• 2 Units
  • 2,000 SqFt
  • MLS# 218057594
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This is a well-maintained duplex located in the vibrant downtown area of Wyandotte. The owner of this property has made significant recent investments in it, which include new hot water tanks, new roof, new vinyl siding, new windows, refinished hard wood floors, appliances etc. Two-car garage and full, partitioned basement. This property is currently managed by a third-party professional property management company. Both units are 2/1 and about 900 sq ft. The upper unit rents for $850/month and the lower unit rents for $855/month. In 2017 the property generated $19,453 in gross rents. 2017 expenses for this property were: insurance $565, taxes $3,580.73, and water $592.01. Tenants pay for the other utilities. Assuming an average repair and maintenance budget of $1,800 per year, and standard financing terms, a new owner could expect a first year cash-on-cash return of 20%+. BTVAI {BOTH UNITS CURRENTLY VACANT C OF O AT CLOSING}

Property Information

Status
Sold 
Address
345 Chestnut St 
City
Wyandotte 
Zip
48192 
Year Built
1905 
Style
Duplex 
Possession
Immidiate 
Architecture
2 Story 
Listing Date
06/23/2018 
Subdivision
Assr'S In Twp Of Ecorse Block 102 
County
Wayne 
Above Grade SqFt
2,000 
Total No of Units

School Information

School District
Wyandotte 

Taxes

Summer Taxes
$2,468 
Winter Taxes
$1,019 

Rooms and Land

Unit1
Bedrooms: Two Bedroom Bathrooms: 900 Finished SqFt: 855
Unit2
Bedrooms: Two Bedroom Bathrooms: 900 Finished SqFt: 850
Lot Dimensions
50.00X150.00 
Total Acres
0.17 

Features

Style
Duplex 
Exterior Features
Fenced 
Basement
Unfinished 
Heating
Forced Air, Natural Gas 

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School Information
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Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Listing Broker

MIRC Logo

Listing Courtesy of Options Realty Llc
Office Address 97 Oak St

Real Estate One Family of Companies

345 Chestnut St Wyandotte
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$140,000
Sold • No. of Units: 2