16225 Greenfield Road, Detroit, MI 48235 (MLS# 25023572)
16225 Greenfield Road, Detroit, MI 48235
New Listing
$1,400,000
Property Type:
Multi Family
Lot Size (sq. ft.):
25,439
Status:
Active
Current Price:
$1,400,000
List Date:
5/22/2025
Last Modified:
5/22/2025
Description
These two multifamily properties offer strong investment potential with diverse rental opportunities. 16217 Greenfield Road features six units across two stories, with an average unit size of 673 square feet and a 67% occupancy rate. The mix of one- and two-bedroom units appeals to various tenants. 16225 Greenfield Road, with 26 units averaging 586 square feet, includes studios, one-bedroom, and two-bedroom units, with rents ranging from $650 to $900. Both properties offer competitive pricing and a variety of unit types, making them ideal for investors seeking to capitalize on the demand for affordable rental housing.
More Information MLS# 25023572
Location Property Info
County: Wayne
Street #: 16225
Street Name: Greenfield
Suffix: Road
State: MI
Zip Code: 48235
Area: Wayne County - 100
OfficeContract Info
Status: Active
Current Price: $1,400,000
List Price: $1,400,000
Listing Date: 2025-05-22
General Property Info
Lot Measurement: Acres
Lot Square Footage: 25439
Lot Acres: 0.58
Lot Dimensions: 179 x 142
Year Built: 1966
New Construction: No
Road Frontage: 179
Total # Units: 26
# of Diff Unit Floor Plans: 5
Total # Bldgs: 2
Total Parking Spaces: 32
Waterfront: No
School District: Detroit
Tax Info
Tax ID #: 22050822-3
Taxable Value: 401835
SEV: 472700
For Tax Year: 2024
Annual Property Tax: 34924
Tax Year: 2024
Spec Assessment & Ty: N/A
Remarks Misc
Directions: on Greenfield between Hemlock & Florence
Access Feat
Accessibility Features: No
Unit 1
Unit Description: 16225 Greenfield
SqFt: 852
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 16225 Greenfield
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 16225 Greenfield
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: 16217 Greenfield
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 5
Unit Description: 16217 Greenfield
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Laundry Room
Exterior Material: Brick
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: None
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Terms Available: Cash; Conventional
Sale Conditions: None
Listing Office: Hub, LLC
Listing Agent: Shelby Fulkerson
Last Updated: May - 22 - 2025
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