Sold
12661 Riad Street, Detroit, MI 48224
Sold on 04/13/2026 for$65,000
MLS # 26008787 (Michigan Regional Information Center (MichRIC))
0 beds1,458 sqftBuilt 19390.11 acres
1 / 23
Listing Description
CALLING ALL INVESTORS- Partially renovated high performing single-family unit that will make the perfect addition to your current or new investment portfolio With current rent comps in the area averaging $1,250/month, and yearly expenses--including taxes and insurance--totaling less than $3,000, this property offers a strong ROI and a healthy cap rate. Located in the quiet and well-maintained PARK DRIVE SUB, this is an opportunity you don't want to miss!
Source: SparkMLS
About this home
This 1,458 sq ft home built in 1939 sits in Denby in Detroit.
Closed at $65,000 (about $45/sq ft).
Property tax estimate: $2,959 per year ($247/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms0
Bathrooms0
Living Area1,458 sqft
Lot Size0.11 acres
Year Built1939
Stories2
Location
CityDetroit
MunicipalityDetroit City
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementFull
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed3/8/2026
Sold Date4/12/2026
Terms AcceptedCash, Conventional
Concessions$3,000
Source: SparkMLS
Tax Information
Annual Tax$4,001
Tax Year2025
State Equalized Value$46,100
Assessed Value$46,100
Parcel #21057663.
Source: Public Records
Legal Description
PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2024. W RIAD 767 SEVEN MILE CADIEUX SUB NO 6 L60 P17 PLATS, W C R 21/952 40 X 122
Property Records
USDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Victor Shauni
eXp Realty, LLC
Frequently Asked Questions about 12661 Riad Street, Detroit, MI 48224
Which school district serves 12661 Riad Street, Detroit, MI 48224?
Per MLS# 26008787, 12661 Riad Street, Detroit, MI 48224 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 26008787, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 12661 Riad Street, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $3,299 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 12661 Riad Street, Detroit, MI 48224 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What utilities serve 12661 Riad Street, Detroit, MI 48224?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Loading map...
Tax Estimate
$
Annual tax$2,959
Monthly$247
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
$
Monthly payment$798
Principal & interest$551
Property taxes$247
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
12661 Riad Street, Detroit, MI 48224
View full property history →
Neighborhood
Denby
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 12661 Riad Street
We'll notify you when something hits the market in Denby or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.