Wyoming Street

9901 Wyoming Street, Detroit, MI 48204

  • For Sale $795,000
  • Property Type Other
  • Property Size 11,650 SF
  • Units 17
  • Year Built 1960
  • Date Updated Apr 26, 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.

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Attachments

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

Contacts

broker

Elmer Peysakhov

GREA

(248) 394-0000 x 256

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent

  • Transit Score ®

    47/100 Some Transit

  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • 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

  • McDonald's

    0.99 miles

  • Burger King

    0.99 miles

  • KFC

    1.03 miles

  • The Royal Grill

    1.03 miles

  • Wendy's

    1.04 miles

  • Subway

    1.06 miles

  • Jerry's Pizza and Barbeque

    1.06 miles

  • Asian Cornedbeef

    1.31 miles

  • McDonald's

    1.53 miles

  • L.A. Coney Island

    1.59 miles

  • Charles R. Drew Transition Center

    0.18 miles

  • Charles R Drew Attendence Center

    0.22 miles

  • Mackenzie Elementary-Middle School

    0.33 miles

  • Detroit Advantage Academy

    0.33 miles

  • Rosa Parks Academy

    0.38 miles

  • Oakman School

    0.80 miles

  • Joy Center Headstart

    0.85 miles

  • Noble School

    0.86 miles

  • Saint Cecilia School

    0.99 miles

  • McFarlane Elementary School

    1.01 miles

  • Sunnybrook Day Nursery

    1.42 miles

  • Angel Land Child & Parent Center

    2.71 miles

  • Hampton Church Child Care Center

    2.88 miles

  • Allen Baptist Childcare & Development Center

    2.93 miles

  • Advanced Technology Academy Pre-K & Business Office

    3.19 miles

  • Henry Ford Kids Child Care Center

    3.71 miles

  • New West Side Head Start

    3.94 miles

  • Tott's Early Learning Center

    3.99 miles

  • God's Little Schoolhouse

    3.99 miles

  • Academy of Detroit-West

    4.14 miles

Frequently Asked Questions

What is the lease rate for Wyoming Street?

Rental asking rate at Wyoming Street is $397,500.00/YR.

What is the total square footage of Wyoming Street?

Wyoming Street totals 11,650 square feet.

When was this property built?

Wyoming Street was built in 1960.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Elmer Peysakhov

GREA

(248) 394-0000 x 256