Four-Unit Multifamily Rehab
For Sale
Contact for pricing
3465 Wager St, Detroit, MI 48206
Four-unit multifamily property requiring full rehabilitation for investors.
Property Size3,326 SF
Lot Size0.08 Acres
Price / SF$7.58
Days on Market167
Property Features for 3465 Wager St
General Information
Standard status
Active
Size
3,326 SF
Lot size
0.08 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$641
Building Details
Building Size
3,326 SF
Year Built
1923
Units
4
Listing Agency:
Bellabay Realty Tri-Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Source:
Elliman
Added: Mar 11
Changed: Aug 21
Last Checked: Aug 23 at 11:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bellabay Realty Tri-Counties
Investment Insights
Based on property information with market context.
This four-unit multifamily property, with over 3300 square feet, presents a significant investment opportunity. The property requires a full rehabilitation. It is suited for investors looking for buy-and-hold income potential or a fix-and-flip project. The sale is contingent on a buyer/seller executed development agreement. Proposals must include proof of funds documentation, development timelines, and offer amounts. Renovation experience, whether with the Detroit Land Bank Authority (DLBA) or not, must include addresses and before/after photos. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Key Highlights
- Great investment opportunity in a thriving area.
- Four‑unit multi‑family property with over 3300 square feet.
- Suitable for both buy‑and‑hold and fix‑and‑flip strategies.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property requiring full rehabilitation for investors.
Where is this quadplex located?
The property is located at 3465 Wager St Detroit, MI.
What are key features of this property?
This property features: Great investment opportunity in a thriving area.; Four‑unit multi‑family property with over 3300 square feet.; Suitable for both buy‑and‑hold and fix‑and‑flip strategies.
