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    338 Goddard St Wyandotte, MI 48192

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    For Sale
    $159,550

    Turnkey multi-unit property near downtown Wyandotte with immediate rental income.

    Lot size:
    0.07 Acres

    Property Features for 338 Goddard St

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1912

    Source: Real Estate One-Trenton Agent Marisa Mueller

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

    Overview

    Wyandotte Multi-Unit Investment Opportunity

    This multi-unit property in Wyandotte presents a turnkey investment opportunity. The property features two separate, tenant-occupied units situated minutes from downtown Wyandotte. Both units are currently under year-long lease agreements, ensuring immediate and stable rental income. The front house, approximately 694 square feet, includes 2 bedrooms and 1 bath, and has been recently updated with a new kitchen, bath, flooring, and fresh paint. The back house, approximately 600 square feet, features 1 bedroom and 1 bath, with the potential for a second bedroom currently utilized as a lounge area. The back house also offers a large attic storage area with a separate entrance in the backyard. A unique feature is the large city-owned side lot, maintained by the current owner/tenants and permitted for use. Tenants are responsible for all utilities except water. The certificate of compliance from the city is valid until 2029. The 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 1 bedroom 1 bath. Could be considered a 2 bedroom, is now being used as a lounge area.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wyandotte
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1904
    Latitude
    42.1883

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    FAQs

    What type of property is this?
    Duplex - Turnkey multi-unit property near downtown Wyandotte with immediate rental income.
    Where is this duplex located?
    The property is located at 338 Goddard St Wyandotte, MI.
    What is the asking price?
    The asking price for this property is $159,550.
    What are key features of this property?
    This property features: - Turnkey investment property with two tenant-occupied units providing immediate and stable rental income from year-long leases.; - Up-to-code with a certificate of compliance from the city valid until 2029.; - Prime location: Minutes away from downtown Wyandotte.
    (734) 341-5247
    Request Owner's contact information
    338 Goddard St Wyandotte, MI 48192
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    Wyandotte, MI 48192
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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
    338 Goddard St Wyandotte, MI 48192
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