For Sale
162 Burke Street, River Rouge, MI 48218
$399,900
MLS # 20261044410 (Realcomp)
Built 19570.18 acres
1 / 13
Listing Description
Excellent investment opportunity! Fully occupied 6-unit multifamily property offering immediate positive cash flow. Several units have been beautifully updated with remodeled kitchens and bathrooms, providing modern finishes that tenants appreciate. Property features coin-operated laundry for additional income and convenience. Well-maintained with strong rental history and stable occupancy. A turnkey investment with income from day one, making it a great addition to any investor's portfolio. Don't miss this opportunity to own a solid income-producing property! BATVAI
Source: SparkMLS
About this home
6-bath home in River Rouge in River Rouge built in 1957.
Listed at $399,900.
Property tax estimate: $10,331 per year ($861/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms6
Lot Size0.18 acres
Year Built1957
Location
CityRiver Rouge
MunicipalityRiver Rouge City
Zip Code48218
CountyWayne
School DistrictRiver Rouge
Construction & Systems
ConstructionBrick
BasementSlab
HeatingBaseboard
WaterPublic
Sale & Financing
Listed6/12/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$10,331
Parcel #50008070005000
Source: SparkMLS
Legal Description
114J5 6 114Y28 LOTS 5 AND 6 DELISLES SUB OF A PT OF PC114 ALSO LOT 28 ASSORS RIVER ROUGE PLAT NO 1 OF PT OF PC25 AND 114 DELISLES SUB PC 114 L17 P17 WCR
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Steffanie Jozsa
Real Estate One-Southgate
Frequently Asked Questions about 162 Burke Street, River Rouge, MI 48218
What school district is 162 Burke Street, River Rouge, MI 48218 in?
Per MLS# 20261044410, this property is served by River Rouge. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20261044410, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261044410, the most recent reported annual property tax for 162 Burke Street, River Rouge, MI 48218 is $10,331. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 162 Burke Street, River Rouge, MI 48218 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 162 Burke Street, River Rouge, MI 48218 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$2,594
Principal & interest$2,594
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
162 Burke Street, River Rouge, MI 48218
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Municipality
River Rouge
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County
Wayne County
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