Movoto Real Estate
Sold on 07/30/2021
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34700 Forest St, Wayne, MI 48184

  • $276,000

    Last sold 07/30/2021 for $150K

  • 3

    bed

  • 3

    bath

  • 2,298

    Sqft ($65/Sqft)

Multi-family not for sale
Movoto is helping 7 homebuyers near you

About 34700 Forest St

Property type Multi-family
Neighborhood
Year built 1991
HOA fee $0/month
Lot size 0.3 Acre
Movoto estimate
Property description
Come see this wonderful investment opportunity, LAND CONTRACT option is available and approvable by the financing bank. Three wonderful tenants occupy this 3 unit multifamily, with a separate storage room. These tenants are excellent tenants and always on time, 2 of them have been there more than 12 years and they take good care of the property, the third tenant has been there more than 2 years. They are collectively rented for $1680 a month, however, Rentimeter estimates the rent to should be collectively $2100 a month ($700 per unit). But we liked our tenants so much that we didn't need or want to increase their rent to that level. Property Taxes are being disputed and will hopefully be significantly reduced. The landlord pays for water but that can certainly be changed. Please DON'T disturb tenants. LC terms are 30k down-payment and 1500 monthly payment with a Balloon payment after 4 years and only 5% interest. Please don't disturb tenants, showings with accepted offer only. BATVIA
Listed by
Listing Agent - Hanadi Kabbani
Listing Agent Contact: (313) 846-0960
Listing Office - Empire Realty Group
Source: Realcomp mls logo
MLS#2210053063 • last updated 2 years ago
Movoto checked Realcomp for data 5 minutes ago
Interior
Heating Forced Air
Levels/Style 1 Story, Triplex
# Full Baths 3
Exterior
Foundation Other, Poured, Slab
Construction Other
Location
Subdivision DAVID DEFOREST ADDITION
APN 55018050108000
Directions Michigan Avenue And Wayne
Zoning Multi-Family
Multifamily Details
# Units Leased 3
Gross Scheduled Income 20000
Net Operating Income 12000
Income Projection Projected
Monthly Rental Income 1800
Lot/ Land Details
Road Frontage Paved
$276K
Range: $215K-$336K
Last 30 days 
  • Jul 2021
    mls logo MLS # 2210053063
  • Jul 30, 2021 Sold
    $150,000 (-11.7%)
  • Jul 30, 2021 Pending
  • Jul 21, 2021 Accepting Backup Offers
  • Jul 11, 2021 Listed
    $169,900 (+71.6%)
  • Jul 2021
    mls logo MLS # 40196661
  • Jul 11, 2021 Listed
    $169,900
  • Jul 2018
    mls logo MLS # RC217105772
  • Jul 16, 2018 Sold
    $99,000 (-17.4%)
  • Jun 6, 2018 Pending
  • Jan 15, 2018 Listed
  • Jan 11, 2018 Pending
  • Dec 7, 2017 Listed
  • Dec 1, 2017 Pending
  • Nov 29, 2017 Listed
    $119,900 (-7.8%)
  • Jul 2015
    mls logo MLS # 20589947
  • Jul 31, 2015 Listed
    $130,000
  • May 2015
    mls logo MLS # 20589949
  • May 6, 2015 Listed
    $130,000
  • 34700 Forest St
    $150K
  • Wayne
  • 48184
    $160K -15% y/y
  • Wayne
    $165K -21% y/y
No chart available
Statistics calculated by Movoto

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N/A
Hoover Elementary School
public Grades K-5
Wayne-Westland Community School District
2/10
Benjamin Franklin Middle School
public Grades 6-11
Wayne-Westland Community School District
4/10
Wayne Memorial High School
public Grades 6-12
Wayne-Westland Community School District
1/10
Adams Middle School
public Grades 6-8
Wayne-Westland Community School District
Source: GreatSchools.org © 2026. All rights reserved.

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