Wyoming Street

For Sale

9901 Wyoming Street, Detroit, MI 48204

This Detroit property for sale is located at 9901 Wyoming Street. The current listed sale price for Wyoming Street is $795,000.

Contacts

broker

Elmer Peysakhov

GREA

(248) 394-0000 x 256

Property Details

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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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

Attachments

Getting around

  • 47/100

    Walk Score ®

  • 47/100

    Transit Score ®

  • 54/100

    Bike Score ®

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Location

  • City Detroit, MI
  • Neighborhood Mackenzie
  • Zip Code 48204

Points of Interest

  • CDM Transport LLC

    3.55 miles

  • Grand Boulevard

    4.35 miles

  • Detroit

    4.41 miles

  • Baltimore Street

    4.41 miles

  • Amsterdam Street

    4.50 miles

  • Ferry Street

    4.70 miles

  • Warren Avenue

    4.86 miles

  • Canfield Street

    5.11 miles

  • Checker Cab #977

    5.17 miles

  • Mack Avenue

    5.38 miles

  • Citgo

    0.26 miles

  • Sunoco

    0.30 miles

  • Shell

    0.53 miles

  • Sunoco

    0.54 miles

  • Citgo

    0.55 miles

  • Citgo

    0.68 miles

  • Mobil

    0.99 miles

  • Citgo

    1.02 miles

  • Marathon

    1.03 miles

  • Valero

    1.04 miles

  • Student / Vistor Parking Lot B

    3.05 miles

  • 4330 Larkins St Parking

    3.09 miles

  • Vistor Parking Lot B

    3.10 miles

  • Faculty / Visitor Parking Lot C

    3.11 miles

  • Student / Vistor Parking Lot D

    3.11 miles

  • Faculty / Staff Parking Lot A

    3.19 miles

  • Faculty / Staff Parking Lot E

    3.20 miles

  • MRC parking lot

    3.26 miles

  • Student Parking Lot I

    3.27 miles

  • Faculty / Staff Parking Lot H

    3.30 miles

  • Town Motel

    2.79 miles

  • Rio Grand Motel

    2.90 miles

  • Americas Best Value

    3.31 miles

  • Pinkinn Motel

    3.69 miles

  • Holiday Inn Express & Suites

    3.70 miles

  • Courtyard Detroit Dearborn

    3.80 miles

  • Doubletree by Hilton Hotel Detroit-Dearborn

    3.98 miles

  • Hawthorn Suites By Wyndham Dearborn

    4.06 miles

  • Hotel St. Regis

    4.28 miles

  • Fontaine Motel

    4.49 miles

  • Lance's Hometown Supermarket

    0.74 miles

  • Grand Price Supermarket

    1.06 miles

  • Zain International Market

    1.52 miles

  • Save-A-Lot Grocery Store

    1.54 miles

  • Food 4 Less

    1.73 miles

  • Americana Foods

    1.76 miles

  • Food Farm Super Market

    1.94 miles

  • Banner Supermarket

    1.99 miles

  • Value Save Food Center

    2.11 miles

  • Royal Plaza

    2.12 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Elmer Peysakhov

GREA

(248) 394-0000 x 256