Sold
4470 E OUTER Drive, Detroit, MI 48234
Sold on 12/04/2025 for$975,000
MLS # 20251058117 (Realcomp)
Built 19560.3 acres
1 / 24
Listing Description
Welcome to 4470 E Outer Dr, a renovated 2-story, 2-building garden style 18-unit brick apartment building. All units are 1-bed, 1-bath situated on a 13,068 sq ft site with great curb appeal. With 8 agency tenants and 10 cash tenants, this building comes fully occupied and stabilized (over $15,000 gross income per month!) with room yet to increase rents significantly without large capital expenditures. Two newer boilers have been installed, the roof is newer, and the windows are newer and vinyl as well. There is also a parking lot with plenty of parking for tenants. Overall, an ideal opportunity to both cash flow now and value add through a simpler business plan of raising rents in already quality units. Offering memorandum, rent roll and P&L are available upon request.
Source: SparkMLS
About this home
Located in Grant in Detroit, this property offers 18-bath, with original construction dating to 1956.
Closed at $975,000.
Property tax estimate: $21,996 per year ($1,833/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 1,200 Mbps across 8 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms18
Lot Size0.3 acres
Year Built1956
Location
CityDetroit
Zip Code48234
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed12/3/2025
Sold Date12/3/2025
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$34,270
Tax Year2025
State Equalized Value$342,700
Assessed Value$342,700
Parcel #15005039-40
Source: Public Records
Legal Description
S OUTER DRIVE E 56&57 PATTERSON BROS & CO OUTER DR VAN DYKE SUB L46 P89 PLATS, W C R 15/260 104 X 125
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Joseph Hammel
Keller Williams Somerset
Frequently Asked Questions about 4470 E OUTER Drive, Detroit, MI 48234
What school district is 4470 E OUTER Drive, Detroit, MI 48234 in?
Per MLS# 20251058117, 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 4470 E OUTER Drive, Detroit, MI 48234?
Per MLS# 20251058117, 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# 20251058117, the most recent reported annual property tax for 4470 E OUTER Drive, Detroit, MI 48234 is $28,646. 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 4470 E OUTER Drive, Detroit, MI 48234 eligible for USDA financing?
Per USDA Rural Development boundary data, 4470 E OUTER Drive, Detroit, MI 48234 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, 4470 E OUTER Drive, Detroit, MI 48234 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 4470 E OUTER Drive, Detroit, MI 48234?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 1.2 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.
Map
Tax Estimate
$
Annual tax$21,996
Monthly$1,833
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$8,319
Principal & interest$6,486
Property taxes$1,833
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
1.2 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
4470 E OUTER Drive, Detroit, MI 48234
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Neighborhood
Grant
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Community
Detroit
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County
Wayne County
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