$299,000
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8542 IRONWOOD Detroit, MI 48204
Multi-Family
Residence
Beds
4
Baths
...
Bed/Bath
3,426
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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Presenting a remarkable investment opportunity in the heart of Detroitââ?¬â??a four-unit brick building that stands as a testament to quality and potential. Located in a neighborhood showing strong signs of revitalization, this property offers a blend of historic charm and modern updates, making it... an attractive prospect for both seasoned investors and those new to the real estate market. Each unit has been updated, featuring upgraded bathrooms that combine contemporary design with functionality. These spaces ensure a comfortable living experience for tenants. The building has been fitted with all new windows, improving energy efficiency and contributing to lower utility costs while providing abundant natural light throughout each unit. Each unit comes with its own separate gas and electric meters, allowing for individual billing and making it easier for tenants to manage their utility usage. The property features one water meter, simplifying water service management. The building includes a full basement, providing storage space and housing a convenient laundry area. This communal laundry facility is a desirable amenity for tenants, adding value to the rental units. Situated on a corner lot, the building is enclosed by a secure fence, offering privacy and a sense of community. The property also features newer gutters, ensuring proper drainage and reducing maintenance concerns. With street parking available, tenants and their guests will have no trouble finding convenient parking spots. This added convenience enhances the property's appeal. The building is currently vacant, making it ready for immediate occupancy. Its well-kept condition ensures that new tenants can move in without delay, maximizing rental income potential. The surrounding area is experiencing a notable resurgence. This revitalization contributes to a growing demand for quality rental units, positioning this property as a prime investment. The location has easy access to public transportation, major highways, and downtown Detroit.
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Source MLS
MiRealSource
Originating MLS
RealComp
MLS#
60317996
Property Type
Multi-Family
Bathrooms
4 Full
Year Built
1920
Square Feet
3,426
sq. ft
Lot Size
0.1
Stories
2.0
Sewer
Public Sewer
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