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17951 Prospect

Melvindale, MI 48122
  • $270,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: 20261018472
UPDATED: 11 min ago
$270,000
  • 0
    BEDS
  • 0.53
    ACRES
  • 3
    BATHS
  • 3
    1/2 BATHS
  • 2,850
    SQFT
  • $95
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Description

Discover this fully leased 3-unit property in the heart of Melvindale, perfect for savvy investors. This property includes two valuable lots, 191 and 192, providing additional potential for future development or expansion. Recent upgrades include a new boiler and hot water heater, ensuring peace of mind for the new owner. Enjoy the convenience of local shopping and easy access to the expressway. The landlord currently covers all utilities, making this a hassle-free investment opportunity. Please note that showings are only available after an offer is accepted, and we ask that you respect the tenants' privacy and do not approach them. For those looking to enhance their investment, two additional lots are also available for sale at $65,000 each. Don't miss this chance to own a well-located, income-generating property in Melvindale.

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[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-05-21T06:54:07.067.
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17951 Prospect Melvindale, MI 48122

  • Price: $270,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 11 min ago
  • MLS #: 20261018472
0
Beds
3
Baths
3
½ Baths
0.53
Acres
2,850
SQFT
$95
$/SQFT
1927
Built
Neighborhood:
Allen Blvd Heights Sub
County:
Wayne
Area:
Melvindale (82142)
School District:
Melvindale Northern Allen Park
Property Description
Discover this fully leased 3-unit property in the heart of Melvindale, perfect for savvy investors. This property includes two valuable lots, 191 and 192, providing additional potential for future development or expansion. Recent upgrades include a new boiler and hot water heater, ensuring peace of mind for the new owner. Enjoy the convenience of local shopping and easy access to the expressway. The landlord currently covers all utilities, making this a hassle-free investment opportunity. Please note that showings are only available after an offer is accepted, and we ask that you respect the tenants' privacy and do not approach them. For those looking to enhance their investment, two additional lots are also available for sale at $65,000 each. Don't miss this chance to own a well-located, income-generating property in Melvindale.
Exterior Features

Exterior Construction Aluminum Foundation Type Basement Lot Size 210x109 Roads Paved Street Structure Style 2 Story Styles Colonial Waterfront YN No

Interior Features

Basement Type PouredFinished Basement YN No Fireplace YN No Fuel Type Natural Gas Heating System BaseboardHot WaterRadiant

Property Features

Financial Terms CashConventional For Sale Or Rent For Sale Lease Information Water Included Lease YN Yes Municipality Melvindale Municipality Type City Net Operating Income 36600 Ownership Private Property Type Multi-Family SEV 211000 Sewer Septic Public At Street Subject To Short Sale Approval No Summer Tax Amount 4000 Taxable Value 211000 Total Expenses 5760 Total Tax Amount 5800 Water Public Water at Street Winter Tax Amount 1800 Zoning Multi-Family

Listing courtesy of Max Broock Realtors : 248-851-4100.

Source MLS: MiRealSource
Originating MLS: Realcomp

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-05-21T06:54:07.067.
 
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