$340,000
$354,900
4.2%For more information regarding the value of a property, please contact us for a free consultation.
5907 IROQUOIS Street Detroit, MI 48213
4 Beds
4 Baths
4,680 SqFt
Key Details
Sold Price $340,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,680 sqft
Price per Sqft $72
Subdivision Stephens Elm Pk (Plats)
MLS Listing ID 20240003950
Style Quadruplex
Bedrooms 4
Full Baths 4
Year Built 1923
Annual Tax Amount $6,812
Lot Size 6,534 Sqft
Property Description
AN INCREDIBLE INVESTMENT OPPORTUNITY IN THE HEART OF DETROIT! THIS 4-UNIT MULTIFAMILY HOME FEATURES 2 BEDROOMS AND 1 BATHROOM IN ONE UNIT AND 3 BEDROOMS AND 1 BATHROOM IN THE OTHER 3 UNITS. HOME IS CONVENIENTLY LOCATED NEAR I94 AND ONLY 10 MINUTES AWAY FROM DOWNTOWN. EXCELLENT OPPURTUNITY FOR PASSIVE INCOME WITH AN ESTIMATED $5,400 PER MONTH IN RENTS, TOTALING A WHOPPING $64,800 ANNUALLY. 3 OUT OF THE 4 UNIT ARE OCCUPIED. DREAM OF LIVING RENT FREE? NOW YOU CAN! LIVE IN ONE AND RENT THE OTHER THREE. ALL UNITS HAVE NEWER FURNACE, HOT WATER TANK, PLUMMING AND ELECTRICAL PANEL, ENSURING LONGEVITY. WHETHER YOU'RE A SEASONED INVESTOR OR LOOKING TO START YOUR REAL ESTATE JOURNEY, THIS PROPERTY IS A MUST-SEE. DO NOT APPROACH OR DISTURB TENANTS.
Location
State MI
County Wayne
Area Det: 6-Mack I75-Conner
Zoning Commercial,Multi-Family
Interior
Hot Water Natural Gas
Heating Hot Water
Exterior
Exterior Feature Fenced
Pool No
Waterfront no
Roof Type Asphalt,Other
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal), Water at Street
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $340
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Golden Key Realty Group LLC
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