6037 Appoline Street, Dearborn, MI 48126
6037 Appoline Street, Dearborn, MI 48126
6037 Appoline Street, Dearborn, MI 48126
6037 Appoline Street, Dearborn, MI 48126
6037 Appoline Street, Dearborn, MI 48126
6037 Appoline Street, Dearborn, MI 48126
Franny Kanalos
Franny Kanalos

Associate Broker License ID: 6506047312

+1(586) 243-1533

GET MORE INFORMATION

Full Name
Phone*
Message
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.

$ 410,000

$ 465,000 11.8%

Est. payment | /mo

5 Baths

2,214 SqFt

$ 410,000

$ 465,000 11.8%

Est. payment | /mo

5 Baths

2,214 SqFt

Key Details

Sold Price $410,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,214 sqft

Price per Sqft $185

Subdivision Mi

MLS Listing ID 61003291

Sold Date 08/07/26

Style 2 Story

Full Baths 5

Year Built 1930

Annual Tax Amount $6,385

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 35X121

Property Sub-Type Multi-Family

Property Description

EXCELLENT 5-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY LOCATED AT 6037 APPOLINE. THIS WELL-MAINTAINED BUILDING OFFERS A STRONG UNIT MIX, STABLE TENANCY, AND CLEAR UPSIDE THROUGH LEASING THE CURRENT VACANT UNIT. FOUR OF THE FIVE UNITS ARE OCCUPIED WITH CURRENT GROSS RENT OF $3,550 PER MONTH, AND THE LARGEST 1-BEDROOM UNIT, APPROXIMATELY 700 SF, IS CURRENTLY BEING MARKETED AT $925-$950 PER MONTH. THE PROPERTY HAS BENEFITED FROM SEVERAL IMPORTANT IMPROVEMENTS, HIGHLIGHTED BY A FULL BOILER REPLACEMENT COMPLETED IN 2021 WITH CITY CERTIFICATION. THIS IS ONE OF THE STRONGEST CAPITAL IMPROVEMENTS ON THE BUILDING. ADDITIONAL UPDATES INCLUDE UNIT RENOVATIONS, FLOORING UPDATES, BATHROOM AND KITCHEN IMPROVEMENTS, AND EMERGENCY/EXIT LIGHTING INSTALLED FOR THE CERTIFICATE OF OCCUPANCY. APPLIANCES HAVE ALSO BEEN REPLACED AS NEEDED ON TURNOVER. WITH TWO LEASES COMMITTED THROUGH 2026 AND 2027, LONG-TERM TENANTS IN PLACE, ON-SITE LAUNDRY, AND RENTAL UPSIDE WITH UNIT 4, THIS PROPERTY OFFERS BOTH IMMEDIATE CASH FLOW AND A VALUE-ADD OPPORTUNITY FOR AN INCOME-FOCUSED BUYER.

Location

State MI

County Wayne

Area Dearborn (82093)

Rooms

Basement Block

Interior

Heating Baseboard

Fireplace No

Exterior

Exterior Feature Brick

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Dearborn City School District

Others

Ownership Private

Energy Description Natural Gas

Acceptable Financing Cash

Listing Terms Cash

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Century 21 Curran & Oberski
Bought with LPS

NEARBY SCHOOL & BUSINESS

Franny Kanalos

+1(586) 243-1533

frannyk@epique.me

44633 N Gratiot Ave, Clinton Twp, MI 48036, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Franny Kanalos, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

6037 Appoline Street