For Sale
15235 Forrer Street, Detroit, MI 48227
$279,900
MLS # 20261039741 (Realcomp)
Built 19540.14 acres
1 / 2
Listing Description
Turnkey Multi-Family Two Parcel Package: Immediate Cash Flow & Long-Term ValueSeize a rare portfolio addition with these two fully occupied, solid brick two-family properties. Both properties are next door to each other. Offering a combined four doors of consistent rental income, this package is an investor’s dream.Property Highlights:• Layouts: Each of the 4 units features an identical 2-bed, 1-bath layout with spacious living/dining rooms and full kitchens.• Turnkey: All appliances included (stoves, refrigerators, washers, and dryers).• Parking & Amenities: Each property includes a detached two-car garage.• Location: Situated in a high-demand rental market close to major roads, public transit, and parks.Note: Price reflects this is a package deal. Includes MLS# 20261040153. Sorry, no access without an accepted offer.
Source: SparkMLS
About this home
This 2-bath home built in 1954 sits in Cerveny Grandmont in Detroit.
Currently offered at $279,900.
Annual property taxes run approximately $4,031 ($336/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
Bathrooms2
Lot Size0.14 acres
Year Built1954
Location
CityDetroit
Zip Code48227
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed5/31/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$5,250
Tax Year2025
State Equalized Value$62,800
Assessed Value$62,800
Parcel #22054457.002L
Source: Public Records
Legal Description
W FORRER S 8 FT 157 N 34 FT 158 RUGBY SUB L29 P75 PLATS, WCR 22/18 42 X 150
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Amelia Dean Hamm
Signature Sotheby's International Realty Nvl
Frequently Asked Questions about 15235 Forrer Street, Detroit, MI 48227
What school district is 15235 Forrer Street, Detroit, MI 48227 in?
Per MLS# 20261039741, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 15235 Forrer Street, Detroit, MI 48227?
Per MLS# 20261039741, 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# 20261039741, the most recent reported annual property tax for 15235 Forrer Street, Detroit, MI 48227 is $6,941. 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 15235 Forrer Street, Detroit, MI 48227 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 15235 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.
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.
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Tax Estimate
$
Annual tax$4,031
Monthly$336
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$2,151
Principal & interest$1,815
Property taxes$336
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
15235 Forrer Street, Detroit, MI 48227
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Neighborhood
Cerveny Grandmont
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Community
Detroit
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County
Wayne County
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