CALLING ALL INVESTORS- Partially renovated high performing single-family unit that will make the perfect addition to your current or new investment portfolio With current rent comps in the area averaging $1,250/month, and yearly expenses--including taxes and insurance--totaling less than $3,000, this property offers a strong ROI and a healthy cap rate. Located in the quiet and well-maintained PARK DRIVE SUB, this is an opportunity you don't want to miss!
CALLING ALL INVESTORS- Partially renovated high performing single-family unit that will make the perfect addition to your current or new investment portfolio With current rent comps in the area averaging $1,250/month, and yearly expenses--including taxes and insurance--totaling less than $3,000, this property offers a strong ROI and a healthy cap rate. Located in the quiet and well-maintained PARK DRIVE SUB, this is an opportunity you don't want to miss!
BUILDIUM #1
Aug 16, 2024
Rental Removed
$1,300
$1/sq ft
Jul 27, 2024
Listed for Rent
$1,300
$1/sq ft
Public Records
Jun 13, 2022
Sold
$68,500
$47/sq ft
Public Records
May 4, 2022
Sold
$51,000
$35/sq ft
Public Records
Jun 22, 2006
Sold
$63,000
$43/sq ft
MiRealSource-MiMLS #237725
Dec 16, 2005
Sold
$63,000
$43/sq ft
Nov 30, 2005
Listing Removed
—
Nov 27, 2005
Listed
$64,900
$45/sq ft
Public Records
Jun 10, 2005
Sold
$118,510
$81/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,276 (+0.4%)
2024
$7,250 (+105.3%)
2023
$3,532 (+42.3%)
2022
$2,482 (+12.1%)
2021
$2,214
2020
$2,213 (+822.3%)
2016
$240 (−89.5%)
2015
$2,281 (−17.9%)
2014
$2,778
Tax history for 12661 Riad St
Year
Property tax
Land + Additions
Assessment*
2025
$7,276 (+0.4%)
2024
$7,250 (+105.3%)
2023
$3,532 (+42.3%)
2022
$2,482 (+12.1%)
2021
$2,214
2020
$2,213 (+822.3%)
2016
$240 (−89.5%)
2015
$2,281 (−17.9%)
2014
$2,778
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
1
Stories
2
Lot width
40 ft.
Lot depth
122 ft.
Lot size
4,792 Sq. Ft.
Year renovated
—
Sq. Ft.
1,458
Year built
1939
Style
Single Family Residential
County
Wayne County
APN
21057663.
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 24, 2026.
R1
Single-Family Residential District
The R1 Single-Family Residential District is designed to protect and preserve quiet, low-density residential areas now primarily developed and those areas which will be developed with single-family detached dwellings and characterized by a high ratio of home ownership. The regulations for this district are designed to stabilize and protect the essential characteristics of the district and to promote and encourage a suitable environment for activities associated with family life. To these ends, development is limited to a relatively low concentration and uses permitted by right are limited to single-family detached dwellings which provide homes for the residents of the area. Additional residential uses such as religious institutions, neighborhood centers, and utility uses necessary to serve the immediate area may be permitted on a conditional basis.
Permitted uses
Include but are not limited to:
Housing-Single unit
Property details
Parking
Parking Information
Parking Features: Detached
Garage Information
Garage Spaces: 1
Has Garage
No Attached Garage
Interior
Heating & Cooling
Has Heating
Heating: Forced Air
Interior Features
# of Rooms Total: 4
Has Fireplace
Room Information
Basement: Full
Exterior
Building Information
Building Area Total: 808
Construction Materials: Brick
Exterior Features
Year Built: 1939
Lot Information
Lot Size Acres: 0.11
Lot Size Area: 0.11
Lot Size Units: Acres
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Water Source: Public
Living Area: 1458.0
Financial
Tax Information
Tax Year: 2025
Tax Annual Amount: $3,299
Tax Assessed Value: $41,245
Location
HOA Information
Association Fee Includes: Electricity, Water, Trash, Heat
Has Association
School Information
High School District: Detroit
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 1,458
Stories: 2.0
Lot Size: 4,792 square feet
Style: Single Family Residential
Year Built: 1939
Year Renovated: —
County: Wayne County
APN: 21057663.
Home facts updated by county records on Oct 24, 2026
Around this home
Schools
Carleton Elementary School
Public PreK-5 • Assigned • 0.5mi
4/10
Fisher Magnet Upper Academy
Public 5-8 • Assigned • 0.6mi
Denby High School
Public 9-12 • Assigned • 0.4mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Detroit, MI • 48224
Average low and high temperatures (°F)
28
17
34
21
50
33
59
42
66
50
80
63
84
69
78
64
75
58
65
49
50
39
37
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 11% for direct sun exposure in Detroit. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$93,000 – $113,000
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