12400 Barlow Street
Detroit, MI 48205
- – beds
- 4 baths
- 2,880 sqft
- 3,920 sqft lot
- $73 per sqft
- 1929 build
- – on site
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**INVESTORS!! Cash flowing turn-key investment property on Detroit's east side. Currently a 1BR/1BA per unit 4-plex, can be converted into a 7-unit for even larger ROI!! This is a PERFECT opportunity for new investors because the seller is providing many financing options to create a low to NO down payment acquisition! One unit rented; $650/mo; however, seller can reveal blueprints for a 2BR conversion plan which would raise the value of both building and rents. This opportunity is fantastic! Nearly turnkey - seller leaving 3 units vacant so buyer can choose final unit options before leasing. There is the option of adding 3 more basement units AND coin laundry - which would bring the property to 7 total units and giant ROI fueled by monthly rents of around $4,900!! You must come see and evaluate the potential!! This brick beauty has a newer roof, windows and major updates to attract clean, quality tenants. Close to major freeways, main roads, shopping and necessities. This won't last!!
Last checked:
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Last updated Jan 16, 2025
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MLS# 20240043565 —
The Building
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Year Built:1929
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Year Remodeled:1929
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New Construction:false
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Construction Materials:Brick
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Architectural Style:Colonial
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Levels:Two
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Basement:Full, Unfinished
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Basement:true
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Foundation Details:Basement, Block
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Above Grade Finished Area:2880.0
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Below Grade Total Area:1440
Interior
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Fireplace:false
Room Dimensions
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Living Area:2880.0
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Living Area Source:PublicRecords
Location
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Directions:South of 6 Mile, East of Hoover
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Cross Street:S of 6 Mile /E of Hoover
The Property
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Parcel Number:21033028.
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:0.09
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Lot Size Area:0.09
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Lot Size Dimensions:40 x 101
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Lot Size Units:Acres
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Zoning Description:Multi-Family
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Road Frontage Feet:40
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (313) 274-7200
- Office phone:
- (313) 274-7200
Taxes
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Tax Legal Description:E BARLOW AVE 20 BLK D GRATIOT HIGHLANDS SUB L29 P64 PLATS, W C R 21/446 40 X 100.90
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Tax Assessed Value:42500
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Tax Annual Amount:955.0
Baths
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Total Baths:4
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Full Baths:4
Heating & Cooling
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Heating:ForcedAir, NaturalGas
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Heating:true
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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High School District:Airport
The Community
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Subdivision Name:GRATIOT HIGHLANDS SUB (PLATS)
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Senior Community:false
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Pool Features:None
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Waterfront:false
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Pets Allowed:No
Parking
-
Attached Garage:false
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/4/24
Oct 4, 2024
|
Sold | REALCOMP | $211,000 | 181.3% (36.8% / YR) |
|
10/31/19
Oct 31, 2019
|
REALCOMP | $75,000 |
