Detroit · Commercial sale
Hayse Properties 1 buys 5060 Lakewood in Detroit for $728,000
An apartment building at 5060 Lakewood, Detroit sold for $728,000 on September 8, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $728,000
- Sold
- September 8, 2026
- Property type
- Apartment building
- Building area
- 16,335 sq ft
- Price per sq ft
- $45
- Year built
- 1970
An apartment building at 5060 Lakewood in Detroit sold for $728,000 on September 8, 2026. The City of Detroit Assessor's property sales records show that price was 6.1 times the $119,600 market value on record.
The record lists Hayse Properties 1, LLC as the buyer and F.A. Investment & Management, LLC as the seller.
Assessor's records show 16,335 square feet of building area, a build year of 1970 and a 0.59-acre lot. The sale price works out to $45 per square foot.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Wayne County?
By our estimate, the seller's two largest charges, not counting prorations, were $5,460 for the state real estate transfer tax and $2,561.20 for the owner's title insurance policy. Who pays what follows Wayne County custom.
How much did the seller net?
By our estimate, the seller netted about $727,020. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $736,617 at closing. That covers the full price and closing costs.
Source: City of Detroit Office of the Assessor, Property Sales, document 4869515. Property details: Wayne County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
