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Image 1 - 5545 Ridgewood St, Detroit, Michigan, 48204 - House for sale
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Ridgewood St, Detroit, Home For Sale
5545 Ridgewood St, Detroit, Michigan, 48204

Ridgewood St, Detroit, Home For Sale

house for sale
Listed: 07/17/24

5545 Ridgewood St, Detroit, Michigan, 48204

4 Bed:
2 Bath:
1,688 Sq Ft Living Area:
Save
Price
$ 51,900
Price:  Lower

About This House

Investment property priced to sell. Set up like duplex with two meters available, but regestered with the county as single family. What that means is that after renovations the property can be financed with a bank, whether to resale as a flip with new buyers or refinance the home and still profit from separate metered rental units with tenants paying the utilities. Also owner can live in one and rent out the other. Each unit has 2 bedrooms, 1 bath and kitchen. The property needs renovations. The bones are solid, only cosmetics are needed. Home comes with a Warrantee Deed and all property taxes and water are paid and current. Don't miss out on this deal!

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Detroit Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In August 2024, the asking price for 4 bed houses for sale in/near Detroit, United States averaged $163,241, an increase of 2.1% from the previous month.
Median price trends for properties for sale in Detroit, United States as of August 2024.

Household Income

Median household income: $31,283
Number of households: 266,333
The average household income in Detroit, MI grew from $30,344 to $31,283 in the past year. This data is an estimate based upon 266,333 households in Detroit, MI.
The chart below presents how household income is distributed in Detroit, MI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Detroit, MI compared to median property taxes around the country. The prevalent amount of property taxes in Detroit, MI equals $800-$1,500 , which is less than the national average.