$340,000
Sold

5907 IROQUOIS STREET

Detroit, MI 48213
4680 sqft | 4 baths | #20240003950
Type:Multi-Family
Structure:4 Family
Zone:Residential

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

    Timothy StinsonPremier Realtor | 248-933-0539