6037 Appoline Street, Dearborn, MI 48126
Local realty services provided by:CENTURY 21 Curran & Oberski
6037 Appoline Street,Dearborn, MI 48126
$465,000
- - Beds
- 5 Baths
- 2,214 sq. ft.
- Multi-family
- Active
Listed by:
Ali Charara(313) 289 - 2222CENTURY 21 Curran & Oberski
Office: century 21 curran & oberski
MLS#:20261045677
Source:MI_REALCOMP
Price summary
- Price:$465,000
- Price per sq. ft.:$210.03
About this home
HEART OF EAST DEARBORN MULTI-FAMILY INVESTMENT OPPORTUNITY PRIME APPOLINE MULTI-FAMILY OPPORTUNITY LOCATED IN THE HEART OF EAST DEARBORN, OFFERING TWO WELL-LOCATED OCCUPIED PROPERTIES WITH STRONG TENANCY, RECENT CAPITAL IMPROVEMENTS, AND MEANINGFUL RENT UPSIDE. THE OFFERING INCLUDES 6022-6028 APPOLINE, A FULLY OCCUPIED 4-UNIT PROPERTY WITH ALL 1-BEDROOM / 1-BATH UNITS, CURRENTLY PRODUCING $3,515/MONTH GROSS INCOME. THE PROPERTY HAS LONG-TERM TENANTS IN PLACE, ZERO MOVE-OUTS SINCE 2023, AND SEVERAL RECENT IMPROVEMENTS INCLUDING HVAC REPLACEMENT WORK, MAJOR PLUMBING UPGRADES, FRONT PORCH MASONRY, EXTERIOR C OF O REPAIRS, AND APPLIANCES REPLACED ON TURNOVER. THREE OF THE FOUR UNITS ARE CONVENTIONAL MONTH-TO-MONTH AND MAY BE DELIVERABLE TO AN OWNER-OCCUPANT, MAKING THIS AN EXCELLENT OPPORTUNITY FOR AN FHA BUYER, HOUSE-HACKER, OR INVESTOR SEEKING STABLE INCOME WITH UPSIDE. UNIT 6028 #4 IS A SECTION 8 VOUCHER TENANCY, WITH APPROXIMATELY $595 OF THE $875 RENT PAID DIRECTLY BY THE HOUSING AUTHORITY SINCE 2019. 6037 APPOLINE, A 5-UNIT MULTI-FAMILY PROPERTY WITH ALL 1-BEDROOM / 1-BATH UNITS. ONCE UNIT 4 IS LEASED AT THE CURRENT ASKING RANGE OF $925-$950/MONTH, THE STABILIZED GROSS INCOME IS PROJECTED AT APPROXIMATELY $4,485/MONTH, OR ROUGHLY $53,800 ANNUALLY. CURRENT IN-PLACE GROSS INCOME IS $3,550/MONTH WITH FOUR OF FIVE UNITS OCCUPIED. THE PROPERTY FEATURES STRONG TENANCY, COMMITTED LEASES THROUGH 2026 AND 2027, ON-SITE LAUNDRY, AND RECENT IMPROVEMENTS INCLUDING BOILER/MECHANICAL WORK BY DETROIT FURNACE, UNIT RENOVATIONS, FLOORING UPDATES, EMERGENCY AND EXIT LIGHTING FOR C OF O, AND APPLIANCES REPLACED ON TURNOVER.
BOTH PROPERTIES OFFER A RARE OPPORTUNITY TO ACQUIRE INCOME-PRODUCING MULTI-FAMILY ASSETS IN ONE OF EAST DEARBORN’S MOST ACTIVE RENTAL MARKETS, WITH STABLE IN-PLACE INCOME AND ROOM TO INCREASE RENTS OVER TIME. FINANCIALS AND ADDITIONAL PROPERTY DETAILS AVAILABLE UPON REQUEST....
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Home facts
- Year built:1930
- Listing ID #:20261045677
- Added:1 day(s) ago
- Updated:June 17, 2026 at 08:56 PM
Rooms and interior
- Total bathrooms:5
- Full bathrooms:5
- Basement Description:Unfinished
- Living area:2,214 sq. ft.
Heating and cooling
- Heating:Baseboard, Natural Gas
Structure and exterior
- Year built:1930
- Building area:2,214 sq. ft.
- Lot area:0.1 Acres
- Architectural Style:Colonial
- Construction Materials:Brick
- Foundation Description:Basement, Block
- Levels:Two
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$465,000
- Price per sq. ft.:$210.03
- Tax amount:$6,385
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