Sold
98 Le Roy Street, River Rouge, MI 48218
Sold on 05/13/2026 for$55,000
MLS # 20251044958 (Realcomp)
3 beds2 baths1,368 sqftBuilt 19220.1 acres
1 / 27
Listing Description
Prime Investment Opportunity! This 3-bedroom Cape Cod is the perfect value-add property with multiple paths to equity growth. Main floor includes a living room, dining room with bay window, half bath and a additional bedroom with private entrance - ideal for creating a separate living space or boosting rental income. Two large bedrooms upstairs, include a vaulted ceiling primary, plus a full bath. Wide staircases and a full unfinished basement provide excellent rehab potential, with plumbing already in place for an additional half bath and extra rooms that convert to bedrooms or storage. Located near major expressways, schools, and shopping. Strong upside for BRRRR investors, flippers, or long-term rental strategies. Ready for your vision - run the number and add this one to your portfolio
Source: SparkMLS
About this home
Located in River Rouge in River Rouge, this property offers 3-bedroom, 2-bath, 1,368 sq ft, with original construction dating to 1922.
Final sale price: $55,000 (about $40/sq ft).
Annual property taxes run approximately $1,415 ($118/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. Fiber internet is available at this address with download speeds up to 1,200 Mbps across 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,368 sqft
Lot Size0.1 acres
Year Built1922
Stories2
Location
CityRiver Rouge
MunicipalityRiver Rouge City
Zip Code48218
CountyWayne
School DistrictRiver Rouge
Construction & Systems
ConstructionVinyl Siding
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed11/17/2025
Sold Date5/12/2026
Original Price$79,900
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,415
Parcel #50005080188000
Source: SparkMLS
Legal Description
497A188 LOT 188 THE RIVER ROUGE IMPROVEMENT COS SUB PC 497, 525 L21 P20 WCR
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Michael Thomas
3Sixty5 Realty
Frequently Asked Questions about 98 Le Roy Street, River Rouge, MI 48218
Which school district serves 98 Le Roy Street, River Rouge, MI 48218?
Per MLS# 20251044958, 98 Le Roy Street, River Rouge, MI 48218 is in the River Rouge boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact River Rouge directly to confirm enrollment eligibility.
What financing options are available for 98 Le Roy Street, River Rouge, MI 48218?
Per MLS# 20251044958, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 98 Le Roy Street, River Rouge, MI 48218?
Per public tax records, annual property taxes for this property are $1,415. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 98 Le Roy Street, River Rouge, MI 48218 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 98 Le Roy Street, River Rouge, MI 48218 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 98 Le Roy Street, River Rouge, MI 48218. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 98 Le Roy Street, River Rouge, MI 48218?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$448
Principal & interest$448
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
1.2 Gbps
Upload
35 Mbps
FiberCableGSO SatelliteSatelliteLicensed Fixed WirelessDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
98 Le Roy Street, River Rouge, MI 48218
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Municipality
River Rouge
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County
Wayne County
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