2302 1st St, Wyandotte, MI 48192

Property Description

One property, endless possibilities in the heart of Wyandotte! Whether you’re looking for an income-producing investment or dreaming of creating a truly one-of-a-kind personal residence, this unique property offers incredible versatility in a prime location! Situated on a spacious corner lot directly across from the hospital and within walking distance of vibrant Downtown Wyandotte, restaurants, shopping, and waterfront attractions. Currently utilized as a multi-unit rental generating $2,510/month in rental income ($30,120 annually), with all tenants on month-to-month leases, offering flexibility for its next owner! The upper level features an open studio apartment renting for $550/month, the spacious two-bedroom main-level unit rents for $1,300/month and offers an open kitchen and dining area plus a charming sunroom, while the finished lower level rents for $660/month and features an additional bedroom, kitchenette, living space, common area, and storage. The entire home underwent an extensive gut renovation approximately 18 years ago, including the roof and windows. The property features one shared furnace, A/C system, and hot water tank. But the possibilities don’t stop inside! The standout feature is the extraordinary detached garage, previously used as a recording studio with premium soundproofing, in-floor radiant heat, kitchenette, restroom, and shower! Imagine the ultimate entertainment space, creative studio, hobby retreat, or private hangout. Outside, enjoy a fully fenced yard with white vinyl privacy fencing, established landscaping, a dedicated trailer storage area, and a unique dog kennel with its own doghouse and turf space. Continue enjoying rental income or explore the potential to reimagine this property as a distinctive single-family home with incredible bonus spaces. An exceptional opportunity to invest, create, and make something truly your own in one of Wyandotte’s most desirable locations!