4316 Wayburn St Street, Detroit, MI 48224

$57,000 Asking Price

3 beds
2 baths
1,072  sqft
Built in 1953

ATTENTION INVESTORS: ESTABLISHED RENTAL PROPERTY IN THE MORNINGSIDE COMMUNITY WITH EXCELLENT PAYING TENANT. $650/MONTH INCOME -MONTH TO MONTH.PERFECT TO START A RENTAL PORTFOLIO OR ADD TO AN EXISTING PORTFOLIO. CURRENTLY 9% CAP RATE. WELL-MAINTAINED VINYL-SIDED EXTERIOR, DOUBLE-PAVE SPACE ON DRIVEWAY, NEWER FURNACE AND WATER HEATER, AND VERY FAVORABLE NEIGHBORHOOD JUST WEST OF MACK AVE. CONVENIENTLY LOCATED TO THE GROSSE POINTES, DOWNTOWN AND MAJOR HIGHWAYS. PLEASE ALLOW 48-72 HRS FOR SHOWINGS. RENTAL DETAILS AND RENT ROLL AVAILABLE UPON REQUEST. LICENSED AGENT MUST BE PRESENT ON ALL SHOWINGS- BUYER AGENT TO VERIFY ALL INFORMATION/DETAILS PER LISTING.


Features & Amenities

Interior

Basement:
Block
Heating:
Forced air, Natural gas

Exterior

Style:
Bungalow
Pool:
None
Parking:
One car garage, Detached

Construction

General:
Vinyl siding, OneandOneHalf, Basement, Block

Location

Originating MLS:
MiRealSource
School District:
Detroit
County:
Wayne

Lot

Zoning:
E WAYBURN 55 PLEASANT HOMES A SUB L38 P9 PLATS, W C R 21/443 35 X 100.92, 21063395
Fencing:
Fenced

Utilities

Water:
Public
Sewer:
Public sewer, Sewer at street

Financial

Source:
MiRealSource

This listing courtesy of:
RE/MAX First, Dominick Procopio

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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