For Sale
6037 Appoline Street, Dearborn, MI 48126
$465,000
MLS # 20261045677 (Realcomp)
Built 19300.1 acres
1 / 20
Listing Description
EXCELLENT 5-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY LOCATED AT 6037 APPOLINE. THIS WELL-MAINTAINED BUILDING OFFERS A STRONG UNIT MIX, STABLE TENANCY, AND CLEAR UPSIDE THROUGH LEASING THE CURRENT VACANT UNIT. FOUR OF THE FIVE UNITS ARE OCCUPIED WITH CURRENT GROSS RENT OF $3,550 PER MONTH, AND THE LARGEST 1-BEDROOM UNIT, APPROXIMATELY 700 SF, IS CURRENTLY BEING MARKETED AT $925–$950 PER MONTH. THE PROPERTY HAS BENEFITED FROM SEVERAL IMPORTANT IMPROVEMENTS, HIGHLIGHTED BY A FULL BOILER REPLACEMENT COMPLETED IN 2021 WITH CITY CERTIFICATION. THIS IS ONE OF THE STRONGEST CAPITAL IMPROVEMENTS ON THE BUILDING. ADDITIONAL UPDATES INCLUDE UNIT RENOVATIONS, FLOORING UPDATES, BATHROOM AND KITCHEN IMPROVEMENTS, AND EMERGENCY/EXIT LIGHTING INSTALLED FOR THE CERTIFICATE OF OCCUPANCY. APPLIANCES HAVE ALSO BEEN REPLACED AS NEEDED ON TURNOVER. WITH TWO LEASES COMMITTED THROUGH 2026 AND 2027, LONG-TERM TENANTS IN PLACE, ON-SITE LAUNDRY, AND RENTAL UPSIDE WITH UNIT 4, THIS PROPERTY OFFERS BOTH IMMEDIATE CASH FLOW AND A VALUE-ADD OPPORTUNITY FOR AN INCOME-FOCUSED BUYER.
Source: SparkMLS
About this home
This 5-bath home built in 1930 sits in Dearborn in Dearborn.
Listed at $465,000.
Estimated annual property tax: $6,385, or about $532 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms5
Lot Size0.1 acres
Year Built1930
Location
CityDearborn
MunicipalityDearborn City
Zip Code48126
CountyWayne
School DistrictDearborn
Construction & Systems
ConstructionBrick
HeatingBaseboard
WaterPublic
Sale & Financing
Listed6/16/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$6,385
Parcel #32821008313019
Source: SparkMLS
Legal Description
LOT 308 ROBERT OAKMANS OAKMAN BLVD & MILLER AVE SUB
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Ali T Charara
Century 21 Curran & Oberski
Frequently Asked Questions about 6037 Appoline Street, Dearborn, MI 48126
Which school district serves 6037 Appoline Street, Dearborn, MI 48126?
Per MLS# 20261045677, 6037 Appoline Street, Dearborn, MI 48126 is in the Dearborn boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Dearborn directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261045677, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 6037 Appoline Street, Dearborn, MI 48126?
Per public tax records, annual property taxes for this property are $6,385. 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, 6037 Appoline Street, Dearborn, MI 48126 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 6037 Appoline Street, Dearborn, MI 48126 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 6037 Appoline Street, Dearborn, MI 48126?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. 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.
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Monthly payment$3,016
Principal & interest$3,016
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
6037 Appoline Street, Dearborn, MI 48126
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Municipality
Dearborn
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County
Wayne County
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