NOT LISTED FOR SALE

4063 4th St Wayne, MI 48184

Wayne Area

Estimated Value: $267,245

Studio
3 Baths
2,948 Sq Ft
$91/Sq Ft Est. Value

Sale Details

Date Sold: May 30, 2025

Last sale price $265,000 $90 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,838 / mo

10 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating and Cooling System
  • Fenced
  • Shed
  • Private Entrance

About This Home

As of May 2025

EXCEPTIONAL INVESTMENT OPPORTUNITY: SUPER CLEAN, LONG-TERM RENTAL PROPERTIES! THIS PROPERTY FEATURES 3 WELL-MAINTAINED UNITS, ALL CURRENTLY RENTED TO RELIABLE, LONG-TERM TENANTS. LOCATED WITHIN WALKING DISTANCE OF DOWNTOWN WAYNE, THESE UNITS GENERATE AN IMPRESSIVE ANNUAL INCOME OF $30,300, OFFERING EXCELLENT VALUE FOR INVESTORS. ZONED RESIDENTIAL, THIS PROPERTY OFFERS THE FLEXIBILITY TO SECURE EASY FINANCING OR PURCHASE WITH CASH. EACH UNIT IS IN PRISTINE CONDITION, WITH UPDATED MECHANICALS, INCLUDING NEW FURNACE. THESE PROPERTIES ARE A MUST-SEE AND WILL PROVIDE THE NEXT OWNER WITH A LONG-TERM, LOW-MAINTENANCE INCOME STREAM. DON'T MISS OUT ON THIS INCREDIBLE OPPORTUNITY!

Last Agent to Sell the Property

Robert Kabbani

Keller Williams Legacy License #6502433739 Listed on: 04/08/2025

Keller Williams Legacy

Last Buyer's Agent

Amanda Restorick

Real Estate One Inc License #6501455033

Real Estate One Inc
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1979 | Remodeled in 2025

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66.00 x 134.30
  • Private Entrance
  • Fenced

Parking

  • 6 Parking Spaces

Home Design

  • 2,948 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof

Outdoor Features

  • Exterior Lighting
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Underground Utilities
  • Natural Gas Water Heater
  • Septic Tank

Additional Features

  • 3 Full Bathrooms
  • Laundry Room

Listing and Financial Details

  • Assessor Parcel Number 55018050150003
  • $147 per year additional tax assessments

Community Details

Overview

  • 3 Units
  • David Deforest Addition Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,891

Year Built

Built in 1979 | Remodeled in 2025

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: ResidentialIncome
  • Year Built: 1979
  • State Equalized Value: 110000.00
  • Year Renovated: 2025
  • Pets Allowed: Yes
  • Property Sub Type: MultiFamily
  • LotSizeAcres: 0.20
  • Co List Office Mls Id: 416803
  • Above Grade Finished Sq Ft: 2948.00
  • Living Area: 2948.00
  • ClassName: ResidentialIncome
  • ThirdPartyApprovalRequiredYN: No
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Basement: No
  • Full Bathrooms: 3

Exterior Features

  • Waterfront: No
  • Foundation Details: Slab
  • Construction Materials: Brick
  • Exterior Features: Lighting, PrivateEntrance
  • Road Frontage Type: Paved
  • Sideof Street: E
  • Fencing: Fenced
  • Disclosures: ActualIncome, TaxesNotHomesteadExempt
  • Other Structures: Sheds
  • Roof: Asphalt

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Cooling: CentralAir
  • Heating: ForcedAir, NaturalGas, SeparateMeters
  • Sewer: PublicSewer, SepticTank
  • Water Heater Fuel: NaturalGas
  • Water Source: Public, WateratStreet
  • Laundry Features: CommonArea, LaundryRoom
  • Utilities: UndergroundUtilities

Schools

  • Junior High Dist: WayneWestland

Lot Info

  • Lot Size Area: 0.20
  • Lot Dimensions: 66.00 x 134.30
  • Parcel Number: 55018050150003
  • Zoning Description: MultiFamily

Rental Info

  • Rent Includes: Sewer, SnowRemoval, Water, YardMaintenance
  • Monthly Rental Income: 850.00

Tax Info

  • Tax Amount Summer: 4242.00
  • Tax Amount Winter: 649.00
  • Tax Annual Amount: 4891.00
  • Tax Other Annual Assessment Amount: 147.00

Multi Family

  • Gross Scheduled Income: 30300.00
  • Number Of Units Total: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2025
Closed on
May 30, 2025
Sold by
Bought by
Seller's Agent
Robert Kabbani
Keller Williams Legacy
Buyer's Agent
Amanda Restorick
Real Estate One Inc
List Price
$265,000
Sold Price
$265,000
Views
59
Current Estimated Value
$267,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,245
Avg. Annual Appreciation
0.72%
Original Mortgage
$198,750
Outstanding Balance
$196,453
Interest Rate
6.76%
Mortgage Type
Credit Line Revolving
Estimated Equity
$70,792

Purchase Details

Listed on
Jun 1, 2017
Closed on
Oct 27, 2017
Sold by
Bought by
Seller's Agent
Robert Kabbani
Keller Williams Legacy
Buyer's Agent
Robert Kabbani
Keller Williams Legacy
List Price
$200,000
Sold Price
$180,000
Premium/Discount to List
-$20,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.23%

Purchase Details

Closed on
Sep 7, 2001
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$265,000 V1 Title Agency
$180,000 Venture Title
$130,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $198,750
Closed $198,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/30/2025 05/30/25 Sold $265,000 0.0% $90 / Sq Ft
04/18/2025 04/18/25 Pending -- -- --
04/08/2025 04/08/25 For Sale $265,000 +47.2% $90 / Sq Ft
10/27/2017 10/27/17 Sold $180,000 0.0% $61 / Sq Ft View Prior Sale
08/08/2017 08/08/17 Off Market $180,000 -- --
08/02/2017 08/02/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $200,000 -- $68 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,392 $118,600 $0 $0
2024 $4,242 $110,000 $0 $0
2023 $4,046 $96,300 $0 $0
2022 $4,462 $86,400 $0 $0
2021 $4,360 $82,100 $0 $0
2020 $8,102 $77,300 $0 $0
2019 $3,673 $73,200 $0 $0
2018 $3,497 $55,100 $0 $0
2017 $976 $52,900 $0 $0
2016 $3,608 $49,800 $0 $0
2015 $4,700 $47,000 $0 $0
2013 -- $49,700 $0 $0
2012 -- $52,400 $10,900 $41,500
Source: Public Records

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Map

Source: Realcomp

MLS Number: 20250022382

Realcomp

APN: 55-018-05-0150-003

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