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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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648 Alter Rd , Detroit, MI 48215
$239,900
Est. Payment: $1,235.36/mo
3 Bed
2 Bath
2988 Sqft
Status: pending | Days on site: 17
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

House Description

Rare Opportunity on the Grosse Pointe/Detroit Border! Just one block from the Detroit River and within walking distance of Coriander Kitchen & Farm, this spacious property offers incredible flexibility for homeowners and investors alike. Currently configured with separate upper and lower living spaces, the home is ideal for multigenerational living, an owner-occupant seeking rental income, or conversion to a spacious single-family residence. The lower level is owner occupied, while the upper unit is leased through October 1, 2026, providing immediate rental income. Estimated market rents are approximately $1,700 per month for the lower level and $800 per month for the upper level. Additional features include a detached two-car garage, basement storage, a generous lot, and an unbeatable location just minutes from the Detroit River, Belle Isle, downtown Detroit, and Grosse Pointe. Whether you're searching for a home with income potential or a property to make your own, this one offers exceptional value and endless possibilities.

Highlights

Listed by Lindsey Sundin , 248-318-2513 Vie Real Estate , 248-600-4669. MichRIC

Property Type

Residential

Lot/Acreage
0.16

Year Built

1959

County

Wayne

School District

Detroit

Listing ID

20261051831

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Refrigerator, Range, Microwave, Built-In Electric Oven
Air Cond:Central Air
Fireplaces:
Other:Master on Main
Other:Public

Exterior Features

Others:Porch(es)
Sewer:Public
Parking Features:Detached
Principal Interest
$1,235
Taxes
$10

Home Price

$239,900

Loan Details

30 yrs
6.676%

Down Payment

20%
$47,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,235.36

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,235.36 $10.42 $0.00 $1,245.78
Yearly $14,824.36 $125.00 $0.00 $14,949.36
Total $444,730.94 $3,750.00 $0.00 $448,480.94
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Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC