37 W Woodward Avenue Ecorse, MI 48229
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
Municipality Ecorse City
MLS Listing ID 26015372
Year Built 1929
Annual Tax Amount $4,909
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 46x87x43x84
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
Includes 37 W Woodward Ave and 3918 High St in Ecorse, both fully occupied with strong tenants and immediate cash flow. Portfolio totals four rental units with a combined monthly income of approximately $4,763 and annual gross income of approximately $58,304. Current NOI is approximately $43,381, offering an exceptional cap rate with upside potential.37 W Woodward features two 2-bedroom units renting for $900 and $1,000 per month. 3918 High St features two 3-bedroom units renting for approximately $1,500 and $1,363 per month. Both properties include separate basements, individual utilities, and consistent tenant payment history.Properties must be sold together; the seller will not separate them. Financials, rent roll, and supporting documentation are available after NDA execution. Showings only after an accepted Letter Of Intent (LOI)-. DO NOT DISTURB TENANTS. PACKAGE SALE - This listing is part of a two-property portfolio including:
( 37 W Woodward Ave Ecorse MI 48229....
PROPERTY ID: 34-006-06-0008-002) ....( 3918 High St. Ecorse, MI 48229.
....PROPERTY ID:34005040015000 PACKAGE SALE - This listing is part of a two-property portfolio including:
( 37 W Woodward Ave Ecorse MI 48229....
PROPERTY ID: 34-006-06-0008-002) ....( 3918 High St. Ecorse, MI 48229.
....PROPERTY ID:34005040015000
Location
State MI
County Wayne
Direction North of Outer Drive, West side of Jefferson Ave. Just a couple blocks from the Detroit River
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Window Unit(s)
Laundry In Basement
Exterior
Parking Features Concrete, Driveway, Paved
Utilities Available Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Other
Street Surface Paved
Total Parking Spaces 8
Building
Sewer Public Sewer
Structure Type Brick,Wood Siding
New Construction No
Schools
School District Ecorse
Others
Tax ID 34-006-06-0008-002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS