FOR SALE
14988 Lappin St
Detroit, MI 48205
Regent Park
Studio
2 Baths
1,440 sqft
- Studio
- 2 Baths
- 1,440 sqft
Studio
2 Baths
1,440 sqft
Local Information
© Google
-- mins to
Commute Destination
Description
A turnkey investment opportunity in Detroit awaits you! *This tenant-occupied 7-property 12-unit portfolio offers a 14.30% cap rate on current rents, with upside from rent increases due on many units. Properties included: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini. *** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$56
Listed
180+ days ago
Home Details for 14988 Lappin St
Interior Features |
|---|
Interior Details Basement: UnfinishedNumber of Rooms: 1Types of Rooms: Basement |
Beds & Baths Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1440 Square Feet |
Heating & Cooling Heating: Forced Air,Natural GasNo CoolingHas HeatingHeating Fuel: Forced Air |
Fireplace & Spa No Fireplace |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
Exterior Features |
|---|
Exterior Home Features Foundation: Basement, Block |
Parking & Garage Has a GarageParking Spaces: 2Parking: Garage |
Frontage Road Surface Type: PavedNot on Waterfront |
Farm & Range Frontage Length: Frontage: 35' |
Days on Market |
|---|
Days on Market: 180+ |
Property Information |
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Year Built Year Built: 1926 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Colonial |
Building Construction Materials: Brick |
Property Information Parcel Number: W21I021703S |
Price & Status |
|---|
Price List Price: $80,000Price Per Sqft: $56 |
Status Change & Dates Possession Timing: Rental Agreement |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: DetroitCommunity: Gratiot American Park |
School Information Elementary School District: DetroitJr High / Middle School District: DetroitHigh School District: Detroit |
Agent Information |
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Listing Agent Listing ID: 20230081104 |
Building |
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Building Area Building Area: 1440 Square Feet |
HOA |
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Association for this Listing: Realcomp II Ltd |
Lot Information |
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Lot Area: 4356 sqft |
Listing Info |
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Special Conditions: Short Sale - No |
Offer |
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Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional |
Compensation |
|---|
Buyer Agency Commission: 3Buyer Agency Commission Type: %Sub Agency Commission: 3Sub Agency Commission Type: %Transaction Broker Commission: 3Transaction Broker Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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BasementMls Number: 20230081104 |
Additional Information |
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Publish Sale Price: 1 |
Last check for updates: about 22 hours ago
Listing courtesy of Kevin Devergilio, (586) 580-8092
REALTEAM Real Estate, (586) 580-8092
Originating MLS: Realcomp II Ltd
Source: Realcomp II, MLS#20230081104
Price History for 14988 Lappin St
| Date | Price | Event | Source |
|---|---|---|---|
| 09/25/2023 | $80,000 | Listed For Sale | Realcomp II #20230081104 |
| 11/17/2018 | $40,000 | Sold | N/A |
| 05/14/2003 | $22,000 | Sold | N/A |
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Property Taxes and Assessment
| Year | 2023 |
|---|---|
| Tax | |
| Assessment | $15,800 |
Home facts updated by county records
Comparable Sales for 14988 Lappin St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.72 | Multi-Family Home | $43,500 | 10/04/23 | 2 | 704 | ||
0.67 | Multi-Family Home | $52,000 | 11/22/23 | 2 | 840 | ||
0.43 | Multi-Family Home | $99,000 | 03/14/24 | 2 | 1 | 1,320 | |
0.81 | Multi-Family Home | $54,000 | 09/07/23 | 2 | 1,680 | ||
0.64 | Multi-Family Home | $125,000 | 12/07/23 | 2 | 1,680 | ||
0.77 | Multi-Family Home | $37,500 | 10/27/23 | 3 | 1 | 985 | |
0.96 | Multi-Family Home | $75,000 | 08/03/23 | 2 | 840 | ||
0.94 | Multi-Family Home | $119,400 | 02/05/24 | 2 | 1,868 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Regent Park
- Trulia User
- Resident
- 1y ago
"There are multiple schools in the area and access to public transportation. However, just like any neighborhood you must stay aware of your surroundings. Also the police do not come to this area in a timely fashion if needed. Overall it’s not that bad of an area to live in. "
- Trulia User
- Resident
- 2y ago
"it is a good neighborhood many schools around plenty of shopping area's the transportation and walking distance"
- Nicywells
- Resident
- 3y ago
"My neighborhood is a Family it’s coming along nicely the life is coming back into it more and more each day "
- Deseantutt88
- Resident
- 4y ago
"The Detroit community is getting back to how it used to be in the good ole days. It’s a whole lot safer and neighbors are appreciated by each other."
- Jrrodgers223
- Visitor
- 4y ago
"Good community and everyone stays to themselves most of the time and it’s a kid and pet friendly neighborhood."
- Cassndrarudolph
- Resident
- 4y ago
"Yes it’s an okay place to live and schools are available for kids to walk toThere are communities stores restaurants and boutiques and places to buy wardrobes phones they are gas stations close by it’s a very good commute back-and-forth to the home"
- Lalisha G.
- Resident
- 4y ago
"There are many families in this neighborhood. However, there are not a lot of parks and play areas for kids."
- Lalisha G.
- Resident
- 4y ago
"I do not use public transportation. I mostly drive to get around in my neighborhood as well as to and from work."
- Connie P.
- Resident
- 4y ago
"I lived in this neighborhood for 3 years.. my block is very quiet and has a lot of homeowners.. everyone maintains their lawns and surrounding areas.. it’s also very quiet."
- James M.
- Resident
- 4y ago
"I like that it’s a lot of home owners and they work together to keep the blocks up and the rift raft away when possible. "
- Deshawn H.
- Resident
- 4y ago
"Dogs are welcome. You see people walking there dogs periodically; you hear dogs barking frequently. "
- Ebony G.
- Resident
- 4y ago
"food drives sports for kids light builders who rehab home in the area small businesses therapy daycares schools tutoring easy commute to shopping areas"
- Deshawn H.
- Resident
- 4y ago
"Regent Park has a community association that is very helpful and always making strides to improve the quality of life in this area. "
- Luretha W.
- Resident
- 4y ago
"I lived in Detroit for a very long time and haven’t had a problem yet. Currently steal here on the east side and love this side of town to death"
- Jadorè
- Resident
- 4y ago
"People walk their dogs all the time it’s just a lot of stray animals here so they might bother your walk."
- James M.
- Resident
- 5y ago
"I’ve lived in this neighborhood for 11years. I like the area most people that live on my block had been here for a while.. "
- Nicy W.
- Resident
- 5y ago
"I’ve lived in the Area For Over 15 Years It’s Getting Better Just Can’t Be Naive To Live Here........"
- Telly
- Resident
- 5y ago
"The Commute Isn’t Bad To Anywhere I Go I Work 5 Minutes Away And In My Area Everything I Need Is Near By"
- Terrance
- Resident
- 5y ago
"A lot of people own animals so it’s animal friendly. People control their pets so don’t often see any animals just running up and down the street "
- Kimberly H.
- Resident
- 5y ago
"The people who reside in the neighborhood that are striving to keep our area a safe and beautiful place to reside. "
- Michelle A.
- Resident
- 5y ago
"Nothing really it’s nothing but abandoned houses around here. It’s needs to be cleaned up. And maybe a neighborhood watch. More clean parks and areas for children to play"
- Desharar
- Visitor
- 5y ago
"Nice Area, quiet but not friendly. Lovely houses. Regent Area is rebuilding and becoming better than ever. People stay too their self."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Kevin Devergilio, REALTEAM Real Estate
IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS
Copyright 2024 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
The data relating to real estate properties on this website was last updated as recently as 2024-02-12 12:03:06 PST
Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR®- Lauren Buttazzoni - (313) 479-2702
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
14988 Lappin St, Detroit, MI 48205 is a studio, 2 bathroom, 1,440 sqft multi-family built in 1926. 14988 Lappin St is located in Regent Park, Detroit. This property is currently available for sale and was listed by Realcomp II on Sep 25, 2023. The MLS # for this home is MLS# 20230081104.