5807 Toledo Street

Detroit, Michigan 48209

  • 5 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 0.17
    Acre(Lot)
$765,000

Description

Welcome to your next investment opportunity in the heart of southwest detroit! this property is 90% occupied. there are no showings without an accepted offer. this 10-unit building is a beacon of potential, boasting numerous features that make it a lucrative addition to your portfolio.the upgraded units in this building command top dollar, with rents reaching up to $1,200 per month. this means a potential annual income of around $140,000 when all units are fully upgraded. southwest detroit is experiencing rapid appreciation, making this property an even more attractive investment. the neighboring $4.4bn gordie howe bridge development is scheduled to complete next year. its surrounding areas have seen significant development, making it an exciting time to invest in this community.each unit in this building is individually metered for their utility costs, simplifying property management for you and increasing your return on investment. tenants will appreciate the convenience of air conditioning in every unit, enhancing their living experience and allowing you to command premium rents. just a quick drive away, downtown detroit is less than 10 minutes from this property, offering residents access to employment centers, dining, and entertainment options. nearby michigan central station development in corktown with its proximity to the nearly $1bn michigan central station development in corktown, this property is strategically positioned to benefit from ongoing urban revitalization and increased demand for housing in the area.this stabilized 10-unit building is a rare gem for savvy investors, combining attractive rental income potential with a prime location in a neighborhood poised for substantial growth. don't miss out on this opportunity to secure significant cash flow and capitalize on the flourishing southwest detroit real estate market.contact us today to schedule a viewing and seize this excellent investment before it's gone!

  • Property Type

    Multifamily

  • Subdivision

    Walter Crane Farm (plats)

  • County

    Wayne

  • Style

    Multifamily

  • AD ID

    48839022

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Property Details

  • Interior Features

    • Laundry Facility

    Heating & Cooling

    • Cooling: Central Air
    • Heating: Forced Air
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1923
    • Total Units: 10
    • Foundation/Basement: Michigan Basement

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal),Water at Street

  • Lot Information

    • Lot Size: 0.17
    • Dimensions: 60 x 123

    Property Information

    • Subdivision: WALTER CRANE FARM (PLATS)
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $765,000

    Listing Information

    • Possession: Subject To Tenant Rights
    • Legal Description: S TOLEDO 1166&1167 E 10 FT 1168 SUB OF WALTER CRANE FARM L5 P29 PLATS, W C R 16/9 60 X 123

  • Tax Information

    • Annual Tax: $15,946
    • Parcel Number: 16000988

    Possession

    • Subject To Tenant Rights

    Legal Information

    • Legal Description: Section: S TOLEDO 1166&1167 E 10 FT 1168 SUB OF WALTER CRANE FARM L5 P29 PLATS, W C R 16/9 60 X 123

  • Multi-Unit Information

    • Road Frontage: Paved

    Unit 2 Information

    • # of Bedrooms: 1

    Unit 3 Information

    • # of Bedrooms: 1

  • Utility Information

    • Water:Public (Municipal),Water at Street
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 04/12/2025 @ 08:43

  • MLS: 623819932
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 5 bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.