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$ 300,000
Est. payment | /mo
5 Baths
6,098 Sqft Lot
$ 300,000
Est. payment | /mo
5 Baths
6,098 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Wayne City
Subdivision Wayne City
MLS Listing ID 20251006393
Year Built 1925
Annual Tax Amount $6,552
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50 x 118
Source Realcomp
Property Description
4 UNIT Multi-Family Opportunity in Detroit's Historic Oakman District. THREE bedrooms per unit, this offers spacious open layout, strong value, and excellent cash flow potential. Ideal for a Hands-On Landlord, this property consolidates FOUR income STREAMS into a Single Manageable Asset. Priced Below It's Past Valuation "$330k appraised in 2022" (available upon request). With Section 8 Market Rent, For 3-Bedroom Units At $1,300, this makes it a highly attractive investment. This is a prime value-add investment for buyers looking to stabilize and unlock a strong cash flowing portfolio. Whether you're aiming to bring rents to market rates, tap into government-backed income like section 8, or simply secure steady cash flow, this property offers upside support and long term growth. Property has one reliable, paying tenant, two units are squatter-occupied. Legal action is already in motion, with litigation underway and the eviction process actively progressing. This is a prime opportunity for an investor to step in, complete the turnover, and begin collecting premium rents. It's loss is your win!! Secure below market value and unlock its full cash flowing potential it's meant to be.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction Exit On Davison
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID 08004549
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by U.S. Investor Group
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