My Company's Sold Listings

$410,000 (USD)
Sold

Dearborn Area Multifamily

Sold

6022-6028 Appoline Dearborn, MI 48126

Bed
4 Baths
3024 sqft
6022–6028 APPOLINE PRESENTS A STRONG, FULLY OCCUPIED 4-UNIT MULTIFAMILY OPPORTUNITY IN DEARBORN.? THE PROPERTY CONSISTS OF FOUR SPACIOUS 1-BEDROOM / 1-BATH UNITS, APPROXIMATELY 800 SQUARE FEET EACH, WITH CURRENT GROSS INCOME OF $3,515 PER MONTH.? THE MOST RECENT LEASE WAS SIGNED AT $915 PER MONTH, SHOWING CLEAR RENTAL UPSIDE AS IN-PLACE RENTS REMAIN BELOW MARKET.?
THE BUILDING HAS BENEFITED FROM MEANINGFUL CAPITAL IMPROVEMENTS, INCLUDING HVAC REPLACEMENT WORK BY DETROIT FURNACE IN 2021, MAJOR PLUMBING UPGRADES BY FROST & KRETSCH FROM 2020–2021, NEW FRONT PORCH STEPS AND MASONRY IN 2022, AND EXTERIOR REPAIRS COMPLETED FOR THE CITY OF DEARBORN CERTIFICATE OF OCCUPANCY IN 2020.? APPLIANCES HAVE ALSO BEEN REPLACED AS UNITS TURNED OVER.?
TENANCY IS STABLE, WITH ZERO MOVE-OUTS SINCE 2023.? CURRENT TENANTS AVERAGE APPROXIMATELY FIVE YEARS IN PLACE, WITH THE LONGEST TENANT IN PLACE FOR ABOUT SEVEN YEARS.? THREE OF THE FOUR UNITS ARE CONVENTIONAL MONTH-TO-MONTH TENANCIES, PROVIDING FLEXIBILITY FOR A FUTURE OWNER-OCCUPANT OR INVESTOR.? UNIT 6028 #4 IS A HOUSING-VOUCHER TENANCY WITH APPROXIMATELY $595 OF THE $875 RENT PAID DIRECTLY BY THE HOUSING AUTHORITY AND CONSISTENT PAYMENTS DATING BACK TO 2019.? WITH STABLE OCCUPANCY, DEPENDABLE INCOME, RECENT MAJOR IMPROVEMENTS, AND REAL UPSIDE THROUGH RENTAL GROWTH, THIS IS AN ATTRACTIVE DEARBORN MULTIFAMILY ASSET FOR INVESTORS OR OWNER-OCCUPANTS SEEKING INCOME AND FLEXIBILITY.?
Listing Courtesy of REALCOMP / Listed By: Ali T "Ali" Charara, Century 21 Curran & Oberski
$410,000 (USD)
Sold

Lawrence Twp Area Residential

Sold

60846 N Lakeshore Drive Lawrence Twp, MI 49064

3 Bed
2 Baths
1178 sqft
Must-see ranch-style lakehouse with 138 feet of private frontage on all-sports Reynolds Lake! This 3 bed, 2 bath home sits on a double lot atop a hill, offering stunning elevated lake views and breathtaking sunsets. Three sets of sliding glass doors span the back of the home offering seamless access to the expansive deck. Reynolds Lake is perfect for all your favorite activities — boating, fishing, water-skiing, or taking the family tubing! Plenty of room to store water toys in the 2 car garage and 2 sheds. Enjoy the best of lake life with both spacious front and back yards, ideal for entertaining, games, bonfires, or relaxing. Minutes away from golf and located just 15 minutes from Paw Paw, where you’ll find quaint coffee shops, local retail, and live weekend entertainment throughout the summer. Only 30 minutes to Lake Michigan beaches in South Haven and just 2 hours from Chicago or Detroit. Whether you're looking for a year-round home or weekend getaways, this property delivers the perfect lakefront lifestyle. Schedule your showing today and make this summer unforgettable!
The front porch and deck are scheduled to be professionally sanded and stained the week of August 18, 2025.
Pricing for furniture, pontoon boat & dock, which are being sold separately, are available upon request.
Listing Courtesy of REALCOMP / Listed By: Cheryl Sibley, Century 21 Curran & Oberski