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$ 288,400
$ 315,000 8.4%
Est. payment /mo
Sold on 08/21/2026
7225 American Street Detroit, MI 48210
4 Baths
4,791 Sqft Lot
UPDATED:
Key Details
Sold Price $288,400
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20261048588
Sold Date 08/21/26
HOA Y/N true
Year Built 1926
Annual Tax Amount $3,305
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 36.61X129.21
Source Realcomp
Property Description
Turn-key four-unit investment opportunity in the heart of Detroit offering immediate rental income with additional upside. This well-maintained quadplex features three occupied units—two currently leased at $900 per month each and one leased at $1,000 per month—with one vacant unit ready for an owner-occupant or new tenant. Ideal for FHA buyers and investors alike, this property presents an excellent opportunity to house hack, build equity, or expand your portfolio. Conveniently located near major roads, schools, and city amenities, this income-producing property offers flexibility and strong potential for future cash flow.
Location
State MI
County Wayne
Zoning Multiple
Direction Continue On Us-24 S/Telegraph Rd. Take I-96 Express To Jeffries Fwy In Detroit. Take Exit 188 From I-96 E 18 Min (15.0 Mi) Take Livernois To American St
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W18I013697S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by REMAX City Centre
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