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$ 199,000
Est. payment /mo
Price Dropped by $51K
35732 W Michigan Avenue Wayne, MI 48184
8 Baths
9,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $22
Subdivision Mi
MLS Listing ID 60970338
Style 2 Story
Full Baths 8
Year Built 1924
Annual Tax Amount $12,627
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40X120
Property Sub-Type Multi-Family
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 (82083)
Zoning Multi-Family
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick, Stone
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick,Stone
Schools
School District Wayne-Westland Community Sd
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by Keller Williams Legacy
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