4245 9th Street, Wayne, Michigan 48229
$350,000
Property Details
- MLS#: 57050196253
- Bedrooms: 8
- Bathrooms: 8
- Square Feet: 3,556
- Price per Sqft: $98
- Lot Size: 0.22 acres
- Year Built: 1950
- Property Type: ResidentialIncome
- Status: Active
- Days on Market: 44
Description
4245 9th Street presents an eight-unit multifamily investment located in the City of Ecorse within the established Downriver rental market. The property features eight separately leased units with current monthly rents ranging from approximately $530 to $650 per unit, providing stable in-place income with diversification across multiple tenants. The location offers convenient access to major roadways, nearby employment centers, and everyday amenities, supporting consistent rental demand. With an existing rent roll and the potential for future adjustments in line with market conditions, this property is well-suited for investors seeking long-term hold opportunities, portfolio expansion, or a measured value-add strategy. Financial details available upon request.
Location
This property is located in Wayne, Michigan. Wayne is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.
Frequently Asked Questions
What is the price of 4245 9th Street?
4245 9th Street is listed at $350,000, or $98 per square foot.
How many bedrooms does 4245 9th Street have?
This property has 8 bedrooms and 8 bathrooms, with 3,556 square feet of living space.
Schedule a Showing
Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.
Phone: (313) 466-2430
Email: info@sonicrealty.com
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