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5907 IROQUOIS Street Detroit, MI 48213
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Key Details
Sold Price $340,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,680 sqft
Price per Sqft $72
Subdivision Stephens Elm Pk (Plats)
MLS Listing ID 20240003950
Sold Date 04/26/24
Style Quadruplex
Bedrooms 4
Full Baths 4
Originating Board Realcomp II Ltd
Year Built 1923
Annual Tax Amount $6,812
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 60.00 x 110.00
Property Description
AN INCREDIBLE INVESTMENT OPPORTUNITY IN THE HEART OF DETROIT! THIS 4-UNIT MULTIFAMILY HOME FEATURES 2 BEDROOMS AND 1 BATHROOM IN ONE UNIT AND 3 BEDROOMS AND 1 BATHROOM IN THE OTHER 3 UNITS. HOME IS CONVENIENTLY LOCATED NEAR I94 AND ONLY 10 MINUTES AWAY FROM DOWNTOWN. EXCELLENT OPPURTUNITY FOR PASSIVE INCOME WITH AN ESTIMATED $5,400 PER MONTH IN RENTS, TOTALING A WHOPPING $64,800 ANNUALLY. 3 OUT OF THE 4 UNIT ARE OCCUPIED. DREAM OF LIVING RENT FREE? NOW YOU CAN! LIVE IN ONE AND RENT THE OTHER THREE. ALL UNITS HAVE NEWER FURNACE, HOT WATER TANK, PLUMMING AND ELECTRICAL PANEL, ENSURING LONGEVITY. WHETHER YOU'RE A SEASONED INVESTOR OR LOOKING TO START YOUR REAL ESTATE JOURNEY, THIS PROPERTY IS A MUST-SEE. DO NOT APPROACH OR DISTURB TENANTS.
Location
State MI
County Wayne
Area Det: 6-Mack I75-Conner
Zoning Commercial,Multi-Family
Direction S Lambert and W Fischer
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Hot Water
Fireplace no
Heat Source Natural Gas
Exterior
Exterior Feature Fenced
Roof Type Asphalt,Other
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal), Water at Street
Architectural Style Quadruplex
Level or Stories 3 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W17I007335S
Ownership Short Sale - No,Private Owned
Assessment Amount $340
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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©2025 Realcomp II Ltd. Shareholders
Bought with Golden Key Realty Group LLC