$61,000 Sold
5530 alter road, detroit, MI 48224
Property Description
Welcome to this full gem in the desirable 48224 zip code! This property offers incredible potential, featuring multi-family 5 spacious bedrooms (3 on the first floor and 2 upstairs), 3 full bathrooms, and a convenient half bath in the basement. With separate living and dining rooms on both floors, this home provides ample space and privacy. Recent upgrades include a brand-new roof and new gutters (11/2024), ensuring peace of mind for years to come. This property offers a spacious layout with a fireplace on the first floor, a spacious basement with two extra rooms, perfect for extra storage or workspace, and the 2-car garage offers additional value with some rehab needed. Whether you are looking to flip or hold for long-term rental income, this property offers endless possibilities, this will be a great investment situated in a beautiful neighborhood. Don’t miss this incredible opportunity – submit your offer today! This property is ready to generate rental income or serve as a fantastic owner-occupied home. Schedule a showing now and make it yours!
General Information
Sold Price: $61,000
Price/SqFt: $24
Status: Sold
Date Sold: 06/05/2025
MLS#: 20240093046
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: wallace frank b alter rd gardens
Acres: 0.11
Lot Dimensions: 40.00 x 115.00
Bedrooms:5
Bathrooms:4 (3 full, 1 half)
House Size: 2,512 sq.ft.
Acreage: 0.11 est.
Year Built: 1938
Property Type: Single Family
Style: Traditional
Features & Room Sizes
Paved Road: Paved
Garage: 2 Car
Garage Description: Detached, Driveway, Garage Faces Front
Construction: Brick
Exterior: Brick
Garage: 2 Car
Garage Description: Detached, Driveway, Garage Faces Front
Construction: Brick
Exterior: Brick
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $1,284
Est. Winter Taxes: $111
Est. Summer Taxes: $1,284
Est. Winter Taxes: $111
HOA fees: 0
Legal Description: E ALTER 70 FRANK B WALLACE ALTER RD GARDENS A SUB L41 P10 PLATS, W C R 21/602 40 X 115.48A
Legal Description: E ALTER 70 FRANK B WALLACE ALTER RD GARDENS A SUB L41 P10 PLATS, W C R 21/602 40 X 115.48A
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders Listing By: Tekeila Steen of Keller Williams Realty-Great Lakes, Phone: (586) 541-4000
