5701-5707 Woodward Street Wayne, MI $ 1,647,700
5701-5707 Woodward Street
$ 1,647,700
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5701-5707 Woodward Street

Wayne, MI, 48184
$ 1,647,700
Baths16.0 Sq 11,218

Monthly Estimate*

$ 10,280

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Studio

Multi-Family Home for sale in Wayne, MI

for $1,647,700 with 16 full baths. This 11,218 square foot home was built in 1966 on a lot size of 0.15.

Rare opportunity to own two apartment buildings.  This amazing investment consists of two separate apartment buildings.  Building one is a brick two story, consisting of eight, two bedroom units, private patios with sliding doors,  and  with central laundry room with paid laundry that generates additional income.   Building two consisting of eight one bedroom units, with central laundry room.  A grand total of 16 apartment units.  Private parking lot with assigned spaces.  Seasoned and strong rent roll for both buildings with full occupancy.  All units are rented at market value with great paying long term tenants.   Most of the units have been recently updated.  Large center common area for both units.  Both buildings are fully city certified and ready for transfer.  Full financials and rent roll available after signing the NDA. Do NOT disturb tenants. Showings will be scheduled only upon accepted offer. BATVAI

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Multi-Family Active

Price

$ 1,647,700

Bedrooms

Studio

Full Bath

16

Property Type

Multi-Family

Taxes

$ 12,295

Style

Upper Lower Apartment

Lot Size

0.15

Year Built

1966

Town/City

Wayne

County/Region

Wayne

MLS | Web ID

20251003673

Features
General
Sewer PublicSewer
Heating Baseboard NaturalGas
Possession SubjectToTenantRights
Architectural Style UpperLowerApartment
Pool Features None
Construction Materials Brick VinylSiding
Pets Allowed Call
Year Built 1966
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name HOAG SUB
Garage Y/N N
Full Baths 16
Status Active
Directions Take Wayne Rd to Van Born then head west.
City WayneCity_Wayne
Disclosures ActualIncome LegalRentalCertified NoRestrictions TaxesNotHomesteadExempt
Senior Community Y/N N
High School District WayneWestland
Zoning Description MultiFamily
Number Of Units Total 16
MLS Area Area05083Wayne
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 16
Land Lease Y/N N
Tax Annual Amount 12295.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 177700
Expected Active Date 2025-05-30
Legal Description 32R28 29 LOTS 28 AND 29 T2S R9E L52 P39 WCR HOAGS SUB
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Exterior
Water Source Public
Foundation Details Slab
Spa N
Lot Dimensions 120x160
Lot Size Acres 0.15
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 11218.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 16
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Internal Only
Street Number 1 5701
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* Excluded Features
List By
Hiba Saad

Listing Agent

Keller Williams Legacy

Broker

(313) 920-8798

Phone

Affordability Calculator

$11,304
Per Month
91%
9%
0%
Monthly Principal & Interest
$10,280
Monthly Property Taxes
$1,025
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
4909228 Elementary School
4909250 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/31/2025$1,647,700 Listed Price

Map


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5701-5707 Woodward Street, Wayne, MI, 48184 is a Multi-Family Home for sale at $1,647,700 with 11,218 sqft and a lot size of 0.15. 5701-5707 Woodward Street is a studio with 16.0 baths and was built in 1966. The property's zip code is 48184 which is in Wayne, MI