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$390,000
Est. payment /mo
5 Baths
4,680 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,680 sqft
Price per Sqft $83
Subdivision Mi
MLS Listing ID 60922913
Style 2 Story
Full Baths 4
Half Baths 1
Year Built 1923
Annual Tax Amount $7,642
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 60X110
Property Sub-Type Multi-Family
Property Description
START CASH FLOWING - Two units leased at $1,759 and $960/month with room for rent increases. Discover a prime investment opportunity with this four-unit multifamily property located at 5907 Iroquois Street in Detroit. The building comprises three spacious three-bedroom units and one two-bedroom unit, offering a versatile portfolio for potential investors. Property Highlights: • Total of 11 bedrooms and 4 bathrooms across all units • Each unit features a comfortable layout suitable for various tenant needs • Recent updates include newer furnaces, hot water tanks, plumbing, and electrical panels, ensuring reduced maintenance costs and enhanced tenant satisfaction • Conveniently located near I-94, providing easy access to downtown Detroit, just a 10-minute drive away This property presents an excellent opportunity for both seasoned investors and those new to real estate investment. The combination of occupied units generating steady income and two units ready for occupancy makes this a compelling addition to any portfolio. Don't miss out on this chance to invest in a property with substantial income potential in a prime Detroit location. Contact us today to schedule a viewing or for more information.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Block
Interior
Heating Hot Water
Fireplace No
Exterior
Exterior Feature Aluminum, Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Aluminum,Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by Clyde Realty LLC
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