48238 Real Estate

48238 Real Estate

Welcome to the vibrant community of ZIP code 48238, nestled in the heart of Wayne County, Michigan. This area is a hidden gem that beautifully combines the charm of suburban living with the conveniences of urban amenities. Known for its rich history and diverse culture, 48238 is a neighborhood that welcomes residents with open arms.

One of the standout features of this area is its accessibility. Situated just a stone's throw away from Detroit, residents enjoy the perks of city life while retreating to the peaceful environment of their community. With major highways nearby, commuting to work or exploring the greater Detroit area is a breeze.

The neighborhood boasts a variety of parks and recreational spaces, perfect for families and outdoor enthusiasts. Whether you’re enjoying a leisurely stroll, picnicking with friends, or engaging in community sports, there’s something for everyone. The local schools are well-regarded, making this area a great choice for families looking to settle down in a nurturing environment.

Cultural diversity is at the heart of 48238, offering a rich tapestry of experiences, from local eateries serving delectable cuisine to community events that celebrate the neighborhood’s heritage. The real estate market here presents a mix of charming single-family homes and modern apartments, catering to a wide range of lifestyles and budgets.

If you’re looking for a place that combines convenience, community spirit, and a touch of charm, ZIP code 48238 is the perfect destination. Come discover your new home in this thriving neighborhood!

Newest Listings in 48238

13535 La Salle Boulevard, Detroit
$499,000
19 Baths ⋅ 20261088603 MLS ⋅ ACTIVE Status
Value-add apartment opportunity in Detroit with the hard work already underway. This 19-unit, three-story brick building offers about 11,075 square feet on 0.19 acre and is offered at 499,000, roughly 26,300 per unit and about 45 per square foot. Built in 1929, it has the solid construction and unit count investors look for at an entry price that leaves room to build equity. Location is a major strength. The property sits close to the Davison Freeway, I-96 and I-75, giving tenants fast routes to Downtown, Midtown and the rest of the metro area, which supports steady rental demand. Updates are already done where it counts. More than half of the units are renovated and rent-ready, with luxury vinyl plank flooring and refreshed kitchens and baths. Additional improvements include a new boiler installed in 2023, a rubber roof, brand-new fencing around the attached parking lot and an on-site coin laundry room for added income. The unit mix is 14 one-bedrooms, one two-bedroom and four studios. The potential is clear. Only one unit is currently occupied, so a new owner can lease up the renovated units at market rents right away, then complete cosmetic updates on the remaining units to raise occupancy and grow net income. At an assumed average rent of 900 per month, gross potential income is about 205,200 per year, a gross rent multiplier near 2.4 at list price. All financial figures are projections based on a pro forma stabilized analysis assuming full occupancy and are not current income. Buyer and buyer’s agent to verify all information, including unit count, zoning, square footage, rents and taxes.

13535 La Salle Boulevard, Detroit

13535 La Salle Boulevard, Detroit
$499,000
20261088604 MLS ⋅ ACTIVE Status
Value-add apartment opportunity in Detroit with the hard work already underway. This 19-unit, three-story brick building offers about 11,075 square feet on 0.19 acre and is offered at 499,000, roughly 26,300 per unit and about 45 per square foot. Built in 1929, it has the solid construction and unit count investors look for at an entry price that leaves room to build equity. Location is a major strength. The property sits close to the Davison Freeway, I-96 and I-75, giving tenants fast routes to Downtown, Midtown and the rest of the metro area, which supports steady rental demand. Updates are already done where it counts. More than half of the units are renovated and rent-ready, with luxury vinyl plank flooring and refreshed kitchens and baths. Additional improvements include a new boiler installed in 2023, a rubber roof, brand-new fencing around the attached parking lot and an on-site coin laundry room for added income. The unit mix is 14 one-bedrooms, one two-bedroom and four studios. The potential is clear. Only one unit is currently occupied, so a new owner can lease up the renovated units at market rents right away, then complete cosmetic updates on the remaining units to raise occupancy and grow net income. At an assumed average rent of 900 per month, gross potential income is about 205,200 per year, a gross rent multiplier near 2.4 at list price. All financial figures are projections based on a pro forma stabilized analysis assuming full occupancy and are not current income. Buyer and buyer’s agent to verify all information, including unit count, zoning, square footage, rents and taxes.

13535 La Salle Boulevard, Detroit

12625 Monica Street, Detroit
$139,900
3 Beds ⋅ 2 Baths ⋅ 20261088513 MLS ⋅ ACTIVE Status
Welcome to this Detroit classic! Located near the historic Oakman Boulevard subdivision, this impressive home combines timeless Detroit charm with modern updates throughout. Featuring 3 generously sized bedrooms and 1.5 bathrooms, this home is completely updated and ready for immediate occupancy—just buy it and move right in! Updates include brand-new siding, windows, flooring, kitchen, bathroom, fresh paint, blinds, light fixtures, and so much more. Step inside and appreciate the modern finishes paired with the home's classic character. You'll love the formal dining room and charming breakfast nook, both conveniently located near the kitchen. The beautifully updated kitchen stands out with its stylish green cabinetry, ample storage, and plenty of room to cook and entertain. Upstairs, you'll find all 3 bedrooms, each offering an impressive amount of space. The updated full bathroom completes the upper level. Head downstairs to discover a basement full of potential, already featuring a half bath and laundry hookups. Whether you envision a home office, additional storage, a recreation area, or a space to gather with friends and family, the possibilities are yours to explore. Out back, enjoy a large, fully fenced yard with an existing concrete area that offers plenty of usable space with less lawn maintenance. Park your vehicles, create an outdoor workspace, or transform the area into your own summer entertainment spot. With major updates already completed, generous living space, and room to make it your own, this Detroit classic is ready for its next owner. **Don't miss your opportunity—schedule your showing today!**

12625 Monica Street, Detroit

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