Sold
4240 WAVERLY Street, Detroit, MI 48238
Sold on 11/04/2024 for$93,000
MLS # 20240062009 (Realcomp)
Built 19260.08 acres
1 / 43
Listing Description
Calling all Investors and House Hackers! Income Producing property, twelve minutes from Downtown. This Duplex brings in 800-850/mo currently. The Property has the potential to be more profitable due to rent being below market! Both upstairs and downstairs units have two bedrooms, a den, a dining room and one full bath. The lower unit is recently unoccupied, upper unit has tenants. Duplex has newly renovated basement, new furnace and duct work and new plumbing throughout both units.Property being sold AS-IS. Set up all appointments through showing time, tenant needs 24 hour notice. Set up your showings today!ALL INFORMATION IS ESTIMATED, PLEASE VERIFY ALL INFORMATION PRIOR TO CLOSING.
Source: SparkMLS
About this home
Located in Winterhalter in Detroit, this property offers 2-bath, with original construction dating to 1926.
Final sale price: $93,000.
Estimated annual property tax: $1,451, or about $121 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Broadband is available with download speeds up to 2,000 Mbps from 6 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.08 acres
Year Built1926
Location
CityDetroit
Zip Code48238
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed8/20/2024
Sold Date11/3/2024
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$1,305
Tax Year2025
State Equalized Value$22,600
Assessed Value$22,600
Parcel #14005417.
Source: Public Records
Legal Description
Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 12/30/2020. N WAVERLY 45 RUSSELL WOODS SUB L34 P3 PLATS, W C R 14/195 35 X 100
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: Russell Woods-Sullivan Historic District
Exterior changes may require Historic District Commission (HDC) approval
Source: Detroit Historic District CommissionUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Chauntia Rogers
Metropolitan Real Estate
Frequently Asked Questions about 4240 WAVERLY Street, Detroit, MI 48238
What school district is 4240 WAVERLY Street, Detroit, MI 48238 in?
Per MLS# 20240062009, 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# 20240062009, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20240062009, the most recent reported annual property tax for 4240 WAVERLY Street, Detroit, MI 48238 is $1,414. 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 4240 WAVERLY Street, Detroit, MI 48238 eligible for USDA financing?
Per USDA Rural Development boundary data, 4240 WAVERLY Street, Detroit, MI 48238 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, 4240 WAVERLY Street, Detroit, MI 48238 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 this property in a historic district?
Per local historic district records, 4240 WAVERLY Street, Detroit, MI 48238 is located within the Russell Woods-Sullivan Historic District. Properties in locally-designated historic districts may require Historic District Commission (HDC) approval for exterior modifications. Contact the local HDC for current guidelines.
Is fiber internet available at 4240 WAVERLY Street, Detroit, MI 48238?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 4240 WAVERLY Street, Detroit, MI 48238. The maximum advertised download speed is 2.0 Gbps. 6 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.
Map
Tax Estimate
$
Annual tax$1,451
Monthly$121
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$828
Principal & interest$707
Property taxes$121
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
2 Gbps
Upload
250 Mbps
CableGSO SatelliteSatelliteDSLLicensed Fixed Wireless
6 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
4240 WAVERLY Street, Detroit, MI 48238
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Neighborhood
Winterhalter
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Community
Detroit
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County
Wayne County
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