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!
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1923
Stories: 2
Living Area: 1,688 SqFt
Listing Office:
Office Name: EXP Realty LLC
Office Phone: (248) 937-1337
Listing Agent: Vincent Rush
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 4
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 1 space
Attached Garage: No
Parking: Detached
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Hot Water
Other
Directions Information:
Directions: Exit I-96, go south down Livernois, take left onto Ridgewood St, house is on the right.
Price Information
Listing Price Info
Price Summary:
List Price: $51,900
Price Per SqFt: $31/SqFt
Tax Information:
Annual Amount: $566
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $33.1K less than the Median Sold Price and $42/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: #20240037833
Listing Office:
Office Name: EXP Realty LLC
Office Phone: (248) 937-1337
Listing Agent: Vincent Rush
Disclaimer: 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.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
McDonald Elementary School
10151 Diversey St
Distance between this listing and this school1.51 miles
Public District Grades PK-5
2
/10
Riverside Academy
7124 Miller Rd
Distance between this listing and this school2.00 miles
Public Charter Grades KG-5
7
/10
Iris Becker Elementary School
10821 Henson St
Distance between this listing and this school2.11 miles
Public District Grades PK-5
Nearby Schools
2
/10
Hope Academy
12121 Broadstreet Ave
Distance between this listing and this school1.15 miles
Public Charter Grades KG-8
2
/10
Flagship Charter Academy
13661 Wisconsin St
Distance between this listing and this school2.00 miles
Public Charter Grades KG-8
2
/10
Hope of Detroit Academy
4443 N Campbell St
Distance between this listing and this school2.20 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Central Collegiate Academy
2425 Tuxedo St
Distance between this listing and this school1.94 miles
Public District Grades 9-12
4
/10
Voyageur Consortium High School
4366 Military St
Distance between this listing and this school2.26 miles
Public Charter Grades 5-12
3
/10
Southwest Detroit Lighthouse Charter Academy
4001 29th St
Distance between this listing and this school2.41 miles
The neighbors living near this home have an average income of $26,974. The majority of Detroit, MI residents have income less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5545 Ridgewood St
What is the listing price of this property?
The listing price of 5545 Ridgewood St property is $51,900.
What type of property is this?
The property 5545 Ridgewood St is a house located in Detroit, Michigan, 48204.
Is this property for sale now?
Active Listing: 5545 Ridgewood St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $566 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 5545 Ridgewood St has 4 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 5545 Ridgewood St is 1,688 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5545 Ridgewood St is 1923.
This home is located at 5545 Ridgewood St in Detroit, MI and zip code 48204 in the Tireman neighborhood. This 1,688 square foot home, which was built in 1923, sits on a 0.15 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 01, 2024 and is currently priced at $51,900.
In August 2024, from all listings sold in Detroit, MI there were more than 104 sold above asking price, over 209 sold below and more than 74 were sold right at the asked price. In August 2024 in Detroit, MI there were 12.2% more homes for sale than in July 2024. In August 2024, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $85,000.
From Rocket Homes Real Estate and based on county public records data.