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855.375.4001
Listing Courtesy of: Tracy Petersen - Elite Realty 734-513-2166
$325,000 affordable loan icon Calculate Payment

8542 IRONWOOD Detroit, MI 48204

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Multi-Family Residence
Beds
4 Baths
... Bed/Bath
3,426 Sq. Ft.
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Last updated on 10/3/2024 12:17 PM

Listing Details

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. Continue reading
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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Listing Courtesy of: Tracy Petersen - Elite Realty 734-513-2166
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 10/3/2024 12:17 PM. 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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