15608 Wabash St Detroit, MI 48238
- Residential income homes
- 1,130 SF
- 0.07 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 15608 Wabash St
- Year built
- 1924
- Lot size
- 0.07 lot acres
- Property size
- 1,130 SF
- Property type
- Residential income homes
Description
This meticulously renovated 1,130 square foot Detroit multifamily property presents a compelling investment opportunity. Built in 1924 and situated on a 0.07-acre lot, this two-unit dwelling boasts a fresh interior and exterior, complete with new paint throughout. The property features gleaming hardwood floors and includes all appliances, minimizing vacancy concerns for potential investors. Significant upgrades include a new roof (2022) and a new wood fence (2022) enhancing both curb appeal and tenant privacy. The property is currently generating rental income, with the lower unit commanding $1800 per month and the upper unit $1600 per month. This translates to a price per unit of $72,499.50, with an overall asking price of $144,999. The property's two stories offer ample living space, and its location in Wayne County, Michigan (zip code 48238) provides convenient access to local amenities. This turnkey investment is move-in ready and promises strong returns for discerning buyers. The property's excellent condition and strong rental income make it an ideal addition to any investment portfolio. Don't miss this chance to acquire a high-performing asset in a desirable Detroit location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1188611
- Latitude
- 42.4071503
