For Sale
15003 Forrer Street, Detroit, MI 48227
$153,000
MLS # 20251052797 (Realcomp)
Built 19280.11 acres
1 / 8
Listing Description
Fully Occupied Two-Family Brick Corner Property – Investor Special!Welcome to 15003 Forrer, a solid brick duplex offering immediate rental income and long-term upside. Both units feature 2 bedrooms, 1 full bath, a spacious living room, formal dining room, and a full kitchen. Each unit also includes a four-seasons bonus room on the rear of the home—perfect for additional storage, office space, or a cozy sitting area. Both tenants are agency tenants. Guaranteed cash flow. Upper & Lower Units Are Both Tenant-Occupied, producing steady income from day one. The property sits on a corner lot with fencing, offering added privacy and curb appeal. Strong rental area with continued demand for multi-family properties.This is an ideal property for:Seasoned investors expanding their portfolioNew investors looking to start with an income-producing assetBuyers exploring house hacking while generating rental incomeKey Highlights:Fully occupied – rent collection begins at closingBrick construction on a corner lotFour-seasons room in both unitsSeparate living & dining rooms in each unitClose to major roads, amenities, and public transitDon’t miss this opportunity to secure a cash-flowing multi-family in an appreciating market. Schedule your showing today!
Source: SparkMLS
About this home
This 2-bath home built in 1928 sits in Cerveny Grandmont in Detroit.
Asking $153,000.
Annual property taxes run approximately $2,940 ($245/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Fiber internet is available at this address with download speeds up to 2,000 Mbps across 8 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.11 acres
Year Built1928
Location
CityDetroit
Zip Code48227
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed11/9/2025
Original Price$173,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$3,252
Tax Year2025
State Equalized Value$45,800
Assessed Value$45,800
Parcel #22054471.
Source: Public Records
Legal Description
W FORRER S 34 FT 165 EXC W 8 FT THEREOF RUGBY SUB L29 P75 PLATS, WCR 22/18 34 X 142
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Adrienne Ponce
EXP Realty Main
Frequently Asked Questions about 15003 Forrer Street, Detroit, MI 48227
What school district is 15003 Forrer Street, Detroit, MI 48227 in?
Per MLS# 20251052797, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20251052797, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20251052797, the most recent reported annual property tax for 15003 Forrer Street, Detroit, MI 48227 is $3,431. 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.
Is 15003 Forrer Street, Detroit, MI 48227 eligible for USDA financing?
Per USDA Rural Development boundary data, 15003 Forrer Street, 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 15003 Forrer Street, Detroit, MI 48227 is in flood zone X (minimal risk). 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.
Is fiber internet available at 15003 Forrer Street, Detroit, MI 48227?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 2.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Loading map...
Tax Estimate
$
Annual tax$2,940
Monthly$245
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$1,237
Principal & interest$992
Property taxes$245
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
2 Gbps
Upload
1 Gbps
CableFiberGSO SatelliteSatelliteLicensed Fixed WirelessDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
15003 Forrer Street, Detroit, MI 48227
View full property history →
Neighborhood
Cerveny Grandmont
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 15003 Forrer Street
We'll notify you when something hits the market in Cerveny Grandmont or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.