MI > Detroit > Mi
Detroit, MI 48213 2503,5907 IROQUOIS Street
Detroit, MI 48213 2503,5907 IROQUOIS Street
Detroit, MI 48213 2503,5907 IROQUOIS Street
Detroit, MI 48213 2503,5907 IROQUOIS Street
Detroit, MI 48213 2503,5907 IROQUOIS Street
Detroit, MI 48213 2503,5907 IROQUOIS Street
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Jeff Rising

Jeff Rising

+1(517) 605-1286
$ 450,000
Est. payment | /mo

5 Baths

4,680 SqFt

Save
$ 450,000
Est. payment | /mo
Save

5 Baths

4,680 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,680 sqft

Price per Sqft $96

Subdivision Mi

MLS Listing ID 60354761

Style 2 Story

Full Baths 4

Half Baths 1

Year Built 1923

Annual Tax Amount $7,555

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 60.00 x 110.00

Property Description

Discover a prime investment opportunity with this four-unit multifamily property located at 5907 Iroquois Street in Detroit. The building comprises three spacious three-bedroom units and one two-bedroom unit, offering a versatile portfolio for potential investors. Current Rental Income: • Unit 1: Three bedrooms, rented at $1,650/month • Unit 2: Three bedrooms, rented at $1,650/month • Unit 3: Two bedrooms, rented at $950/month • Unit 4: Three bedrooms, currently vacant With one unit available, there’s immediate potential to increase revenue by leasing the vacant space. Property Highlights: • Total of 11 bedrooms and 4 bathrooms across all units • Each unit features a comfortable layout suitable for various tenant needs • • Conveniently located near I-94, providing easy access to downtown Detroit, just a 10-minute drive away ? This property presents an excellent opportunity for both seasoned investors and those new to real estate investment. The combination of occupied units generating steady income and a vacant unit ready for occupancy makes this a compelling addition to any portfolio. Financial Overview: • Current monthly rental income: $4,250 • Potential monthly rental income (fully occupied): $5,900 • Annual gross income potential: $70,800 Don’t miss out on this chance to invest in a property with substantial income potential in a prime Detroit location. Contact us today to schedule a viewing or for more information.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family

Rooms

Basement Block

Interior

Heating Hot Water

Fireplace No

Exterior

Exterior Feature Aluminum, Brick

Waterfront No

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Aluminum,Brick

Schools

School District Detroit City School District

Others

Ownership Private

Assessment Amount $340

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 KW Metro
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"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

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5907 IROQUOIS Street