TURN-KEY investment opportunity with this Wyandotte duplex, that offers two separate houses on one parcel. Excellent revenue on the tenant occupied units just minutes away from downtown Wyandotte. One unit has recently signed a 2yr -long lease agreements, providing immediate and stable rental income. Other tenant has been there for… Read More 20+ years. Front house is approximately 694 sq ft, 2 bedroom 1 bath, recently updated with new kitchen, bath, flooring, and fresh paint. Back house is approximately 600 square ft, cozy 2 bedroom 1 bath. Back house has a large area for storage in attic, with separate entrance in backyard. A unique bonus feature is a large city owned side lot that is maintained by current owner/tenants, and permitted for use. Tenants are responsible for all utilities except water. Certificate of compliance from the city has been uploaded in the docs, and does not expire until Nov 2030. Please do not approach tenants. New furnaces, water tank and cosmetics have been updated. Walk though upon accepted offer. Total yearly revenue of almost $30k. Read Less
Courtesy of Real Estate One-Southgate, Erica Hussey, 734-284-5400.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi-Family
Square Ft.
1,503
Lot Size
0.07 Acres
MLS Number
61028377
30 Days Snapshot Of 48192
$154k
+112%
(avg) sold price
3
0%
homes sold
24
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Basement
Block
Building
1,503 square feet, 2 total units, Built in 1912, Style: 2 Story
Expenses
Total expenses: $5,400
Exterior Features
Aluminum
Foundation
Basement, Crawl
Water Features
Public Water
Heating
Natural Gas, Forced Air
Income
Net operating income: $24,240
Lot
Lot size: 30X100, 0.07 acres
Property
Residential
Taxes
Total amount: $3,543
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