Contacts
Elmer Peysakhov
GREA
(248) 394-0000 x 256
Property Details
- Property Type Other
- Property Size 11,650 SF
- Units 17
- Year Built 1960
- Date Updated Apr 12, 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.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
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
-
Walk Score ®
-
Transit Score ®
-
Bike Score ®
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
Elmer Peysakhov
GREA
(248) 394-0000 x 256