5545 Ridgewood St, Detroit, MI 48204

$51,900 Asking Price

4 beds
2 baths
1,688  sqft
Built in 1923

Investment property priced to sell. Set up like duplex with two meters available, but regestered with the county as single family. What that means is that after renovations the property can be financed with a bank, whether to resale as a flip with new buyers or refinance the home and still profit from separate metered rental units with tenants paying the utilities. Also owner can live in one and rent out the other. Each unit has 2 bedrooms, 1 bath and kitchen. The property needs renovations. The bones are solid, only cosmetics are needed. Home comes with a Warrantee Deed and all property taxes and water are paid and current. Don't miss out on this deal!


Features & Amenities

Interior

Basement:
Unfinished
Heating:
Natural Gas, Hot Water

Exterior

General:
Brick
Style:
Bungalow

Construction

General:
2 Story, Basement

Location

Road/Access:
Paved Street
Originating MLS:
RealComp
School District:
Detroit City School District
County:
Wayne

Lot

Zoning:
S RIDGEWOOD W 17.5 FT OF 232 233 DAILEY PARK SUB L29 P80 PLATS, W C R 16/185 52.5 X 120, W16I004292S

Utilities

Water:
Public Water
Sewer:
Public Sanitary

Financial

Source:
RealComp

This listing courtesy of:
EXP Realty LLC, Vincent Rush

About Detroit, MI

Housing

Number of Units
292,561
Median Home Value
$70,234
Median Rent
$679

53.65% of housing units are renter occupied.

18.25% are vacant.

Commute

Car
71.17%
Public Transportation
5.99%
Walk to Work
3.15%
Work from Home
17.73%
Other
1.42%

The median travel time to work is 23 minutes.

People

Population
593,210
Median Age
36.40
Median Household Size
2.38

Education

High School
33.32%
Associate’s Degree
7.33%
Bachelor’s Degree
9.43%
Graduate Degree
6.96%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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