5545 Ridgewood Street

1,688 Sq. Ft.
$27 / Sq. Ft.
1,688
Sq. Ft.
$27
per Sq. Ft.

Description

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...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!
  1. Listed by Vincent Rush • EXP Z Real Estate
    P: (734)-680-5763 C: (734)-680-5763 vince@rushteam.com

Property Details for 5545 Ridgewood Street

Architectural Style
Bungalow
Subdivision Name
DAILEY PARK SUB (PLATS)
Has Waterfront
No
LISTING CLOSED: 10/18/2024 12:00 AM

Property Details for 5545 Ridgewood Street

StatusClosed
MLS #60312302
Days on Market111
Taxes$1,130 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1923
Lot Size0.15 AC / 6,534 SF
CountyWayne County

Location

Listing Courtesy of EXP Z Real Estate

Sold By LPS

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Building Information for 5545 Ridgewood Street

Stories2Year Built1923Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$323 per month

30 year fixed, 6.36% Interest

Principal and Interest

$229

Property Taxes

$94

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5545 Ridgewood Street

Summary
Location and General Information
  • Cross Street: Livernois
  • Directions: Exit I-96, go south down Livernois, take left onto Ridgewood St, house is on the right.
  • Latitude: 42.362868
  • Longitude: -83.137351
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Association: No
  • Parcel Number: W16I004292S
  • Tax Annual Amount: $1,130.00
Parking
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Paved, Detached
Property
Lot Information
  • Frontage Length: 52.0
  • Lot Size Acres: 0.15
Property and Assessments
  • Above Grade Finished Area: 1688.0
  • Building Area Total: 2813.0
  • Living Area: 1688.0
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1923
Building Features
  • Construction Materials: Brick
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Private Pool: No
Interior Features
  • Basement: Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Has Fireplace: No
  • Heating: Hot Water, Natural Gas
  • Has Heating: Yes
  • Total Rooms: 6

Property History for 5545 Ridgewood Street

DateEvent & SourcePriceAppreciation
Oct 18, 2024

Sold (Public Record)

Public Record #1545572096

$46,000
Oct 18, 2024

Sold

MiRealSource #60312302

$46,000
Sep 26, 2024

Contract Signed

MiRealSource #60312302

DateEvent & SourcePrice
10/18/2024

Sold (Public Record)

Public Record #1545572096

$46,000
10/18/2024

Sold

MiRealSource #60312302

$46,000
09/26/2024

Contract Signed

MiRealSource #60312302

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5545 Ridgewood Street

Taxable ValueLand-Additions-Total-
Tax Record2023$1,130 ($94 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,688 SqFtAbove Grade Finished SqFt1,688 SqFtStories2Lot Size6,098 SqFtStyleSingle Family ResidenceYear Built1923ZoningR2CountyWAYNEAPN16004292.Fireplace TypeHas Fireplace

Schools near 5545 Ridgewood Street

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 12
Rating
School
Distance
Bates Academy
PublicPK to 8

Sampsonwebber Leadership Academy
PublicPK to 8

Detroit International Academy For Young Women
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Z Real Estate

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