Excellent value-add apartment opportunity located in the heart of downtown Wayne. Property is in need of full renovation. This approximately 9,000 square foot building is approved for a total of eight residential units, with four units on the upper level and four units on the lower level, offering strong potential for investors looking to renovate and maximize returns. The adjacent vacant land may be available for purchase from the city, presenting a unique opportunity to create additional parking and further enhance the property's long-term value and functionality. Recent capital improvements include all new windows throughout the building, representing an investment of approximately $50,000, providing a solid foundation for future redevelopment and income growth. All measurements are approximate agent to verify.
Courtesy: Rodgers Real Estate
Laron Rodgers
Step into a prime Detroit investment, a handsome multi-family home in the heart of Russell Woods. Inside the 2,656 sq ft footprint, you'll discover six well-sized bedrooms and three full bathrooms spread across multiple units. Built in 1929, this brick property retains classic presence while enjoying thoughtful updates. Each unit is accessed separately (buyer to verify), offering flexibility for tenants or an owner-occupant scenario. The deep backyard, generous lot, and flexible parking options provide outdoor potential or future expansion space. Located right across from a park and just 200 feet from a major bus line, convenience is built in. Whether you're seeking consistent cash flow or scaling your multi-family portfolio, this property balances strong bones, modern touches, and location upside. Schedule a showing today!
Move quickly, strong value opportunity. Duplex in WayneUnit 2 is a 2 bedroom and unit 1 is a 1 bedroom. Property offers some expansion possibilities with large unfinished attic area and a 3rd unit in the garage.
Courtesy: Century 21 Affiliated
Richard Davis
Outstanding income-producing duplex with strong updates and dependable cash flow. Ideal for investors or owner-occupants looking for a turnkey property with major improvements already completed...Newer Furnaces, Newer Central Air, New Driveways, Newer Roof, All separate utilities. One side Vacant for viewing, other side rented for $1,450. Includes, extra lot, parcel # 55013010076002. Run don't walk, additional duplex available very close to this one, coming soon!Seller is retiring.
Excellent investment opportunity near Downtown Wayne. Live in one side of this deplex and rent out the other. One unit has 4 bedrooms 2 baths and the other unit has one bedroom and one bath. Shared open yard which could be divided. Wide driveway for off street parking. The multifamily home use to be a triplex before it was converted to two units. Near downtown Wayne. Close to shopping and restaurants. BATVAI. Immediate occupancy
Wayne is located in Michigan. Wayne, Michigan has a population of 17,624. Wayne is less family-centric than the surrounding county with 16.04% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in Wayne, Michigan is $47,621. The median household income for the surrounding county is $52,830 compared to the national median of $69,021. The median age of people living in Wayne is 39.6 years.
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 17.8 degrees. The average rainfall is approximately 33.3 inches per year, with 42.3 inches of snow per year.
