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$ 239,000
Est. payment /mo
New
464 Elm Street Wyandotte, MI 48192
2 Baths
4,500 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
Municipality Wyandotte City
MLS Listing ID 26043912
Year Built 1904
Annual Tax Amount $7,484
Tax Year 2025
Lot Size 4,500 Sqft
Acres 0.1
Lot Dimensions 50x90
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
Turnkey Two-Unit Investment — 1,974 Sq. Ft. — Fully Occupied, $30,480/Year in Rental Income — Wyandotte. Own a fully occupied two-unit multifamily property with rental income already in place from day one. Both units feature 2 bedrooms and 1 full bathroom, currently rented for a combined $2,540/month ($1,320 + $1,220). Current tenants have a history of on-time rental payments. Each unit has its own furnace and water heater, plus fridge, stove, microwave, and washer/dryer. Tenants pay gas/electric; owner covers water/trash — low landlord overhead. Private entrance, covered front porch, storage shed on-site. Walking distance to Downtown Wyandotte, restaurants, shopping, and the Detroit River. City inspection completed; seller addressing minor items. Inspection report available to interested buyers. Pre-approval/proof of funds required for showings. 24-hr notice required — tenants occupied. Seller is a licensed Michigan real estate agent with ownership interest in the property.
Location
State MI
County Wayne
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Cooling Central Air
Laundry In Unit
Exterior
Utilities Available Natural Gas Connected
View Y/N No
Street Surface Paved
Building
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Wyandotte
Others
Tax ID 57-015-24-0014-001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Keller Williams Ann Arbor Mrkt