Homes for sale - 8542 IRONWOOD Street, Detroit, MI 48204 3628

Detroit, MI 48204 3628,8542 IRONWOOD Street

REQUEST A TOUR

In-PersonVirtual Tour

Jeff Rising

jeff@therisingteam.com +1(517) 605-1286

$ 299,000

Est. payment | -/mo

4 Baths

3,426 SqFt

Save Virtual Tour

$ 299,000

Est. payment | -/mo

Save Virtual Tour

4 Baths

3,426 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,426 sqft

Price per Sqft $87

Subdivision Mi

MLS Listing ID 60317996

Style 2 Story

Full Baths 4

Year Built 1920

Annual Tax Amount $3,151

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 37.00 x 120.00

Property Description

Presenting a remarkable investment opportunity in the heart of Detroitâ€”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.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family

Rooms

Basement Block, Common

Interior

Heating Forced Air

Fireplace No

Exterior

Exterior Feature Brick

Amenities Available Laundry Facility

Waterfront No

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Assessment Amount $240

Energy Description Natural Gas

Financing Cash,Conventional

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by Elite Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(517) 605-1286

jeff@therisingteam.com

105 E Maumee St, Adrian, MI, 49221, USA

8542 IRONWOOD Street Detroit, MI 48204 3628

Jeff Rising

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

8542 IRONWOOD Street