4631 Meldrum St, Detroit, MI 48207

$50,000 Asking Price

4 beds
2 baths
2,282  sqft
Built in 1905

****Buy and hold, investor special, also Land Contract available*** Great opportunity in a booming neighborhood. ARV of 240,000. "12.5 million was awarded to Detroit from USDOT and the state of Michigan to make the Gratiot corridor from 8 Mile Road to Downtown Detroit safer. - Sep 25, 2024." Land Cntrt Price: 60,000 / Land DWP: 30,000 / Land Int Rate: 0 / Land Payment: 1,000 / Land Cntrt Term: 30.

Features & Amenities

Interior

Basement:
Unfinished
Heating:
Natural Gas, Hot Water

Exterior

General:
Aluminum
Style:
Colonial

Construction

General:
2 Story, Basement

Location

Road/Access:
Paved Street
Originating MLS:
RealComp
School District:
Detroit City School District
County:
Wayne

Lot

Zoning:
W MELDRUM 1 PETER FISCHERS SUB L23 P26 PLATS, W C R 15/57 N 33.67 FT 7 MALOW BROS SUB L23 P2 PLATS, W C R 15/147 29.5 IRREG, W15I013668S

Utilities

Water:
Public Water at Street
Sewer:
Public At Street

Financial

Source:
RealComp

This listing courtesy of:
IKONIK REALTY, Hasnat Khan

About Detroit, MI

Housing

Number of Units
292,561
Median Home Value
$70,234
Median Rent
$679

53.65% of housing units are renter occupied.

18.25% are vacant.

Commute

Car
71.17%
Public Transportation
5.99%
Walk to Work
3.15%
Work from Home
17.73%
Other
1.42%

The median travel time to work is 23 minutes.

People

Population
593,210
Median Age
36.40
Median Household Size
2.38

Education

High School
33.32%
Associate’s Degree
7.33%
Bachelor’s Degree
9.43%
Graduate Degree
6.96%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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