy, Detroit International Academy For Young Women, Douglass Academy For Young Men, and Clippert Academy.

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Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.

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