- For Sale $795,000
- Property Type Other
- Property Size 11,650 SF
- Units 17
- Year Built 1960
- Date Updated Apr 23, 2024
- Website wyomingstreet.sharplaunch.com
Global Real Estate Advisors are pleased to present the exclusive offering of 9901 Wyoming, a stabilized, 17-unit multifamily property in Detroit. This turn-key investment property was built in 1960 and since has been renovated over the past few years, including a new boiler system, new hot water tank, updated plumbing and heating lines, a new laundry and storage room. More than 70% of the units have been upgraded as well. The property consists of fifteen one-bedroom units and two studio units, with each unit including a refrigerator, stove, A/C unit, and a balcony or patio. As of the end of January 2024, the property has only one vacancy, with an average rent of about $750. The deal comes with substantial rental upside, as just about half of the tenants are well-below market rents. There is also operational income potential by implementing a utility reimbursement program.
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Attachments
Highlights
- Units include refrigerator, stove, AC, and a balcony/patio
- 70-75% of the units have been renovated
- Strong Occupancy
- Recent Capital Expenditures
- Value-Add Opportunities
False
Contacts
Elmer Peysakhov
GREA
(248) 394-0000 x 256
Location
Getting Around
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Walk Score ®
Car-Dependent (47) -
Transit Score ®
Some Transit (47) -
Bike Score ®
Bikeable (54)
- City Detroit, MI
- Neighborhood Mackenzie
- Zip Code 48204
Points of Interest
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CDM Transport LLC
3.55 miles
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Grand Boulevard
4.35 miles
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Detroit
4.41 miles
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Baltimore Street
4.41 miles
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Amsterdam Street
4.50 miles
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Ferry Street
4.70 miles
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Warren Avenue
4.86 miles
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Canfield Street
5.11 miles
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Checker Cab #977
5.17 miles
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Mack Avenue
5.38 miles
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Citgo
0.26 miles
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Sunoco
0.30 miles
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Shell
0.53 miles
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Sunoco
0.54 miles
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Citgo
0.55 miles
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Citgo
0.68 miles
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Mobil
0.99 miles
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Citgo
1.02 miles
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Marathon
1.03 miles
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Valero
1.04 miles
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Student / Vistor Parking Lot B
3.05 miles
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4330 Larkins St Parking
3.09 miles
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Vistor Parking Lot B
3.10 miles
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Faculty / Visitor Parking Lot C
3.11 miles
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Student / Vistor Parking Lot D
3.11 miles
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Faculty / Staff Parking Lot A
3.19 miles
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Faculty / Staff Parking Lot E
3.20 miles
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MRC parking lot
3.26 miles
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Student Parking Lot I
3.27 miles
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Faculty / Staff Parking Lot H
3.30 miles
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McDonald's
0.99 miles
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Burger King
0.99 miles
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KFC
1.03 miles
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The Royal Grill
1.03 miles
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Wendy's
1.04 miles
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Subway
1.06 miles
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Jerry's Pizza and Barbeque
1.06 miles
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Asian Cornedbeef
1.31 miles
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McDonald's
1.53 miles
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L.A. Coney Island
1.59 miles
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Charles R. Drew Transition Center
0.18 miles
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Charles R Drew Attendence Center
0.22 miles
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Mackenzie Elementary-Middle School
0.33 miles
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Detroit Advantage Academy
0.33 miles
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Rosa Parks Academy
0.38 miles
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Oakman School
0.80 miles
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Joy Center Headstart
0.85 miles
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Noble School
0.86 miles
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Saint Cecilia School
0.99 miles
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McFarlane Elementary School
1.01 miles
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Sunnybrook Day Nursery
1.42 miles
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Angel Land Child & Parent Center
2.71 miles
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Hampton Church Child Care Center
2.88 miles
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Allen Baptist Childcare & Development Center
2.93 miles
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Advanced Technology Academy Pre-K & Business Office
3.19 miles
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Henry Ford Kids Child Care Center
3.71 miles
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New West Side Head Start
3.94 miles
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Tott's Early Learning Center
3.99 miles
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God's Little Schoolhouse
3.99 miles
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Academy of Detroit-West
4.14 miles
Contact Listing Broker
Elmer Peysakhov
GREA
(248) 394-0000 x 256