464 Elm Street, Wyandotte, MI 48192
464 Elm Street, Wyandotte, MI 48192
464 Elm Street, Wyandotte, MI 48192
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Nick Schweihofer

Nick Schweihofer

+1(616) 200-4134
$239,000
Est. payment /mo
2 Baths
4,500 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Wyandotte City

MLS Listing ID 26043912

Year Built 1904

Annual Tax Amount $7,484

Tax Year 2025

Lot Size 4,500 Sqft

Acres 0.1

Lot Dimensions 50x90

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

Turnkey Two-Unit Investment — 1,974 Sq. Ft. — Fully Occupied, $30,480/Year in Rental Income — Wyandotte. Own a fully occupied two-unit multifamily property with rental income already in place from day one. Both units feature 2 bedrooms and 1 full bathroom, currently rented for a combined $2,540/month ($1,320 + $1,220). Current tenants have a history of on-time rental payments. Each unit has its own furnace and water heater, plus fridge, stove, microwave, and washer/dryer. Tenants pay gas/electric; owner covers water/trash — low landlord overhead. Private entrance, covered front porch, storage shed on-site. Walking distance to Downtown Wyandotte, restaurants, shopping, and the Detroit River. City inspection completed; seller addressing minor items. Inspection report available to interested buyers. Pre-approval/proof of funds required for showings. 24-hr notice required — tenants occupied. Seller is a licensed Michigan real estate agent with ownership interest in the property.

Location

State MI

County Wayne

Rooms

Basement Michigan Basement

Interior

Heating Forced Air

Cooling Central Air

Laundry In Unit

Exterior

Utilities Available Natural Gas Connected

View Y/N No

Street Surface Paved

Building

Sewer Public Sewer

Structure Type Vinyl Siding

New Construction No

Schools

School District Wyandotte

Others

Tax ID 57-015-24-0014-001

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Keller Williams Ann Arbor Mrkt

Nearby School & Business

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Nick Schweihofer

Nick Schweihofer

+1(616) 200-4134

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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