Redford MI Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
4,600
Status:
Active
Beds:
n/a
Lot size:
0.13 Acres
Year built:
1948
Baths:
17.00
MLS#:
60347824
Subdivision:
DUNNING PARK SUB

ADDITIONAL INFORMATION

This 17 Unit apartment building in Redford MI has had lots of recent updates, but still has tons of potential to add even more value! Snapshot: -17 Units, 16 occupied, 1 vacant (studio) -4 1 bed/1 bath, and 13 studios -1 building with 6 units, 3 single family, 1 unit cottages and 4 duplexes -1/2 acre lot -6,800 SQ Large parking lot paved thats is in good condition -Owner pays all utilities, trash and lawn Heating: Single gas furnace in 6-unit apartment building and gas wall furnace in other units. Cooling: Air conditioner in the main building, tenant optional window units in others. Current owners have renovated 13 of 17 units with new LVP flooring, kitchens, baths, paint, lights, doors, appliances and trim. Exteriors have been repainted in 2023, roofs replaced on 5 of 8 buildings in 2023. New furnaces in units 9 and 10. New hot water tanks in units 1, 12, 14, 15, 16, 17, and 18. Electrical was updated in 2023 with GFCI. Exterior landscaping refreshed and trees removed in 2023. Parking lot seal coated and striped in 2023. New concrete walks in 2022. All financial information attached as pdf, including additional photos. Property is zoned commercial, the city allowed the property to be rent certified. This property is licensed as a rental with the city of Redford. We are looking for experienced multi-family investors for this property.

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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307


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Redford Real Estate

The median home value in Redford, MI is $175,000. This is higher than the county median home value of $150,200. The national median home value is $338,100. The average price of homes sold in Redford, MI is $175,000. Approximately 69.88% of Redford homes are owned, compared to 24.36% rented, while 5.76% are vacant. Redford real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Redford real estate agent to arrange a tour today!

Redford, Michigan has a population of 53,613. Redford is less family-centric than the surrounding county with 21.82% of the households containing married families with children. The county average for households married with children is 25.56%.

The median household income in Redford, Michigan is $58,815. The median household income for the surrounding county is $52,830 compared to the national median of $69,021. The median age of people living in Redford is 38.2 years.

Redford Weather

The average high temperature in July is 83.95 degrees, with an average low temperature in January of 17.75 degrees. The average rainfall is approximately 33.9 inches per year, with 34.3 inches of snow per year.

Redford Real Estate Market Conditions

  • Median sales price

    $175,000
    9.7% change since last quarter
  • # Active listings

    151
    30-day change

Redford Schools and Demographics

Education near Redford, MI

Metric City County
High School Graduates 90.87 87.61
College Degree - 2 year 10.8 8.59
College Degree - 4 year 22.02 25.82
Graduate Degree 5.42 7.79
Expenditures per Student 13,771 13,771
Students per Teacher 17.7 17.7

Elementary Schools near Redford, MI

School Grades Students P/T Ratio ZIP
American Montessori Academy Upper Elementary 03 - 06 231 17.8 48240
Ann Arbor Trail Magnet School PK - 08 395 16.5 48239
Beech Elementary 02 - 05 645 18.4 48240
Carver Elementary-Middle School PK - 08 330 13.8 48228
Cooke Elementary School PK - 06 312 17.3 48223
Crestwood Accelerated Program KG - 04 72 24 48127
Detroit Achievement Academy KG - 08 59 9.8 48223
Detroit Community Schools - Elementary KG - 08 381 20.3 48223
Detroit Innovation Academy KG - 07 304 21.7 48228
Detroit Leadership Academy Elementary PK - 05 265 19.6 48223
Detroit Premier Academy KG - 08 738 21.1 48228
Dixon Elementary School PK - 08 622 15.6 48228
Fisher Elementary School KG - 05 458 18.6 48239
Gardner Elementary School PK - 05 261 15.3 48228
Global Heights Academy PK - 05 241 14.8 48127
Henderson Academy PK - 08 750 17.1 48228
Highview Elementary School PK - 04 303 12.9 48127
Hillcrest Elementary School KG - 04 270 16.8 48127
Jane Addams Elementary School KG - 05 304 19.3 48239
Kinloch Elementary School KG - 04 499 20.2 48127
Macgowan School PK - 01 298 14.4 48240
Mann Elementary School PK - 05 341 17.1 48228
Murphy Elementary PK - 08 290 16.1 48223
Redford Service Learning Academy Campus PK - 08 416 27.7 48240
River Oaks Elementary School PK - 05 336 15.3 48127
Thomas Jefferson Elementary School KG - 05 329 19.2 48239
Vandenberg Elementary School KG - 05 295 17.9 48239
Warrendale Charter Academy KG - 08 712 20.3 48228
Washington-Parks Academy KG - 08 727 19.6 48239

Middle Schools near Redford, MI

School Grades Students P/T Ratio ZIP
Dearborn 6/7 Stem School 06 - 07 58 14.5 48127
Detroit West Preparatory Academy PK - 07 289 21.8 48240
Hilbert Middle School 06 - 08 583 22.7 48239
John D. Pierce Middle School 06 - 08 689 16.2 48239
Michigan Technical Academy Middle School 05 - 08 462 16.5 48239
Riverside Middle School 05 - 08 1,105 18.9 48127

High Schools near Redford, MI

School Grades Students P/T Ratio ZIP
Cody Academy of Public Leadership 09 - 12 368 16.7 48228
Crestwood High School 09 - 12 1,259 19.5 48127
Detroit Community Schools - High School 09 - 12 407 15.8 48223
Detroit Institute of Technology At Cody 09 - 12 280 14.7 48228
Lee M. Thurston High School 09 - 12 1,021 20.7 48239
Medicine and Community Health Academy At Cody 09 - 12 443 16.4 48228
Redford Union High School 09 - 12 744 21.3 48240
Southeast Michigan Cyber Academy 09 - 12 301 327.2 48240

Ungraded Schools near Redford, MI

School Grades Students P/T Ratio ZIP
* Dearborn Magnet High School 09 - 12 30 15 48127
* VERITAS 09 - 12 73 24.3 48240
* Westwood Alternative Education High School North 09 - 12 83 48127
American International Cyber School UG - UG 0 48240
Clara B. Ford Academy (Sda) 05 - 12 127 8.5 48127
David Ellis Academy West KG - 12 733 21.6 48240
Dearborn Academic Center of Excellence 08 - 09 27 27 48127
Detroit Leadership Academy Middle/High 06 - 10 218 27.3 48228
Gompers Elementary-Middle School PK - 09 786 17.9 48223
Howe Trainable Center and Montessori PK - 12 220 10.7 48127
Regents Academy KG - 12 65 325 48240
Soar Academic Institute 06 - 12 55 157.1 48239
Star International Academy PK - 12 1,656 20.1 48127
Stuckey Center KG - 12 141 8 48240
Vista Meadows Academy 04 - 12 100 14.3 48127
W-A-Y Academy - Chicago Site 07 - 11 165 16.2 48228

Demographics near Redford, MI

Metric City County
Neighborhood Type Suburban
Population 53,613 1,789,781
Population Density 4,225 2,925
Median Age 38.2 37.8
People per Household 2.6 2.6
Median Household Income 58,815 52,830
Average Income per Capita 27,175 29,953