Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    320 Hudson St Wyandotte, MI 48192

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $235,000

    Fully updated Wyandotte duplex with rental income potential.

    Lot size:
    0.07 Acres

    Property Features for 320 Hudson St

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.07 Acres

    Building Details

    Year built
    1923

    We can help!

    Listing Contact
    Mohammed Ahmed
    Source: Elliman

    Listing Agent: Mohammed Ahmed

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

    Learn more

    Overview

    Updated Duplex Near Waterfront

    This updated duplex is located in Wyandotte, Michigan, near the waterfront. Each of the two units features 950 square feet of living space, with three bedrooms and one updated bathroom. The property has been modernized with fresh paint, new flooring, updated kitchens and baths, and newer appliances. Additional features include a new roof, new windows, and a full basement for storage or expansion. The property includes a fully fenced yard and off-street parking. The duplex has rental potential, with an estimated gross monthly rent of up to $2,800. The location provides convenient access to restaurants, major highways, and retail areas.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    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

    Nearby Similar for Sale

    • New
      $650,000
      6,465 SF

      Versatile Commercial Property in Wyandotte

      6,000+ sq ft commercial space ready for immediate use.
      1219 Eureka Ave, Wyandotte, MI 48192
      View Details
    • New
      $975,000
      5,469 SF

      Retail Space in Wyandotte, MI

      Retail property for sale in Wyandotte, Michigan.
      1744 Biddle Ave, Wyandotte, MI 48192
      View Details
    • $339,900
      0.16 Acres

      Well-Maintained Triplex Near Downtown Wyandotte

      Triplex with two 2-bedroom units and a 1-bedroom carriage house.
      836 Pine St, Wyandotte, MI 48192
      View Details
    • $1,800,000
      Pending

      Wyandotte Warehouse with Storage Potential

      Large warehouse with self-storage opportunity and existing tenant in Wyandotte.
      341 Goddard Rd, Wyandotte, MI 48192
      View Details
    • $900,000

      Wyandotte Flex Space For Sale

      15,000 sq ft flex space in Wyandotte for sale.
      2025 Eureka Rd, Wyandotte, MI 48192
      View Details
    • $349,900

      Well-Maintained Triplex Near Downtown

      Triplex with two 2-bedroom units and one 1-bedroom unit.
      836 Pine St, Wyandotte, MI 48192
      View Details
    • $1,100,000

      Prime Restaurant Real Estate Downtown Wyandotte

      Restaurant property in the heart of historic Downtown Wyandotte.
      1744 Biddle Ave, Wyandotte, MI 48912
      View Details
    • $1,800,000
      Pending

      Wyandotte Warehouse with Storage Potential

      Large warehouse with storage facility and expansion opportunity.
      341 Goddard Rd, Wyandotte, MI 48192
      View Details
    • $1,800,000
      Pending

      Wyandotte Warehouse with Storage Potential

      Large warehouse with long-term tenant and expansion possibilities.
      341 Goddard Rd, Wyandotte, MI 48192
      View Details
    • Contact for pricing
      2,793 SF

      Medical/Office Building on Ford Avenue

      Medical/office building with exam rooms near hospitals for lease/sale.
      1623 Ford Ave, Wyandotte, MI
      View Details
    • $189,000
      Pending

      Wyandotte Investment Property For Sale

      Investment property with remodeled units, great for portfolio expansion.
      3415 13Th St, Wyandotte, MI 48192
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully updated Wyandotte duplex with rental income potential.
    Where is this duplex located?
    The property is located at 320 Hudson St Wyandotte, MI.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - Fully updated duplex featuring fresh paint, new flooring, updated kitchens and baths, and newer appliances.; - High rental income potential, generating up to $2,800 in gross monthly rent.; - Prime location steps from the water in Wyandotte, near top restaurants, major highways, and vibrant retail.
    Request Owner's contact information
    320 Hudson St Wyandotte, MI 48192
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    320 Hudson St
    Wyandotte, MI 48192
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    320 Hudson St Wyandotte, MI 48192
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mohammed Ahmed
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!