$509,000
Detroit, MI 48208
MLS# 25057887
1 / 23
Property Description
4-units, 100% occupied, in highly desirable Woodbridge. All units are 1BR/1BA currently generating $4,310/month. SELLER FINANCING AVAILABLE - 20% down and a 2 year balloon payment. Located on a tree-lined street near Wayne State, Henry Ford Hospital, DMC, and downtown amenities. Strong rental demand in the area makes this a great opportunity for investors seeking consistent cash flow. Walkable to restaurants, shops, and parks. Turnkey property in a prime Detroit neighborhood.
Details
Maps
Location Property Info
County: Wayne
Street #: 1531
Street Direction: W
Street Name: Warren
Suffix: Avenue
State: MI
Zip Code: 48208
OfficeContract Info
Status: Active
Current Price: $509,000
List Price: $509,000
Listing Date: 2025-11-12
General Property Info
Lot Measurement: Acres
Lot Square Footage: 7405
Lot Acres: 0.17
Lot Dimensions: 57 x 130
Year Built: 1911
New Construction: No
Financial Available: No
Road Frontage: 58
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Waterfront: No
School District: Detroit
Tax Info
Tax ID #: 08006042.
Taxable Value: 271210
SEV: 554700
For Tax Year: 2025
Seller's Annual Property Tax: 20241
Tax Year: 2025
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: Unit 1
Monthly Rent: 995
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: Unit 2
Monthly Rent: 1245
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 2
Unit Description: Unit 3
Monthly Rent: 1075
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 3
Unit Description: Unit 4
Monthly Rent: 995
Bedrooms: 1
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Property Features
Exterior Material: Brick
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at Street: Public Water
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Street Type: Public
Terms Available: Cash; Conventional; FHA; VA Loan
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Unit 3: Range/Oven; Refrigerator
Unit 4: Range/Oven; Refrigerator
Listing Office: Prep Realty
Listing Agent: Ishma Best
Last Updated: January - 26 - 2026
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