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$ 380,000
Est. payment /mo
Active
5907 Iroquois Street Detroit, MI 48213
5 Baths
6,534 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251021902
HOA Y/N true
Year Built 1923
Annual Tax Amount $7,642
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 60X110
Source Realcomp
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 Wayne County - 100
Zoning Multi-Family
Direction Gratiot Ave To E Warren To Iroquois
Interior
Heating Hot Water
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Aluminum Siding,Brick
Schools
School District Detroit
Others
Tax ID 17007335
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Clyde Realty LLC