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4239 ALTER Road

$ 535,000
4239 ALTER RD ,


Investment opportunity! Stately all brick 12 unit located in one of Detroit’s most desirable rental markets. Perfect density for the investor looking to build their portfolio. Numerous updates. At 49K per door, this is a tremendous value in one of Detroit’s most active rental markets. Superb location in close proximity to I-94, Grosse Pointe, Jefferson Chalmers.

Address: 4239 ALTER RD
Zip: 48215
Open In Google Maps
Property Id : 26563
Price: $ 535,000
Bathrooms: 12
Building size: 0.10 acres
Available Space: 8000 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Architecture Style: Colonial
Assessment: 0
Basement Type: Unfinished
Baths Full: 12
Baths Half: 0
CDOM: 323
CoList Agent MUI: 242552538
CoList Agent Direct Work Phone: (313) 974-1830
CoList Agent Email:
CoList Agent FullName: Alex Lauer
CoList Agent MLSID: 387117
CoList Office MUI: 359448062
CoList Office MLSID: 412060
CoList Office Name: Alexander Real Estate Detroit, LLC
CoList Office Phone: (313) 230-0510
Construction Materials: Brick
County Or Parish: Wayne
Directions: From 94...S on Alter
Directions From EastWest: W
Directions From EastWest Detail: Lakepointe
Directions From NorthSouth: S
Directions From NorthSouth Detail: I-94
DOM: 323
Foundation Details: Basement
Foundation Materials: Block
Gross Scheduled Income: 72000.00
Heating: Forced Air
Heating Fuel: Natural Gas
Income Projection: Projected
Last Change Type: Price Decrease
List Office Name: Alexander Real Estate Detroit, LLC
List Price By Acre: 5350000.0000
Lock Box Type: Appointment
Living Area Source: Public Records
Lot Size Dimensions: 40.00X105.80
MLS: Realcomp II Ltd
MLS Area Major: Det Con-Mors/Grat. Hstn/7 Mack
MLS Area Major Number: 05055
MLS Number: 219105792
Monthly Rental Income: 6000
Number Of Units Leased: 4
Annual Net Income: 15000.00
Number Of Units Total: 12
Original List Price: 590000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W21I063060S
Postal City: Detroit
Postal Code Plus 4: 4004
Property Type: Multifamily
Protection Period: 90 days
Pets Allowed: Yes
Road Frontage Type: Paved
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer at Street
Short Sale: No
State Equalized Value: 23200.0000
Street Name: ALTER
Street Number: 4239
Street Suffix: Road
Subdivision Name: EDWIN LODGE (PLATS)
Sqft Combined: 8000
Sqft Total Bsmt: 1200
Table: Multi Family
Tax Amount Summer: 1886.0000
Tax Amount Winter: 220.0000
Tax Legal Description: W ALTER ROAD 551 EDWIN LODGE SUB L35 P10 PLATS, W C R 21/463 40 X 105.77A
Title: Private - Owned
Total Tax: 2106.0000
Unit Count: 1
Unit Efficiency Number Of: 12
Unit Four Bed Number Of: 0
Unit Loft Number Of: 0
Unit One Bed Number Of: 0
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 0
Water Source: Municipal Water
Year Built: 1929
Zoning: Multi-Family
Customer Comment: Yes
Encroachment: No
Existing Lease: Yes
Land Contract: No
Publish Sale Price: Yes
Waterfront: No
Basement: Yes
Down Payment Resource: No
Percent Homestead Exempt: No
Pool: No
IDX provided courtesy of Realcomp II Ltd., via Alexander Real Estate Detroit, LLC and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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