MI
Wayne
Detroit
48213
5907 IROQUOIS Street
5907 IROQUOIS Street, Detroit, MI 48213
Listing Type
Multi Family
Listing Status
active
8
$450,000

Home Details for 5907 IROQUOIS Street

Price
$450,000
Type
Residential Income
Bedrooms
11
Bathrooms
5.0
Square feet
4680
Year built
1923
Lot size acres
0.15
County
Wayne
Garage
Basement
Unfinished
Days on site
41
MLS Listing#
20240085916
Listing courtesy: KW Metro - 248-288-3500
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.

Property Features
  • Heating Information
    • Hot Water
  • Water Features
    • Public
  • Basement
    • Unfinished
Michigan Regional Information Center logoThe accuracy of all information, regardless of source, is not guaranteed or warranted. Allinformation should be independently verified. IDX Information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Provided through IDX through Realcomp II Ltd. Courtesy of EXIT UNITED REALTY PROFESSIONALS. © 2024 Realcomp II Ltd. Shareholders.
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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