6022-6028 Appoline, Dearborn, MI 48126
Local realty services provided by:ERA Prime Real Estate Group
6022-6028 Appoline,Dearborn, MI 48126
$449,900
- - Beds
- 4 Baths
- 3,024 sq. ft.
- Multi-family
- Active
Listed by: ali t charara, ali h ayoub
Office: century 21 curran & oberski
MLS#:20261045671
Source:MI_REALCOMP
Price summary
- Price:$449,900
- Price per sq. ft.:$148.78
About this home
6022–6028 APPOLINE PRESENTS A STRONG, FULLY OCCUPIED 4-UNIT MULTIFAMILY OPPORTUNITY IN DEARBORN.? THE PROPERTY CONSISTS OF FOUR SPACIOUS 1-BEDROOM / 1-BATH UNITS, APPROXIMATELY 800 SQUARE FEET EACH, WITH CURRENT GROSS INCOME OF $3,515 PER MONTH.? THE MOST RECENT LEASE WAS SIGNED AT $915 PER MONTH, SHOWING CLEAR RENTAL UPSIDE AS IN-PLACE RENTS REMAIN BELOW MARKET.?
THE BUILDING HAS BENEFITED FROM MEANINGFUL CAPITAL IMPROVEMENTS, INCLUDING HVAC REPLACEMENT WORK BY DETROIT FURNACE IN 2021, MAJOR PLUMBING UPGRADES BY FROST & KRETSCH FROM 2020–2021, NEW FRONT PORCH STEPS AND MASONRY IN 2022, AND EXTERIOR REPAIRS COMPLETED FOR THE CITY OF DEARBORN CERTIFICATE OF OCCUPANCY IN 2020.? APPLIANCES HAVE ALSO BEEN REPLACED AS UNITS TURNED OVER.?
TENANCY IS STABLE, WITH ZERO MOVE-OUTS SINCE 2023.? CURRENT TENANTS AVERAGE APPROXIMATELY FIVE YEARS IN PLACE, WITH THE LONGEST TENANT IN PLACE FOR ABOUT SEVEN YEARS.? THREE OF THE FOUR UNITS ARE CONVENTIONAL MONTH-TO-MONTH TENANCIES, PROVIDING FLEXIBILITY FOR A FUTURE OWNER-OCCUPANT OR INVESTOR.? UNIT 6028 #4 IS A HOUSING-VOUCHER TENANCY WITH APPROXIMATELY $595 OF THE $875 RENT PAID DIRECTLY BY THE HOUSING AUTHORITY AND CONSISTENT PAYMENTS DATING BACK TO 2019.? WITH STABLE OCCUPANCY, DEPENDABLE INCOME, RECENT MAJOR IMPROVEMENTS, AND REAL UPSIDE THROUGH RENTAL GROWTH, THIS IS AN ATTRACTIVE DEARBORN MULTIFAMILY ASSET FOR INVESTORS OR OWNER-OCCUPANTS SEEKING INCOME AND FLEXIBILITY.?...
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Home facts
- Year built:1927
- Listing ID #:20261045671
- Added:33 day(s) ago
- Updated:July 21, 2026 at 10:06 AM
Rooms and interior
- Total bathrooms:4
- Full bathrooms:4
- Basement Description:Unfinished
- Living area:3,024 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1927
- Building area:3,024 sq. ft.
- Architectural Style:Colonial
- Construction Materials:Brick
- Foundation Description:Basement, Block
- Levels:Two
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$449,900
- Price per sq. ft.:$148.78
- Tax amount:$6,425
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