For Sale
5525 Haverhill Street, Detroit, MI 48224
$110,000
MLS # 20261015336 (Realcomp)
3 beds1 bath1,416 sqftBuilt 19290.11 acres
1 / 7
Listing Description
Great investment opportunity! 5525 Haverhill is a tenant-occupied property with long-term stability in place. Currently rented through a Section 8 program at $1,200 per month, with a lease in effect through October 31, 2026. Please do not disturb the tenant. No showings will be permitted until an offer is accepted. Ideal for investors seeking immediate cash flow with a reliable rental history.
Source: SparkMLS
About this home
3-bedroom, 1-bath, 1,416 sq ft home in Finney in Detroit built in 1929.
Asking $110,000 (about $78/sq ft).
Estimated annual property tax: $2,439, or about $203 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 TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,416 sqft
Lot Size0.11 acres
Year Built1929
Stories2
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionAluminum Siding, Brick
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed3/16/2026
Original Price$115,000
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$2,690
Tax Year2025
State Equalized Value$38,000
Assessed Value$38,000
Parcel #21070214.
Source: Public Records
Legal Description
W HAVERHILL 1061 EAST DETROIT DEVELOPMENT COS SUB NO 2 L36 P20 PLATS, W C R 21/426 40 X 114
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jim Shaffer
Good Company
Frequently Asked Questions about 5525 Haverhill Street, Detroit, MI 48224
Which school district serves 5525 Haverhill Street, Detroit, MI 48224?
Per MLS# 20261015336, 5525 Haverhill Street, Detroit, MI 48224 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261015336, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5525 Haverhill Street, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $5,073. 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, 5525 Haverhill Street, Detroit, MI 48224 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 5525 Haverhill Street, Detroit, MI 48224 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 utilities serve 5525 Haverhill Street, Detroit, MI 48224?
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$2,439
Monthly$203
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$917
Principal & interest$713
Property taxes$203
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
5525 Haverhill Street, Detroit, MI 48224
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Neighborhood
Finney
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Community
Detroit
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County
Wayne County
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