5907 IROQUOIS Street Detroit, MI ^$ 354,900

5907 IROQUOIS Street

^$ 354,900

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5907 IROQUOIS Street

Detroit, MI, 48213

^$ 354,900

Studio Baths4.0 Sq 4,680

Monthly Estimate*

^$ 2,479

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Studio

Multi-Family Home for sale in Detroit, MI

for $354,900 with 4 full baths. This 4,680 square foot home was built in 1923 on a lot size of 0.15.

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.

Multi-Family Pending

Price

^$ 354,900

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 6,812

Style

Lot Size

0.15

Year Built

1923

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60283592

Features

General

Heating Hot Water

Possession At Close

Exterior Features Fenced Yard

Water Public Water Public Water at Street

Status Pending Pending

Full Baths 4

Half Baths 0

Bathrooms 4

Year Built 1923

Parking On Street

Subdivision STEPHENS ELM PK (PLATS) MI

Water Heater Gas

County Wayne

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Private

Municipality Detroit

Area Detroit (82001)

Primary City Detroit

Directions S Lambert and W Fischer

City Detroit

School District Detroit City School District

Street Name IROQUOIS

Financial Terms Cash Conventional

Legal Description W IROQUOIS S 25 FT 43 44 BLK 12 STEPHENS ELM PK SUB L19 P12 PLATS W C R 17/125 60 X 110

DOM 56

Postal Code 48213

Price Per Sq Ft 75.83

Coming Soon

Interior

Basement Block

Fireplace? No

Total Number of Units 4

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 0

Lot Size Area 0.15

Lot Dimensions 60.00 x 110.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Olyur Miah

Listing Agent

Prime Time Realty

Broker

masumprimetime@gmail.com

Affordability Calculator

$3,047

Per Month

Monthly Principal & Interest: $2,479
Monthly Property Taxes: $568
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$212,766

Percent of Sale Price 40%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/10/2024	$354,900	-1.39%	Price Down
1/22/2024	$359,900		Listed Price

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5907 IROQUOIS Street, Detroit, MI, 48213 is a Multi-Family Home for sale at $354,900 with 4,680 sqft and a lot size of 0.15. 5907 IROQUOIS Street is a studio with 4.0 baths and was built in 1923. The property's zip code is 48213 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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5907 IROQUOIS Street

Multi-Family Home for sale in Detroit, MI

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