5907 Iroquois St, Detroit, MI 48213
- $340,000
- 4
- BA
- 4,680
- SqFt
- Sold Price
- $340,000
- List Price
- $354,900
- Closing Date
- Apr 26, 2024
- MLS#
- 20240003950
- Status
- CLOSED
- Bathrooms
- 4
- Subdivision
- STEPHENS ELM PK (PLATS)
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.
Additional Information
- Year Built
- 1923
- Basement Type
- Partial, Unfinished
- Acres
- 0.15
- Style
- Quadruplex
- Acres
- 0.15
- School District
- Detroit
- Heating
- Hot Water, Natural Gas
- Garage Description
- Parking Lot, On Street
Mortgage Calculator
Courtesy of Prime Time Realty 3135983055
Selling Office: Golden Key Realty Group LLC.
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