Sold
3114 S ELECTRIC Street, Detroit, MI 48217
Sold on 01/09/2025 for$84,000
MLS # 20240051734 (Realcomp)
3 beds2 baths880 sqftBuilt 19260.07 acres
1 / 15
Listing Description
**INVESTORS** Don’t miss this fantastic opportunity to add a reliable income-producing property to your portfolio. This charming 3-bedroom, 1.5-bath home is currently rented for $1,200 per month, providing consistent cash flow and a strong return on investment. Please do not disturb tenants, schedule a showing today!
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 880 sq ft home built in 1926 sits in Boynton in Detroit.
This home sold for $84,000 (about $95/sq ft).
Estimated annual property tax: $777, or about $65 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. Broadband is available with download speeds up to 1,200 Mbps from 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area880 sqft
Lot Size0.07 acres
Year Built1926
Stories1
Location
CityDetroit
Zip Code48217
CountyWayne
School DistrictDetroit City School District
Construction & Systems
ConstructionAluminum Siding, Brick, Other
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed8/4/2024
Sold Date1/8/2025
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,210
Tax Year2025
State Equalized Value$12,100
Assessed Value$12,100
Parcel #20014136.
Source: Public Records
Legal Description
N ELECTRIC 420 HARRAHS FORT ST SUB L30 P53 PLATS, W C R 20/424 30 X 104.34A
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Wael Nehme
U.S. Investor Group
Frequently Asked Questions about 3114 S ELECTRIC Street, Detroit, MI 48217
Which school district serves 3114 S ELECTRIC Street, Detroit, MI 48217?
Per MLS# 20240051734, 3114 S ELECTRIC Street, Detroit, MI 48217 is in the Detroit City School District boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit City School District directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20240051734, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 3114 S ELECTRIC Street, Detroit, MI 48217?
Per public tax records, annual property taxes for this property are $571. 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, 3114 S ELECTRIC Street, Detroit, MI 48217 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 3114 S ELECTRIC Street, Detroit, MI 48217 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 3114 S ELECTRIC Street, Detroit, MI 48217. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 3114 S ELECTRIC Street, Detroit, MI 48217?
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.
Map
Tax Estimate
$
Annual tax$777
Monthly$65
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$648
Principal & interest$584
Property taxes$65
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
35 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
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
3114 S ELECTRIC Street, Detroit, MI 48217
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Neighborhood
Boynton
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Community
Detroit
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County
Wayne County
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