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855.375.4001
Listing Courtesy of: LaKisha Dansby - KW Metro 248-288-3500
$450,000 affordable loan icon Calculate Payment

5907 IROQUOIS Detroit, MI 48213

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Multi-Family Residence
Beds
5 Baths
... Bed/Bath
4,680 Sq. Ft.
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Last updated on 11/20/2024 3:30 AM

Listing Details

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. Continue reading
Source MLS
MiRealSource
Originating MLS
RealComp
MLS#
60354761
Property Type
Multi-Family
Bathrooms
4 Full/1 Half
Year Built
1923
Square Feet
4,680 sq. ft
Lot Size
0.15
Stories
2.0
Sewer
Public Sewer
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Listing Courtesy of: LaKisha Dansby - KW Metro 248-288-3500
Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
This content last refreshed on 11/20/2024 3:30 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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