For Sale
2333/2335 Ferris Street, Detroit, MI 48209
$195,000
MLS # 20261052062 (Realcomp)
Built 19120.07 acres
1 / 56
Listing Description
Fantastic investment opportunity to own a duplex in Southwest Detroit. This property offers strong cash flow with great tenants already in place, making it an excellent investment for both new and seasoned investors. 2329 Ferris st is included in the sale. 2 new water heaters, Roof is approximate 5 years of age.Separate apartment units! Great long-term tenants (leases in place)! Buyer must honor all existing leases! Steady income & cash flow potential! Located in a rapidly developing area of Detroit. Situated near the exciting new Gordie Howe International Bridge project, this area is experiencing strong growth and revitalization. The property is also close to local shops, restaurants, parks, and major freeways, providing easy access to Downtown Detroit and Windsor, Canada. Showings by Appointment Only. Please do not disturb tenants. AS-IS SALE! Motivated seller. CASH ONLY. All information is estimated and not guaranteed; buyers should verify independently. Call today to schedule your private showing!
Source: SparkMLS
About this home
4-bath home in Springwells in Detroit built in 1912.
Asking $195,000.
Estimated annual property tax: $3,466, or about $289 monthly. 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
Bathrooms4
Lot Size0.07 acres
Year Built1912
Location
CityDetroit
Zip Code48209
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionOther
HeatingForced Air
WaterPublic
Sale & Financing
Listed8/21/2025
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$5,400
Tax Year2025
State Equalized Value$54,000
Assessed Value$54,000
Parcel #20007680.
Source: Public Records
Legal Description
W FERRIS 241 HARRAHS TOLEDO AVE SUB L16 P11 PLATS, W C R 20/191 30 X 100
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 Maria A Hernandez Garcia
Pro Realty Group
Frequently Asked Questions about 2333/2335 Ferris Street, Detroit, MI 48209
What school district is 2333/2335 Ferris Street, Detroit, MI 48209 in?
Per MLS# 20261052062, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20261052062, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261052062, the most recent reported annual property tax for 2333/2335 Ferris Street, Detroit, MI 48209 is $4,901. 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 2333/2335 Ferris Street, Detroit, MI 48209 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, 2333/2335 Ferris Street, Detroit, MI 48209 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.
Map
Tax Estimate
$
Annual tax$3,466
Monthly$289
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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%
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Monthly payment$1,554
Principal & interest$1,265
Property taxes$289
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
2333/2335 Ferris Street, Detroit, MI 48209
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Neighborhood
Springwells
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Community
Detroit
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County
Wayne County
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