Estimated payment $1,610/month
Tidy brick 4 unit apartment building in the heart of Wayne. Convenient location from which you can walk to shopping, eateries, the movie theater and more. Buses run on Michigan Avenue,, affording tenants the luxury of life without a car. Each 1 bedroom unit features hardwood floors in the bedroom and main living area and is supplied with a stove, refrigerator and a wall unit air conditioner. Full basement offers additional storage room for tenants and management. Basement has an additionl lavatory attached to a private managers room. Rents could be higher with some additional updating. The tenant paying the least is benefitting from special arrangement and is on a month to month agreement, the other three units have annual leases with a variety of end dates.
Nice 1031 exchange opportunity.
Showings to be arranged through listing agent.
Listing Agent
Coldwell Banker Professionals-Northville License #6501209548 Listed on: 08/24/2025
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,955 | $120,100 | $0 | $0 |
| 2024 | $8,955 | $110,500 | $0 | $0 |
| 2023 | $6,385 | $114,900 | $0 | $0 |
| 2022 | $7,848 | $97,800 | $0 | $0 |
| 2021 | $5,218 | $90,400 | $0 | $0 |
| 2020 | $5,496 | $79,500 | $0 | $0 |
| 2019 | $3,982 | $75,100 | $0 | $0 |
| 2018 | $3,791 | $66,200 | $0 | $0 |
| 2017 | $1,129 | $64,800 | $0 | $0 |
| 2016 | $4,403 | $59,700 | $0 | $0 |
| 2015 | $5,780 | $57,800 | $0 | $0 |
| 2013 | $5,580 | $56,200 | $0 | $0 |
| 2012 | -- | $58,800 | $7,800 | $51,000 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/24/2025 08/24/25 | For Sale | $250,000 | +212.5% | $98 / Sq Ft |
| 02/14/2014 02/14/14 | Sold | $80,000 | +63.3% | $31 / Sq Ft |
| 12/12/2013 12/12/13 | Pending | -- | -- | -- |
| 11/08/2013 11/08/13 | For Sale | $49,000 | -- | $19 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Fiduciary Deed | $80,000 | Seaver Title Agency Llc | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | E Title Agency Inc | |
| Sheriffs Deed | $170,883 | None Available | |
| Warranty Deed | $170,000 | Interstate Title Inc | |
| Deed | $146,000 | -- | |
| Deed | $134,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $168,000 | Stand Alone First |
$240,000
Great investment and return!Proof of funds required for showings. Under contract required for all showings.Once in a lifetime package opportunity: 42 units for $4.2M
William Asper EXP Realty Main
Source: Realcomp
MLS Number: 20251030225
APN: 55-006-11-0349-000
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393