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$ 999,000
Est. payment /mo
New
9501 Iris Detroit, MI 48227
58 Baths
0.93 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Northville City
Subdivision Northville City
MLS Listing ID 20251034600
Year Built 1969
Annual Tax Amount $21,493
Lot Size 0.930 Acres
Acres 0.93
Lot Dimensions 100 x 40
Source Realcomp
Property Description
Amazing INVESTOR Special! Don't miss this amazing opportunity in a rapidly developing neighborhood! This 58-unit Complex is vacant and primed for completion. Some units are already renovated while other need drywall and finishing touches. Property features (52) 1 units and (6) 2 bedroom units with 1 bath. Projected Income: $40,000 monthly / $475,000+ annually at 80% occupancy (higher at full occupancy). Location highlights: Close to schools, shopping, public transportation and more. Parking: Plenty of on-site parking spaces available. Cash Buyers Only,- no seller financing. Property Sold AS IS. Buyer to perform due diligence. Serious inquires Only. This property has the potential to be a true cash-flow machine once stabilized.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Take Chicago to Iris go to address
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Structure Type Brick
Schools
School District Detroit
Others
Tax ID 22994883.10
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Moving Forward Realty