Turnkey Income-Producing Updated
For Sale
$154,900
Pending
8559-8563 Wyoming Ave S, Detroit, MI 48204
Updated duplex generating immediate income, perfect for investors or owner-occupants.
Days on Market77
Property Features for 8559-8563 Wyoming Ave S
General Information
Standard status
Pending
Property subtype
Investment
Building Details
Year Built
1952
Listing Agency:
Keller Williams Royal Oak
(248) 288-3500
Listed By:
Richard Perry
(248) 288-3500
Source:
Elliman
Added: May 15
Changed: Jul 10
Last Checked: Jul 30 at 10:14AM
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 Keller Williams Royal Oak
Investment Insights
Based on property information with market context.
This updated duplex is designed for immediate income generation. One unit is currently rented for $1,100 per month, while the second vacant unit is ready to be leased for up to $1,200 per month, bringing the total projected monthly rental income to $2,300, or $27,600 annually. The property was renovated in 2021, offering low-maintenance ownership and strong cash flow from the start. It is suitable for investors seeking a solid performing asset or an owner-occupant looking to reside in one unit while the other helps offset the mortgage. The bike score is 47, indicating it is somewhat bikeable. The walk score is 50, meaning it is somewhat walkable, and the transit score is 41, indicating some transit options are available.
Key Highlights
- Turnkey and fully updated duplex, ready for immediate income generation.
- Potential rental income of $2,300/month ($27,600/year).
- One unit is currently rented at $1,100/month.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 48204, MI
21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
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?
Duplex - Updated duplex generating immediate income, perfect for investors or owner-occupants.
Where is this duplex located?
The property is located at 8559-8563 Wyoming Ave S Detroit, MI.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: Turnkey and fully updated duplex, ready for immediate income generation.; Potential rental income of $2,300/month ($27,600/year).; One unit is currently rented at $1,100/month.
