Map
Listed price in listed location currency (USD).
$465,000

050

MLS® 20261045677

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 2214 sqft
Garage 
Taxes $6,385
Days Active 32
Lot Size 0.1 Acres
Approx. Age 1930
Avg. Price Per Sqft $210
MLS® Number 20261045677

Property Address: 6037 Appoline St, Dearborn, MI, 48126-4707

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number20261045677
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1930
BasementUnfinished
Driveway
Garage Spaces
HeatBaseboard, Natural Gas
A/C

Extras

Price History

Last Sold Price

$875$875

Appreciation

--

Avg. Days Listed

13 days

Today, For Sale for $465,000

Brick-clad multi-story property featuring a pitched shingle roof, gabled architectural elements, and white-framed windows
For Sale · 32 days

$465,000

MLS® 20261045677

A month ago

Not Sold Yet

June 2026, For Sale for $465,000

Brick-clad multi-story property featuring a pitched shingle roof, gabled architectural elements, and white-framed windows
For Sale · 32 days

$465,000

MLS® 20261045677

A month ago

Not Sold Yet

May 2025, Leased for $875

Leased · 29 days

$875

MLS® 20250027784

A year ago

Sold on May 21, 2025

August 2024, Leased for $900

Leased · 11 days

$900

MLS® 20240050031

2 years ago

Sold on Aug 6, 2024

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties