For Sale
12927 Plymouth Road, Detroit, MI 48227
$499,000
MLS # 20261014273 (Realcomp)
Built 19550.28 acres
1 / 8
Listing Description
INVESTORS: Cash-flow from day one with this high-performing 10-unit apartment building at 12927 Plymouth Rd, priced to move at $550,000! Currently fully leased and generating $6,000/month in actual rent, this asset delivers an impressive 8%+ Cap Rate with additional room to grow. This rare deal also includes two adjacent vacant parking lots,12913 Plymouth Rd and 12901 Plymouth Rd ( Fenced parking lot ), offering massive value for tenant parking or future development . The property features a low-maintenance brick exterior and gated courtyard, making it a perfect addition to any portfolio. Tenants pay their own electric bills, including for the electric baseboard heat. Please do not disturb tenants. Buyer and buyer’s agent to verify all information; room measurements are approximate. Property is being sold AS-IS. No virtual showings. All buyers must be accompanied by a licensed real estate agent. A signed NDA and POF/Pre-Approval Letter are required to receive the full Rent Roll.
Source: SparkMLS
About this home
Located in Mackenzie in Detroit, this property offers 10-bath, with original construction dating to 1955.
Asking $499,000.
Annual property taxes run approximately $6,643 ($554/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 TypeMulti Family
Bathrooms10
Lot Size0.28 acres
Year Built1955
Location
CityDetroit
Zip Code48227
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementSlab
HeatingBaseboard
WaterPublic
Sale & Financing
Listed3/5/2026
Original Price$550,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$9,041
Tax Year2025
State Equalized Value$103,500
Assessed Value$103,500
Parcel #22004864-9
Source: Public Records
Legal Description
S PLYMOUTH 30 THRU 35 COON AVE HGHTS SUB L36 P97 PLATS, W C R 22/576 120 X 100
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Behzad Bokani
RE/MAX Dream Properties
Frequently Asked Questions about 12927 Plymouth Road, Detroit, MI 48227
Which school district serves 12927 Plymouth Road, Detroit, MI 48227?
Per MLS# 20261014273, 12927 Plymouth Road, Detroit, MI 48227 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 financing options are available for 12927 Plymouth Road, Detroit, MI 48227?
Per MLS# 20261014273, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 12927 Plymouth Road, Detroit, MI 48227?
Per public tax records, annual property taxes for this property are $8,378. 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, 12927 Plymouth Road, Detroit, MI 48227 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.
Is 12927 Plymouth Road, Detroit, MI 48227 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 12927 Plymouth Road, Detroit, MI 48227?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. 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.
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Tax Estimate
$
Annual tax$6,643
Monthly$554
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
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Monthly payment$3,790
Principal & interest$3,237
Property taxes$554
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
12927 Plymouth Road, Detroit, MI 48227
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Neighborhood
Mackenzie
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Community
Detroit
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County
Wayne County
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