For Sale
8264 Cloverlawn Street, Detroit, MI 48204
$75,000
MLS # 20261048875 (Realcomp)
Built 19290.08 acres
1 / 1
Listing Description
Multi-Family Investment Opportunity Located just outside the desirable Aviation Subdivision on Detroit’s west side, presents a strong value-add opportunity for investors seeking cash flow and long-term appreciation. This solid brick, two-unit multifamily property features two spacious two-bedroom apartments, each offering: Two, two-bedroom apartments equipped with:• Expansive living room with fireplace • Formal dining room • Functional kitchen layout• Full bathrooms•Two generously sized bedrooms The property retains classic architectural character and offers substantial upside potential. While it does require cosmetic updates, the structure itself is solid—making it an ideal light-rehab project for investors looking to build equity quickly. Additional features include a massive basement with two large, separate storage areas—one designated for each unit—providing added convenience for tenants and increased rental appeal. With current two-bedroom payment standards through Michigan State Housing Development Authority (MSHDA), is $1313 per two bedroom, this property has projected income of $2626 per month and $31, 512 per year. Presents a compelling opportunity for Section 8 or other housing assistance rental strategies. Whether you’re expanding your portfolio or entering the multifamily market, this is a prime opportunity in a stable west-side Detroit location. THIS DEAL WILL GO FAST! ACT NOW!
Source: SparkMLS
About this home
2-bath home in Mackenzie in Detroit built in 1929.
Asking $75,000.
Annual property taxes run approximately $501 ($42/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
Bathrooms2
Lot Size0.08 acres
Year Built1929
Location
CityDetroit
Zip Code48204
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
Sale & Financing
Listed6/26/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$233
Tax Year2025
State Equalized Value$7,800
Assessed Value$7,800
Homestead (PRE)50%
Parcel #18014353.
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 12/30/2023. E CLOVERLAWN 453 J W FALES SUB L35 P25 PLATS, W C R 18/375 35 X 103
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Arnita M Parham
Prestige Realty Services LLC
Frequently Asked Questions about 8264 Cloverlawn Street, Detroit, MI 48204
What school district is 8264 Cloverlawn Street, Detroit, MI 48204 in?
Per MLS# 20261048875, 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# 20261048875, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261048875, the most recent reported annual property tax for 8264 Cloverlawn Street, Detroit, MI 48204 is $818. 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 8264 Cloverlawn Street, Detroit, MI 48204 eligible for USDA financing?
Per USDA Rural Development boundary data, 8264 Cloverlawn Street, Detroit, MI 48204 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, 8264 Cloverlawn Street, Detroit, MI 48204 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. 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.
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Tax Estimate
$
Annual tax$501
Monthly$42
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$528
Principal & interest$486
Property taxes$42
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
8264 Cloverlawn Street, Detroit, MI 48204
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Neighborhood
Mackenzie
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Community
Detroit
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County
Wayne County
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