22210 Donnelly Ave Brownstown, MI 48193

4 beds · 2 baths · 1,572 sq ft · Lot Size: 9,583 sq ft · Multi-Family Home (2 - 4 units) · Riverview
Est. Property Value: $195,971

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22210 Donnelly Ave is in the Riverview neighborhood of Brownstown, MI. It is located in Wayne County and ZIP code 48193. This Multi-Family Home (2 - 4 units) was built in 1972 and is approximately 53 years old. The multi-family home (2 - 4 units) spans 1572 sq ft with 4 bedrooms and 2 bathrooms and sits on a 9583 sq ft lot. According to public records, it was last sold in 2019 for $173,000 and has a tax-assessed value of $189,600, which is $125 per sq ft. The Riverview area of Brownstown has 7 residential homes with an average size of 1572 sq ft. Analyze and compare real estate investment strategies for properties like this home at 22210 Donnelly Ave Brownstown, MI 48193 with Property Intel by Whitepages.

22210 Donnelly Ave

Brownstown, MI 48193

Neighborhood

Owners & Occupancy for 22210 Donnelly Ave

No contact information is available.

Occupancy

Resident 1**************
Resident 2**************
Resident 3********************* age 41
Resident 4**************** age 74

Property Financials for 22210 Donnelly Ave

22210 Donnelly Ave, Brownstown, MI has a mortgage from Academy Mtg Corp (orig. December 27, 2019). The Wayne county assessment for 2024 values it at $189,600, with annual taxes of $2,128.

Mortgage & Equity Information

Loan Amount$******
LenderAcademy Mtg Corp
Origination DateDecember 27, 2019
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date****************
Equity
View Equity

Property Tax

Purchase DateDecember 27, 2019
Property Tax Amount$2,128 in 2024
Purchase Price$173,000
Assessed Value$189,600 on 2024

Investment Potential for 22210 Donnelly Ave

The property has a current estimated value of $195,971, which is 11% below the neighborhood median, based on public records. It last sold on December 27, 2019 for $173K. Projected long-term
is $26,400 annually ($2,200 per month) with a 94% occupancy rate.

Discover more Multi-Family Home (2 - 4 units)s in Riverview.

Long-Term

Gross Rental
$26,400 per year($2,200 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 48193 zip code
 
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Property Details for 22210 Donnelly Ave

Property Details

Property Sq Ft

Living Area

1,572 sq ft

0% above market

Lot Size

9,583 sq ft

16% above market

Price Per Sq Ft

Living Area

$125 / sq ft

0% above market

Lot Size Area

$20 / sq ft

14% below market

Property condition, age, exterior, etc. for 22210 Donn…
Longitude: -83.249475 Latitude: 42.173577 Parcel Number (APN): 70-010-01-0170-000…

Recommended Properties in Riverview

Discover more multi-family homes near 22210 Donnelly Ave in Brownstown, Michigan. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 22210 Donnelly Ave in Wayne County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$195,971
$232,036
-$36,065 (-16%)
YoY Price Change
Year Built
1972
1952
20 years
Living Space
1,572 sq ft
1,936 sq ft
-364 (-19%)
$ Per Living Sq Ft
$125
$121
$4 (3%)
Lot Size
9,583 sq ft
7,841 sq ft
1742 (22%)
$ Per Lot Sq Ft
$20
$30
-$10 (-32%)

Net Operating Income
$21,258
-$1,957 (-9%)
Annual Revenue
$26,400
$30,000
-$3,600 (-12%)
$8,709
-$1,610 (-18%)
Net Operating Income
$21,258
-$1,957 (-9%)
Cap Rate
8.95%
Home Value Comparison: Property vs. Local and Regional 4-Bed Multi-Family Home (2 - 4 units) Medians

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