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Property profile & analytics
OFF-MARKET
Residential income homes

15608 Wabash St Detroit, MI 48238

1,130 SF 0.07 ac lot Built 1924
Property ID
US43-0301415
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
Year built 1924
Total area 1,130 SF
Lot 0.07 ac (3,049 SF)
UPID US43-0301415
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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