5907 Iroquois Street

Detroit, Michigan 48213

  • 11 Bed(s)
  • 4.5 Bath(s)
  • 4,680 Sqft
  • 0.15
    Acre(Lot)
$450,000

Description

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. current rental income: • unit 1: three bedrooms, rented at $1,650/month • unit 2: three bedrooms, rented at $1,650/month • unit 3: two bedrooms, rented at $950/month • unit 4: three bedrooms, currently vacant with one unit available, there’s immediate potential to increase revenue by leasing the vacant space. property highlights: • total of 11 bedrooms and 4 bathrooms across all units • each unit features a comfortable layout suitable for various tenant needs • • 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 a vacant unit ready for occupancy makes this a compelling addition to any portfolio. financial overview: • current monthly rental income: $4,250 • potential monthly rental income (fully occupied): $5,900 • annual gross income potential: $70,800 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.

  • Property Type

    Multifamily

  • Subdivision

    Stephens Elm Pk (plats)

  • County

    Wayne

  • Style

    Colonial

  • AD ID

    47634537

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Property Details

  • Bathroom Information

    • Total Baths: 4.5
    • Full Baths: 4
    • Half Baths: 1

    Interior Features

    • Basement Description: Unfinished

    Heating & Cooling

    • Heating: Hot Water
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1923
    • Building Stories: 2 Story
    • Total Units: 4
    • Foundation/Basement: Basement
    • Architecture: Colonial

    Exterior Features

    • Construction: Aluminum,Brick

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.15
    • Dimensions: 60.00 x 110.00

    Property Information

    • SQ ft: 4680
    • Subdivision: STEPHENS ELM PK (PLATS)
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $450,000

    Listing Information

    • Possession: At Close
    • Legal Description: W IROQUOIS S 25 FT 43 44 BLK 12 STEPHENS ELM PK SUB L19 P12 PLATS, W C R 17/125 60 X 110

  • Tax Information

    • Annual Tax: $7,555
    • Parcel Number: W17I007335S

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: W IROQUOIS S 25 FT 43 44 BLK 12 STEPHENS ELM PK SUB L19 P12 PLATS, W C R 17/125 60 X 110

  • Multi-Unit Information

    • Presently Zoned: 1
    • Road Frontage: Paved

    Unit 2 Information

    • # of Bedrooms: 1

    Unit 3 Information

    • # of Bedrooms: 3

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 11/21/2024 @ 05:57

  • MLS: 620126198
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 11 bedrooms which is for sale, it has 4,680 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Detroit , in zip code 48213, this Wayne County Multifamily , it is in the STEPHENS ELM PK (PLATS) Subdivision, are nearby neighborhoods.