Sold
7464/7460 Southfield Road, Detroit, MI 48228
Sold on 06/29/2026 for$99,975
MLS # 20261028198 (Realcomp)
Built 19590.09 acres
1 / 24
Listing Description
Exceptional investment opportunity featuring an 8-unit apartment portfolio consisting of four duplex buildings located at 7438-7440 Southfield, 7444-7446 Southfield, 7452-7454 Southfield, and 7460-7464 Southfield. This fully occupied complex offers immediate cash flow with strong upside potential for the next owner. Well-positioned for investors seeking a stabilized asset with room to increase rents, improve operations, or enhance long-term value. Each duplex offers solid rental demand and a desirable multi-building layout that helps diversify tenancy. Whether you're expanding your portfolio or entering the multifamily market, this income-producing property is ready for its next buyer. Rare opportunity to acquire 8 units in one package with endless potential.
Source: SparkMLS
About this home
This 8-bath home built in 1959 sits in Brooks in Detroit.
Closed at $99,975.
Annual property taxes run approximately $2,234 ($186/month). 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 TypeMulti Family
Bathrooms8
Lot Size0.09 acres
Year Built1959
Location
CityDetroit
Zip Code48228
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementSlab
HeatingForced Air
WaterPublic
Sale & Financing
Listed4/23/2026
Sold Date6/28/2026
Terms AcceptedCash, Conventional, FHA
Source: SparkMLS
Tax Information
Annual Tax$3,480
Tax Year2025
State Equalized Value$34,800
Assessed Value$34,800
Parcel #22072800.
Source: Public Records
Legal Description
E SOUTHFIELD E 93.70 FT ON N LINE BG E 95.23 FT ON S LINE OF 385 WEST HAVEN SUB NO 1 L43 P37 PLATS, W C R 22/251 40.01 X 92.94A
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Moe Kassem
EXP Realty Main
Frequently Asked Questions about 7464/7460 Southfield Road, Detroit, MI 48228
What school district is 7464/7460 Southfield Road, Detroit, MI 48228 in?
Per MLS# 20261028198, 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# 20261028198, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA. 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# 20261028198, the most recent reported annual property tax for 7464/7460 Southfield Road, Detroit, MI 48228 is $3,898. 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 7464/7460 Southfield Road, Detroit, MI 48228 eligible for USDA financing?
Per USDA Rural Development boundary data, 7464/7460 Southfield Road, Detroit, MI 48228 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, 7464/7460 Southfield Road, Detroit, MI 48228 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.
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$2,234
Monthly$186
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$2,780
Principal & interest$2,594
Property taxes$186
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
7464/7460 Southfield Road, Detroit, MI 48228
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Neighborhood
Brooks
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Community
Detroit
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County
Wayne County
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