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$ 199,000
Est. payment | /mo
8 Baths
4,791 Sqft Lot
$ 199,000
Est. payment | /mo
8 Baths
4,791 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Wayne City
Subdivision Wayne City
MLS Listing ID 20261009812
Year Built 1924
Annual Tax Amount $12,627
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40X120
Source Realcomp
Property Description
Excellent value-add apartment opportunity located in the heart of downtown Wayne. Property is in need of full renovation. This approximately 9,000 square foot building is approved for a total of eight residential units, with four units on the upper level and four units on the lower level, offering strong potential for investors looking to renovate and maximize returns. The adjacent vacant land may be available for purchase from the city, presenting a unique opportunity to create additional parking and further enhance the property's long-term value and functionality. Recent capital improvements include all new windows throughout the building, representing an investment of approximately $50,000, providing a solid foundation for future redevelopment and income growth. All measurements are approximate agent to verify.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction West Bound Michigan Avenue West Of Wayne Rd
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick,Stone
Schools
School District Wayne-Westland
Others
Tax ID 55006050060000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Keller Williams Legacy
GET MORE INFORMATION
Shyanne Queen
Associate Broker/Team Lead | License ID: 6506049089
+1(616) 610-2005 | shyannesoldit@gmail.com