ALL BRICK - 2 UNITS - SIDE BY SIDE IN A GREAT PART OF DETROIT! OWN A PERFORMING RENTAL PROPERTY ($1325 GROSS RENT) NEAR EAST ENGLISH VILLAGE AND 1 MILE FROM GROSSE POINTE. CHANDLER PARK A SHORT WALK. LOWER UNIT LEASED 03/2020 FOR 750. UPPER UNIT LEASED IN 2018 FOR 575. WHOPPING 22% CAP RATE! BOTH UNITS NICELY RENOVATED PRIOR TO TENANTS TAKING POSSESSION (SEE PICS). 2 BEDS/1 BATH EACH UNIT. HARDWOOD FLOORS T/O. PRIVATE BASEMENTS FOR EACH TENANT. TENANTS PAY ALL UTILITIES. 1/4 MILE FROM CORRIGAN PLAYGROUND AND THE FIRE STATION. BRAND NEW HVAC. ACCEPTED OFFER REQUIRED PRIOR TO SHOWING. CASH OFFERS STRONGLY PREFERRED. CONVENTIONAL CONSIDERED FOR THE RIGHT OFFER. ALL INFO DEEMED RELIABLE, NOT GURANTEED. BUYER/AGENT TO VERIFY. BUYER WILL PAY $495 ADMIN FEE TO ELITE REALTY AT CLOSING.
ALL BRICK - 2 UNITS - SIDE BY SIDE IN A GREAT PART OF DETROIT! OWN A PERFORMING RENTAL PROPERTY ($1325 GROSS RENT) NEAR EAST ENGLISH VILLAGE AND 1 MILE FROM GROSSE POINTE. CHANDLER PARK A SHORT WALK. LOWER UNIT LEASED 03/2020 FOR 750. UPPER UNIT LEASED IN 2018 FOR 575. WHOPPING 22% CAP RATE! BOTH UNITS NICELY RENOVATED PRIOR TO TENANTS TAKING POSSESSION (SEE PICS). 2 BEDS/1 BATH EACH UNIT. HARDWOOD FLOORS T/O. PRIVATE BASEMENTS FOR EACH TENANT. TENANTS PAY ALL UTILITIES. 1/4 MILE FROM CORRIGAN PLAYGROUND AND THE FIRE STATION. BRAND NEW HVAC. ACCEPTED OFFER REQUIRED PRIOR TO SHOWING. CASH OFFERS STRONGLY PREFERRED. CONVENTIONAL CONSIDERED FOR THE RIGHT OFFER. ALL INFO DEEMED RELIABLE, NOT GURANTEED. BUYER/AGENT TO VERIFY. BUYER WILL PAY $495 ADMIN FEE TO ELITE REALTY AT CLOSING.
REALCOMP #2200065667
Dec 17, 2020
Sold
$51,000
$23/sq ft
Sep 15, 2020
Pending
—
Aug 31, 2020
Price Changed
$50,000
$23/sq ft
Aug 31, 2020
Relisted
—
Aug 26, 2020
Contingent
—
Aug 14, 2020
Listed
$59,900
$27/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,652 (+2.9%)
2024
$4,520 (+46.8%)
2023
$3,079 (+99.5%)
2022
$1,544 (+2.7%)
2021
$1,504
2020
$1,503 (+1.5%)
2019
$1,482 (+3.6%)
2018
$1,430 (+2.0%)
2017
$1,402 (+19.2%)
2016
$1,176 (−2.9%)
2015
$1,211 (−0.4%)
2014
$1,216 (+2.0%)
2013
$1,192
Tax history for 4740 ALTER Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,652 (+2.9%)
2024
$4,520 (+46.8%)
2023
$3,079 (+99.5%)
2022
$1,544 (+2.7%)
2021
$1,504
2020
$1,503 (+1.5%)
2019
$1,482 (+3.6%)
2018
$1,430 (+2.0%)
2017
$1,402 (+19.2%)
2016
$1,176 (−2.9%)
2015
$1,211 (−0.4%)
2014
$1,216 (+2.0%)
2013
$1,192
*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
4
Baths
2
Stories
2
Lot width
35 ft.
Lot depth
100 ft.
Lot size
3,485 Sq. Ft.
Year renovated
—
Sq. Ft.
2,214
Year built
1922
Style
Townhouse
County
Wayne County
APN
21062900.
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 8, 2026.
R2
Two-Family Residential District
The R2 Two-Family Residential District is designed to protect and enhance those areas developed or likely to develop with single- or two-family dwellings. The district regulations are designed to promote a suitable environment for homes and for activities connected with family life. The only principal uses permitted by right are single- and two-family dwellings. Additional uses are conditional.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Interior
Bathroom Information
# of Bathrooms (Full): 2
# of Baths/Lavatories (Total): 2
Exterior
Exterior Features
Exterior Construction: Brick
Exterior Features: Porch
Foundation Type: Basement
Property Information
Property Type: Multi-Family
Structure Style: 2 Story
Styles: Ranch
Year Built: 1922
Lot Information
Zoning: Residential
Land Information
Acreage: 0.08
Roads: Paved Street
Frontage: 35
Financial
Tax/Assessments Information
Taxable Value: $12,902
Total Tax Amount: $1,481
Summer Tax Amount: $1,359
Winter Tax Amount: $122
Utilities
Utility Information
Separate Heat: Yes
Water Heater: Gas
Water: Public Water
Fuel Type: Natural Gas
Separate Heat
Heating System: Forced Air
Sewer Septic: Public Sanitary
Location
Mult-Unit Information
# of Units (Total): 2
Net Operating Income: $13,218
Net Operating Income: 13218
Unit 1 Information
Rent Rate: $575
Unit 2 Information
Rent Rate: $750
School Information
School District: Detroit City School District
School District: Detroit City School District
Address Information
Street Designation: Road
Location Details
Directions: EAST SIDE OF ALTER, SOUTH OF WARREN
Municipality Type: City
Municipality: Detroit
Mail City: Detroit
Subdivision: ELM PARK NO 1
Municipality: Detroit
Area (Municipality): Detroit (82001)
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 2,214
Stories: 2.0
Lot Size: 3,485 square feet
Style: Townhouse
Year Built: 1922
Year Renovated: —
County: Wayne County
APN: 21062900.
Home facts updated by county records on Aug 7, 2026
Other
Listing Information
Originating MLS: RealComp
Around this home
Schools
Brown Ronald Academy
Public PreK-8 • Assigned • 0.7mi
2/10
East English Village Preparatory Academy
Public 9-12 • Assigned • 1.5mi
3/10
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 96° 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 • 48215 2174
Average low and high temperatures (°F)
28
18
34
21
52
33
61
42
67
50
81
62
83
68
79
63
76
60
65
49
50
39
37
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 2.4 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
2.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$112,000 – $136,000
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