Properties for sale in Michigan

464 Elm Street, Wyandotte, MI 48192

New Listing

$239,000

Property Type: Multi Family Lot Size (sq. ft.): 4,500 Status: Active

Current Price: $239,000 List Date: 8/20/2026 Last Modified: 8/20/2026

Overview

Description

Turnkey Two-Unit Investment — 1,974 Sq. Ft. — Fully Occupied, $30,480/Year in Rental Income — Wyandotte. Own a fully occupied two-unit multifamily property with rental income already in place from day one. Both units feature 2 bedrooms and 1 full bathroom, currently rented for a combined $2,540/month ($1,320 + $1,220). Current tenants have a history of on-time rental payments. Each unit has its own furnace and water heater, plus fridge, stove, microwave, and washer/dryer. Tenants pay gas/electric; owner covers water/trash — low landlord overhead. Private entrance, covered front porch, storage shed on-site. Walking distance to Downtown Wyandotte, restaurants, shopping, and the Detroit River. City inspection completed; seller addressing minor items. Inspection report available to interested buyers. Pre-approval/proof of funds required for showings. 24-hr notice required — tenants occupied. Seller is a licensed Michigan real estate agent with ownership interest in the prope ... (Read more)

Listing Details MLS# 26043912

Location Property Info

County: Wayne
Street #: 464
Street Name: Elm
Suffix: Street
State: MI
Zip Code: 48192
Zip (4): 5838

General Property Info

Lot Measurement: Acres
Lot Square Footage: 4500
Lot Acres: 0.1
Lot Dimensions: 50x90
Year Built: 1904
New Construction: No
Road Frontage: 50
Total # Units: 2
# of Diff Unit Floor Plans: Yes
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 1974
Waterfront: No
School District: Wyandotte
Basement: Yes
Total Parking Spaces: 0

Tax Info

Tax ID #: 57-015-24-0014-001
Taxable Value: 106952
SEV: 112200
For Tax Year: 2025
Seller's Annual Property Tax: 7484.17
Tax Year: 2025
Spec Assessment & Ty: 0.00
Homestead %: 0

Access Feat

Accessibility Features: No

Unit 1

Unit #: 464
Unit Description: 2 Bedroom, 1 Bath
Occupied: Yes
Monthly Rent: 1320
Bathrooms: Yes
Full Baths: Yes
Central Air: Yes
Deck/Patio: Yes
Garb Disp: Yes
Range Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
Washer/Dryer: Yes

More Information

Unit 2

Unit #: 466
Unit Description: 2 Bedroom, 1 Bath
Occupied: Yes
Monthly Rent: 1220
Bathrooms: Yes
Full Baths: Yes
Central Air: Yes
Deck/Patio: Yes
Garb Disp: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
Washer/Dryer: Yes

Location & Property Info

Cross Streets: Corner of Elm and 5th Street
Property Sub-Type: 2 to 4 Units
Municipality: Wyandotte City

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 121.07

Remarks & Misc

Public Remarks: Turnkey Two-Unit Investment — 1,974 Sq. Ft. — Fully Occupied, $30,480/Year in Rental Income — Wyandotte. Own a fully occupied two-unit multifamily property with rental income already in place from day one. Both units feature 2 bedrooms and 1 full bathroom, currently rented for a combined $2,540/month ($1,320 + $1,220). Current tenants have a history of on-time rental payments. Each unit has its own furnace and water heater, plus fridge, stove, microwave, and washer/dryer. Tenants pay gas/electric; owner covers water/trash — low landlord overhead. Private entrance, covered front porch, storage shed on-site. Walking distance to Downtown Wyandotte, restaurants, shopping, and the Detroit River. City inspection completed; seller addressing minor items. Inspection report available to interested buyers. Pre-approval/proof of funds required for showings. 24-hr notice required — tenants occupied. Seller is a licensed Michigan real estate agent with ownership interest in the property.
Legal: 01338 S 90 FT OF LOT 14 PART OF WYANDOTTE IN THE TWP OF ECORSE, BLOCK 124 T3S R11E, L1 P56 WCR

Street Type

Paved: Yes

Util Avail at Street

Public Sewer: Yes

Utilities Attached

Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Laundry Features

In Unit: Yes

Exterior Material

Vinyl Siding: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Substructure

Michigan Basement: Yes

Owner Pays

Trash Collection: Yes
Water: Yes

Property Features

Laundry Features: In Unit Exterior Material: Vinyl Siding Substructure: Michigan Basement Sewer: Public Sewer Water: Public Water Utilities Attached: Natural Gas Connected Util Avail at Street: Public Sewer Owner Pays: Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Street Type: Paved Terms Available: Cash; Conventional Sale Conditions: None Unit 1: Central Air; Deck/Patio; Garb Disp; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer Unit 2: Central Air; Deck/Patio; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer

Documents

Seller Disclosure and lead based paint ›

Listing Office: Keller Williams Ann Arbor Mrkt

Listing Agent: Armita Kyani

Last Updated: August - 20 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.