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Jim Blehm

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

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1038 Parker St , Detroit, MI 48214
$475,000
Est. Payment: $1,055.56/mo
0 Bed
0 Bath
0 Sqft
Status: Active Contingent | Days on site: 281
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House Description

There is a signed PA, just waiting for removal of contingencies,. Currently used as a 3-unit in West Village under $500K offering income potential and flexible layout in one of Detroit's most walkable historic neighborhoods. With 3,800 approximate sqft and a 60x157 lot, this 1920 gem combines charm, space, and rare versatility. Currently configured as a triplex, this property includes two finished units: Unit #2 (second floor) offers 2 bedrooms, 2 full baths, a large living room, dining area, and updated kitchen with hardwood floors. Unit #3 (third floor) features a living room, kitchen, dining space, and full bath and 1 bedroom. The entry level has been gutted and is ready for a custom design--ideal for owner-occupants, additional rental income, or a grand single-family conversion. Historic details remain, including original hardwoods and a fireplace on the main floor. There is a deep backyard with gardens, fruit trees, and a rain barrel setup. The 5-car garage with alley acce West Village, where alley-entry garages are part of the charm. Walk to local restaurants and Bistros, the Detroit Riverfront, and multiple parks. Whether you're seeking an investment, a multi-generational layout, or a single-family home with room to grow, this West Village opportunity is one of a kind for character, flexibility,design and walkability. ________________________________________

Highlights

Listed by E'toile O'Rear-Libbett , 248-470-3462 and Dave Libbett , 248-943-8169 Starlite Properties , 248-470-3462.

Property Type

Multi-Family

Lot/Acreage
0.22

Year Built

1920

County

Wayne

Area

Wayne County - 100

Neighborhood

Parkers Resub

School District

Detroit

Listing ID

25059644

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Full

Exterior Features

Lot:Level,Sidewalk
Garage Capacity:5
Roof:Composition,Other
Sewer:Public Sewer
Principal Interest
$1,056
Taxes
$215

Home Price

$475,000

Loan Details

30 yrs
%

Down Payment

20%
$95,000
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Monthly Price:
$1,055.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,055.56 $215.17 $0.00 $1,270.72
Yearly $12,666.67 $2,582.00 $0.00 $15,248.67
Total $380,000.00 $77,460.00 $0.00 $457,460.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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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.