12927 Plymouth Rd, Detroit, MI, 48227
About This Home
INVESTORS: Cash-flow from day one with this high-performing 10-unit apartment building at 12927 Plymouth Rd, priced to move at $550,000! Currently fully leased and generating $6,000/month in actual rent, this asset delivers an impressive 8%+ Cap Rate with additional room to grow. This rare deal also includes two adjacent vacant parking lots,12913 Plymouth Rd and 12901 Plymouth Rd ( Fenced parking lot ), offering massive value for tenant parking or future development . The property features a low-maintenance brick exterior and gated courtyard, making it a perfect addition to any portfolio. Tenants pay their own electric bills, including for the electric baseboard heat. Please do not disturb tenants. Buyer and buyer’s agent to verify all information; room measurements are approximate. Property is being sold AS-IS. No virtual showings. All buyers must be accompanied by a licensed real estate agent. A signed NDA and POF/Pre-Approval Letter are required to receive the full Rent Roll.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1955
Materials
- Foundation: Slab
- Roof: Asphalt
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 11
- Bathrooms: 2
- Full bathrooms: 10
Features
- Finished area above ground: 4,467
Heating & Cooling
- Heating features: Baseboard,Electric
- Cooling features: Wall Units
Interior Area
- Total interior livable area: 4,467 sqft
Property
Details
- Parcel number: W22I004864C9
- Zoning description: MultiFamily
- Special condition: Short Sale No,Standard
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Lot size: 0.28 Acres
- Lot size dimensions: 120 x 100
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Wayne County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,523 | $30,276 |
| Home Insurance * | $1,785 | $21,420 |
| Property Taxes | $611 | $7,332 |
| Electricity | $487 | $5,846 |
| Total | $5,406 | $64,872 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-28 | Price change | $499,000 |
| 2026-03-06 | Price change | $550,000 |
| 2026-01-10 | Listing removed | $600 |
| 2025-10-03 | Listed for rent | $600 |
| 2022-09-17 | Pending sale | $414,900 |
| 2022-09-16 | Sold | $380,000 |
| 2022-01-17 | Price change | $414,900 |
| 2021-11-16 | Listed for sale | $424,900 |
| 2017-09-28 | Listing removed | $440 |
| 2017-03-22 | Price change | $440 |
| 2017-02-10 | Listed for rent | $430 |
| 2016-07-02 | Listing removed | $475 |
| 2016-02-23 | Listing removed | $425 |
| 2016-01-20 | Listed for rent | $425 |
| 2015-12-12 | Listing removed | $425 |
| 2015-12-02 | Listed for rent | $425 |
| 2015-08-15 | Listing removed | $425 |
| 2015-08-06 | Listed for rent | $425 |
| 2015-05-16 | Listing removed | $400 |
| 2015-05-08 | Listed for rent | $400 |
| 2015-04-03 | Listing removed | $400 |
| 2015-03-22 | Listed for rent | $400 |
| 2014-06-06 | Listing removed | $120,000 |
| 2014-01-01 | Listing removed | $400 |
| 2014-01-01 | Listed for sale | $120,000 |
| 2013-10-31 | Listed for rent | $400 |
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