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3724 Wager St, Detroit, MI, 48206

$225,000

Home List Price

$2,672*

Closing Credit

4 Full Baths
3,776 SqFt
$60/SqFt
Multi
Schools Nearby

Location

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3724 Wager St, Detroit$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1923
HeatingNatural Gas, Hot Water
BasementYes
MLS #20240011166
Lot Size0.09 Acres
StatusActive

About 3724 Wager St

Value-Add Opportunity for this 4 unit multi-family! Each unit is 2 bed 1 bath. Majority of the work has been done... Newer roof and newer windows, property just needs TLC on the interior to be brought back to life. This is an excellent opportunity to turn this multi-family into a cash flowing machine, with a projected $950/mo in rent (or more) per unit, grossing $45,600 annually (or more). On the other hand, occupy one of the units while the other 3 units are paying your rent! BATVAI. Agents, please read agent remarks.

Property Details

Property Features

Property Information:

  • Architectural Style: Quadruplex
  • Year Built: 1923
  • Stories: 2
  • Living Area: 3,776 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Jay Naim

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Laundry Facility, Programmable Thermostat

Bedroom and Bathroom Information:

  • Full Bathrooms: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Lighting, Fenced

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: Travel North on Dexter Ave, Make a Left on Wager

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $60/SqFt

Tax Information:

  • Annual Amount: $1,612
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$80.1K

Med. Price/SqFt

$69

Avg. Days On Market

49

# of Sold Homes

392

3724 Wager St vs Detroit

57 DAYS ON ROCKET

+8 Days

$225,000

+$144.8K More

$60/SqFt

-$10 Less

KEY TAKEAWAY

This property is $144.8K more than the Median Sold Price and $10/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240011166

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Jay Naim

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 3:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 11, 2020Home Sold
$112,000
Oct 10, 2019Home Sold
$13,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,612$14,800
2020$1,150$19,000
2018$1,150$15,700
2017$1,145$14,400

History based on county public records data.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1005127
5
/10

  • Henry Ford Academy:School For Creative Studies-Ele

  • 10225 3rd St

  • 1.72 miles

  • Public Charter Grades KG-5

school-card-donut-1005128
3
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 2.25 miles

  • Public Charter Grades KG-5

school-card-donut-1005129
4
/10

  • University Preparatory Academy (Psad) Elementary School

  • 435 Amsterdam St

  • 2.39 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,768. Residents of Detroit, MI typically earn less than $35k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48206›3724 Wager St

This home is located at 3724 Wager St in Detroit, MI and zip code 48206 in the Winterhalter neighborhood. This 3,776 square foot home, which was built in 1923, sits on a 0.09 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since February 29, 2024 and is currently priced at $225,000.

In March 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 74 listings were sold at asking price, while more than 224 were sold below. In March 2024 in Detroit, MI there were 10.7% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $80,163, while the average time on the real estate market was 49 days.

From Rocket Homes Real Estate and based on county public records data.

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