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New
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$465,000

For Sale

6 days ago

6037 Appoline St, Dearborn, MI

House

MLS® 20261045677

0 Bed

5 Bath

2214 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2214 sqft
Garage 
Taxes $6,385
Days Active 5
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

-End Date
Not Sold YetSold Price

For Sale

Jun 17, 2026List Date
$465,000List Price
May 21, 2025End Date
$875Sold Price

Leased

Apr 21, 2025List Date
$875List Price
Aug 17, 2023End Date
$850Sold Price

Leased

Jul 27, 2024List Date
$850List Price
  • Commute

Commute

Starting Address
Destination Address
6037 Appoline St, Dearborn, MI

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