7264 WYKES Street Detroit, MI ^$ 109,000

7264 WYKES Street

^$ 109,000

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7264 WYKES Street

Detroit, MI, 48210

^$ 109,000

Studio Baths2.0 Sq 1,600

Monthly Estimate*

^$ 761

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Studio

Multi-Family Home for sale in Detroit, MI

for $109,000 with 2 full baths. This 1,600 square foot home was built in 1924 on a lot size of 0.08.

Introducing this 2 Unit cash cow generating a passive income of 1600 a month with two units being leased out at 800/ Per Unit. The Property Consists of 2 Full Bedrooms 1 Full Bath 1 Dining room 1 living room and a Kitchen in each unit. Tenants are month to month, plan on leaving but they don't mind to stay.

Multi-Family Active

Price

^$ 109,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 268

Style

Bungalow

Lot Size

0.08

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60295575

Features

General

Heating Forced Air

Possession At Close

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1924

Subdivision DOVERCOURT PARK (PLATS) MI

Style Bungalow

County Wayne

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Private

Municipality Detroit

Zoning Multi-Family

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions Drive east on warren and make a right on wykes

City Detroit

School District Detroit City School District

Street Name WYKES

Financial Terms Cash Conventional

Legal Description Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 12/30/2026. E WYKES 271 DOVERCOURT PK SUB L34 P89 PLATS W C R 18/371 33 X 110

DOM 55

Postal Code 48210

Price Per Sq Ft 68.13

Coming Soon

Interior

Basement Block Partially Finished

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Vinyl Siding

Frontage 0

Lot Size Area 0.08

Lot Dimensions 33.00 x 110.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Mohammed Halemi

Listing Agent

Simon & Associates Real Estate

Broker

moerealestate2020@gmail.com

Affordability Calculator

$784

Per Month

Monthly Principal & Interest: $761
Monthly Property Taxes: $22
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$218,419

Percent of Sale Price 100%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/28/2024	$109,000	-5.13%	Price Down
4/11/2024	$114,900	-10.93%	Price Down
3/22/2024	$129,000		Listed Price

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7264 WYKES Street, Detroit, MI, 48210 is a Multi-Family Home for sale at $109,000 with 1,600 sqft and a lot size of 0.08. 7264 WYKES Street is a studio with 2.0 baths and was built in 1924. The property's zip code is 48210 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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7264 WYKES Street

Multi-Family Home for sale in Detroit, MI

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