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    17951 Prospect St Melvindale, MI 48122

    For Sale
    $284,900

    Fully leased three-unit property with new boiler and water heater.

    Lot size:
    0.53 Acres

    Property Features for 17951 Prospect St

    General Information

    Lot size
    0.53 Acres

    Building Details

    Year built
    1927

    Source: Max Broock Realtors Agent Alia J Belbeisi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Three-Unit Multifamily Property For Sale

    This is a three-unit multifamily property that is fully leased. The property includes lots 191 and 192. A new boiler and hot water heater have been installed. The landlord is responsible for all utilities. The property is located close to shopping and the expressway, offering convenient access to amenities and transportation. This property presents an investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melvindale
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1828861
    Latitude
    42.2835088

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    FAQs

    What type of property is this?
    Triplex - Fully leased three-unit property with new boiler and water heater.
    Where is this triplex located?
    The property is located at 17951 Prospect St Melvindale, MI.
    What is the asking price?
    The asking price for this property is $284,900.
    What are key features of this property?
    This property features: - Fully leased 3-unit building providing immediate rental income.; - Excellent location, potentially offering high tenant demand and property value.; - New boiler and hot water heater, reducing potential maintenance costs.
    (248) 361-6236
    Request Owner's contact information
    17951 Prospect St Melvindale, MI 48122
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17951 Prospect St Melvindale, MI 48122
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